Ryland Oil Closes Royalty Purchase From Fairway Exploration LLC
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 13, 2010) - 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
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