Renegade Petroleum Ltd. Completes Acquisition of Petro Uno Resources Ltd.

April 14, 2011

Renegade Petroleum Ltd. (“Renegade”) (TSX Venture: RPL) and Petro Uno Resources Ltd. (“Petro Uno”) (TSX Venture PUP) are pleased to announce that Renegade and Petro Uno have closed the previously announced acquisition of Petro Uno by Renegade by way of a plan of arrangement pursuant to the provisions of the Business Corporations Act (Alberta) (the “Arrangement”). Pursuant to the Arrangement, Renegade issued an aggregate of 11,811,248 common shares of Renegade for the acquisition of all of the issued and outstanding common shares of Petro Uno.


Renegade’s common shares trade on the TSX Venture Exchange under the symbol RPL. Renegade currently has approximately 84.2 million fully diluted shares outstanding.


Renegade Petroleum Ltd.

Michael Erickson

President & CEO

(403) 355-8922

Alex Wylie

Vice-President, Finance & CFO

 (403) 410-3376

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.