PUP Petro Uno Resources Ltd

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.


CORPORATE INFORMATION

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.

Petro Uno Resources Ltd (TSXV:PUP)
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