Renegade Petroleum Ltd. Announces Increase to Credit Facility

CALGARY, ALBERTA–(Marketwired – May 28, 2013) – Renegade Petroleum Ltd. (“Renegade” or the “Company”) (TSX VENTURE:RPL), a light oil focused development and production company with assets located in Saskatchewan, Alberta, Manitoba and North Dakota, is pleased to announce that based on the annual borrowing base review, its lenders have agreed to increase the credit facility to $335 million from the previous $325 million. The syndicate of banks is led by National Bank Financial and TD Securities.

CORPORATE INFORMATION

Renegade’s common shares trade on the TSX Venture Exchange under the symbol “RPL”. Renegade currently has approximately 203.1 million common shares outstanding and 212.1 million fully-diluted common shares.