Ryland Oil Announces New Farm-Out Agreement With Crescent Point Energy Corp.

Ryland Oil Corporation (TSX VENTURE:RYD) announces that its wholly owned
subsidiary Pebble Petroleum Inc. ("Pebble") has entered into a new farm-out
agreement with Crescent Point Energy Corp. ("Crescent Point"). Under the
agreement, Crescent Point has agreed to spud a test well by June 30, 2010,
subject to rig availability, surface access and regulatory approval, at a
location of its choice on a three-section lease in the Flat Lake area of
southeast Saskatchewan acquired by Pebble in November of 2009. The test well,
which has been licensed, will be a horizontal well which will test the Bakken
formation. Crescent Point must pay 100% of the costs to drill, complete and
equip or abandon the test well to earn a 50% working interest in the three
sections comprising the lease as well an additional 11 net sections of Ryland
leasehold acreage. If any wells are subsequently drilled on acreage in which
Crescent Point has earned its 50% working interest, each of Pebble and Crescent
Point will be responsible for payment of 50% of the costs of such wells and hold
a 50% working interest, subject to the provisions of the operating agreement
between the parties. Crescent Point will be the operator of the test well and
the initial operator of all post-earning wells.


This is the fourth farm-out agreement between the Company and Crescent Point,
the first three having been entered by Pebble with TriAxon Resources prior to
TriAxon's acquisition by Crescent Point. Under the other agreements, Crescent
Point has the right to earn a 50% working interest in and to a total of
approximately 81 sections of Pebble acreage in the Flat Lake area by drilling a
total of 8 wells. The earn-in under those agreements is limited to the Bakken
formation only. Drilling is ongoing.


RYLAND OIL CORPORATION

Gerald J. Shields, President

Issued and Outstanding: 198,327,535