2010-05-18-2010-04-13

To acquire private company with assets in Saskatchewan.

Renegade Petroleum Ltd., Calgary, (Toronto Venture: RPL) plans to acquire privately held, Regina, Saskatchewan-based Prairie Hunter Energy Corp. for C$18.6 million in stock.

Renegade will issue approximately 5.3 million common shares valued at C$3.50 each to Prairie Hunter, which was founded in 2007 and has assets in southeastern Saskatchewan.

Prairie Hunter will become a subsidiary of Renegade. Closing is expected by May 31.

GMP Securities LP is financial advisor to Renegade. Genuity Capital Markets is financial advisor to Prairie Hunter.