Ryland Oil Closes Royalty Purchase and Receives Loan Approval

Ryland Oil Corporation (TSX VENTURE:RYD) ("Ryland") is pleased to announce that
it has closed the purchase from Eternal Energy Corp. ("Eternal") of a 5% gross
overriding royalty on production from all petroleum and natural gas leasehold
acreage held by Ryland's wholly owned subsidiary, Pebble Petroleum Inc.
("Pebble"), in southeast Saskatchewan. In consideration for the royalty, Ryland
has issued to Eternal 2,145,883 common shares of Ryland at a deemed price of CDN
$0.36, and has transferred to Eternal's Canadian subsidiary, EERG Energy ULC, a
100% working interest in 4,480 acres of Crown leases located in the Hardy area
of southeast Saskatchewan. A cash payment of US$2.9 million will also be made to
Eternal by Ryland on or before June 1, 2010.


The 2,145,883 Ryland shares issued to Eternal are subject to a four month hold
period expiring on August 30, 2010. Ryland's royalty purchase from Eternal has
been approved by the TSX Venture Exchange ("TSX-V").


Ryland also announces that its wholly owned U.S. subsidiary, Rover Resources
Inc., has completed the purchase of Eternal's 10% working in approximately 700
net acres of petroleum and natural gas leases in northern North Dakota at a
price of US$1 million. Rover is the holder of the other 90% interest in and to
those leases.


Ryland has also received TSX-V approval for a loan facility of up to CDN$6.5
million. The loan has a one year term and bears interest at a rate of 10% per
annum, payable quarterly. Ryland will issue up to 3,611,111 bonus shares at a
deemed price of $0.36 per share in consideration for the loan. The bonus shares
will be issued pro rata as funds are drawn down under the loan facility. The
bonus shares will be subject to four month hold periods from the respective
dates of their issuance. The Company has drawn down US$1 million of the loan to
fund the purchase of Rover's North Dakota acreage referred to above. The loan
facility will also be used to fund the final payment of US $2.9 million due to
Eternal on June 1, 2010 on account of the royalty purchase. Ryland also intends
to use the loan facility to complete the purchase of additional 4% in gross
overriding royalties on production from Pebble's acreage previously announced.
Those acquisitions are pending.


Gerald J. Shields, President

Issued and Outstanding: 200,473,418