Ryland Oil Closes Royalty Purchase From Fairway Exploration LLC

  Ryland Oil Corporation ("Ryland") (TSX VENTURE: RYD) announces that it has closed the purchase of a 3% gross overriding royalty from Fairway Exploration LLC ("Fairway") on production from all petroleum and natural gas leasehold acreage held by Ryland's wholly owned subsidiary, Pebble Petroleum Inc. ("Pebble"), in southeastern Saskatchewan. In consideration for the royalty acquisition, Ryland has paid Fairway US$1.2 million in cash and has issued to Fairway 1,200,000 Ryland common shares. The shares issued to Fairway are subject to a four month hold period. This royalty acquisition has been approved by the TSX Venture Exchange.

Gerald J. Shields, President

Issued and Outstanding: 201,673,418

Neither 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.

Contacts: Ryland Oil Corporation Mr. Jim Welykochy Vice-President Corporate Development 403.861.1242