Royalite Acquires Working Interest in Westlake Boudreaux Field, Louisiana

  
    
  
  
    
      Royalite Petroleum Company Inc. (OTCBB: RYPE) (“Royalite”) 
      is pleased to announce that it has acquired a 27.5% working interest 
      (19.8% net revenue interest) in oil and gas leases totaling 698.62 acres 
      in the Westlake Boudreaux Field located in Terrebonne Parish, Louisiana 
      shallow state waters. The first well is expected to be drilled during 
      the last quarter of 2008. The well will be drilled to a depth of 13,900 
      feet to test the Tex. W-1, Tex. W.B, and Tex W-2 sands which are 
      productive in other wells in the field.
    
    
      Royalite has paid $163,625 for its portion of the leasing, geological 
      and geophysical costs.
    
    
      The well is projected to cost $6,453,300 to drill and complete with 
      Royalite’s portion estimated at $1,774,657.
    
    
      Since this is located in a producing gas field a gas pipeline connection 
      is nearby. The well, if successful, can be connected within a few days 
      of completion.
    
    
      Forward-Looking Statements
    
    
      This Press Release may contain, in addition to historical 
      information, forward-looking statements within the meaning of Section 
      27A of the Securities Act of 1933, as amended, and Section 21E of the 
      Securities Exchange Act of 1934, as amended. Statements in this news 
      release that are forward-looking statements are subject to various risks 
      and uncertainties concerning the specific factors disclosed under the 
      heading “Risk Factors” 
      and elsewhere in Royalite’s periodic filings 
      with the U.S. Securities and Exchange Commission. When used in this news 
      release, the words such as “could,” 
      “plan,” “estimate,” 
      “believe,” “expect,” 
      “intend,” “may,” 
      “potential,” “should,” 
      and similar expressions, are forward-looking statements. The risk 
      factors that could cause actual results to differ from these 
      forward-looking statements include, but are not restricted to 
      uncertainties about the availability of additional financing, geological 
      or mechanical difficulties affecting geological work programs, 
      uncertainty of estimates, operational risk, environmental risk, 
      financial risk, currency risk, dependence on third parties and other 
      statements that are not historical facts as disclosed under the heading “Risk 
      Factors” and elsewhere in Royalite’s 
      periodic filings with securities regulators in the United States. In 
      particular, Royalite will require additional funding to complete its 
      obligations on the proposed well, together with its other business 
      objectives. There is no assurance that Royalite will obtain 
      additional funding or that the well will be drilled and completed when 
      expected or achieve commercial production.