RYD Ryland Oil Corp

Ryland Oil Corporation (TSX VENTURE:RYD) is pleased to announce that its joint
venture partner, TriAxon Resources Ltd., has drilled, completed and tested its
third farm-in well on Ryland Bakken lands in the Flat Lake area of southeast
Saskatchewan. The most recent horizontal well, located at 1-22-1-14W2, was
multi-stage fracture stimulated. During clean-up of load fluid after the frac,
the well flow tested light oil rates in excess of 200 barrels of oil per day,
with water cut steadily reducing to approximately 35% as load fluid was
recovered. After the flow test, the well was shut in for a pressure buildup and
was returned to flowing production last week. TriAxon paid 100% of the costs of
drilling completing and equipping the well with Ryland retaining a 50% working
interest.


Ryland management is very encouraged by the test results on the new well to date
and the development potential of its substantial acreage position in the area.
The new well is located approximately 7 miles northeast of the initial producing
well drilled by TriAxon on a contiguous lease block owned by Ryland. Ryland,
through its wholly owned subsidiary Pebble Petroleum Inc., is a party to three
farm-out agreements with TriAxon under which TriAxon was granted the right to
farm in to a total of 81 1/4 sections of Pebble's properties in the Flat Lake
area. TriAxon's earn-in rights are restricted to the Bakken Formation only.
TriAxon is an established and successful operator in the Bakken Formation in
southeast Saskatchewan with a focus on developing low permeability reservoirs
with horizontal, multi-stage fracture stimulated wells.


Ryland also announces that, with its financial advisor and agent GMP Securities
LP, it is continuing to pursue and review various corporate strategies, which
may include a sale or merger of the Company, an asset sale, or a teaming
agreement with one or more industry partners. Ryland has agreed to pay GMP a
success fee on the closing of any transaction, calculated as a percentage of the
transaction's value.


RYLAND OIL CORPORATION

Gerald J. Shields, President

Issued and Outstanding: 193,576,106

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