2010-05-06-2010-04-13

To acquire 50% interest in ND assets.

Renegade Petroleum Ltd., Calgary, (Toronto Venture: RPL) plans to acquire a 50% interest in assets in Renville County, North Dakota, from unnamed, North Dakota-based sellers for US$1.2 million in cash.

The farm-in agreement includes 25,950 gross acres (12,975 net) immediately adjacent to the Saskatchewan border and is prospective for Bakken, Threeforks/Sanish and Frobisher light oil.

Renegade will pay an additional US$300,000 upon certain conditions being met by its joint-venture partners. A horizontal test well is expected to be drilled by mid-November.

Renegade says the farm-in may result in a new Bakken resource play.