Ranger Energy Ltd. Closes Rights Offering

Ranger Energy Ltd. ("Ranger" or the "Corporation") (TSX VENTURE:RGG.H) is
pleased to announce today that it has completed its previously announced rights
offering (the "Rights Offering"). At closing, Ranger issued 5,302,362 common
shares of Ranger at a price of $0.10 per share for gross proceeds of $530,236.
The Rights Offering was fully subscribed for and the common shares were issued
to persons who exercised rights issued under the Rights Offering as described in
the rights offering circular of the Corporation dated December 11, 2009. The
Corporation intends to use the proceeds of the Rights Offering to fund general
working capital and capital expenditures of the Corporation. 


The Corporation has begun to evaluate international resource opportunities.

These securities have not been and will not be registered under the United
States Securities Act of 1933, as amended, or the securities laws of any state,
and may not be offered or sold in the United States unless an exemption from
registration is available. This press release does not constitute an offer to
sell or the solicitation of an offer to buy these securities in the United
States.