Ranger Energy Ltd. (the "Corporation") (TSX VENTURE: RGG) announces that the
Corporation has closed the transaction to dispose of all of the issued and
outstanding securities of March South America Holdings Ltd. ("March South
America"). The details of this disposition were previously announced by the
Corporation on July 2, 2009. March South America was a wholly owned subsidiary
of the Corporation, which held the Special Operations Contracts with the Chilean
government for the exploration of the Pica North and Pica South blocks in
Northern Chile. 


The transaction requires final TSX Venture Exchange acceptance. Upon completion
of the transaction, trading of the stock in the Corporation may be moved to the
NEX board of the TSX-Venture Exchange.


The Corporation has begun to evaluate international resource opportunities.

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