RRL Resolute Resources Ltd

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Relentless Resources Ltd. (TSX VENTURE:RRL) ("Relentless" or "the Company") is
pleased to announce the appointment of Mr. Ronald J. Peshke as President, and as
a member of the Company's board of directors (the "Board"), effective
immediately. Mr. Daniel T. Wilson, the outgoing President, will remain heavily
involved with the Company as Chief Executive Officer and Chairman of the Board.
The Board would like to thank Mr. Wilson for his service as President guiding
the Company through a challenging economic period in the Canadian oil and gas
sector, and is looking forward to Mr. Wilson's continued contributions as CEO
and Chairman of the Board. Mr. Peshke will also be filling the Board vacancy
resulting from the retirement of Mr. Thomas W. Robinson from the Board. Mr.
Robinson, who also resigned as Corporate Secretary, is one of the founders and
original Board members of the Company. Mr. Leigh Stewart has been appointed
Corporate Secretary to replace Mr. Robinson. Mr. Robinson's industry experience
and insight will be missed both by management and the Board, whom wish Mr.
Robinson well in his retirement. 


Mr. Peshke has 15 years of oil & gas industry experience, primarily in
production and exploitation engineering, with various Calgary-based public and
private oil and gas companies operating throughout Western Canada, including
most recently as Chief Operating Officer of Alexander Energy Ltd. Mr. Peshke
earned a Bachelor of Science (Chemical Engineering) at the University of
Calgary.


The Company is also pleased to announce the appointment of Mr. Hugh M. Thomson
as Vice-President, Finance, and CFO, also effective immediately. Mr. Thomson
replaces Mr. Pradeep Nathwani, whom the management and Board wishes to thank for
his services to the Company. It is expected that Mr. Nathwani will continue to
provide consultancy services to the Company to assist in the transition
resulting from the appointment of Mr. Thomson. Mr. Thomson, one of the founders
of Relentless, previously served the Company in a variety of offices, including
as President, CFO and as a member of the Board. Mr. Thomson re-joins Relentless
after a 3-year tenure as CFO of Alexander Energy Ltd., and will oversee all
treasury and financial reporting matters of Relentless. Mr. Thomson is a
Chartered Accountant with over 20 years of experience in the Alberta oil and gas
industry.


The addition of Messrs. Peshke and Thomson to the Relentless management team,
and the addition of Mr. Peshke to the Board, together with existing Board
members William C. Macdonald and Daniel T. Wilson, re-unites the key
ex-management team of Alexander Energy Ltd., which was recapitalized in December
2013.


Relentless also intends to proceed with a non-brokered private placement of up
to 4,285,714 units ("Units"), at a price of $0.105 per Unit for gross proceeds
of $450,000 ("Private Placement"). Each Unit shall be comprised of one common
share of the Company ("Common Share") and one-half of one Common Share purchase
warrant (a "Warrant"). Each whole Warrant will entitle the holder to purchase
one Common Share at a price of $0.14 for a period of five years. The Warrants
will vest and become exercisable as to one-third upon the 20-day weighted
average trading price of the Common Shares (the "Market Price") equaling or
exceeding $0.20, an additional one-third upon the Market Price equaling or
exceeding $0.25 and a final one-third upon the Market Price equaling or
exceeding $0.30.


It is anticipated that Messrs. Peshke and Thomson will subscribe for $300,000
and $150,000, respectively, of the Private Placement. Proceeds from the Private
Placement will be for general corporate purposes. The Common Shares and Warrants
(including the Common Shares issuable upon exercise of the Warrants) issued on
the Private Placement will be subject to a four month plus one day hold period
from the date of closing. There are no finder's fees associated with the Private
Placement. Closing of the Private Placement is subject to receipt of the
requisite approvals of the TSX Venture Exchange.


The Company also announces that its Board has approved the granting of stock
options to acquire an aggregate of 240,000 Common Shares of the Company to the
new executive officers of the Company. The immediately vesting stock options
were granted in accordance with the Company's stock option plan and are
exercisable for a period of five (5) years from the grant date at an exercise
price of $0.14 per share. The stock options (including the Common Shares
issuable thereunder) are subject to a four month plus one day hold period
expiring June 4, 2014, in accordance with applicable securities laws. The stock
option grants are subject to receipt of final approval from the TSX Venture
Exchange.


About Relentless Resources Ltd.

Relentless is a Calgary based emerging oil and natural gas company, engaged in
the exploration, development, acquisition and production of natural gas and
light gravity crude oil reserves in Alberta. Relentless' common shares trade on
the TSX Venture Exchange under the symbol RRL.


Relentless' primary corporate objective is to achieve non-dilutive growth and
enhance shareholder value through internal prospect development, strategic
production acquisitions and prudent financial management.


For further information regarding this Press Release, or if you are a
shareholder of Relentless, and you desire to obtain and execute the written
consent in connection with the Transaction, please see the contact information
below.


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.


Reader Advisory

This news release may include forward-looking statements including opinions,
assumptions, estimates, and, more particularly, statements concerning the
completion of the Private Placement, the number of securities issued by way of
the Private Placement, or the use of proceeds following completion of the
Private Placement.


When used in this document, the words "will," "anticipate," "believe,"
"estimate," "expect," "intent," "may," "project," "should," and similar
expressions are intended to be among the statements that identify
forward-looking statements. The forward-looking statements are founded on the
basis of expectations and assumptions made by the Company which include, but are
not limited to, the timing of the receipt of regulatory and third party
approvals, the future operations of, and transactions completed by the Company
as well as the satisfaction of other conditions pertaining to the completion of
the Private Placement.


Forward-looking statements are subject to a wide range of risks and
uncertainties, and although the Company believes that the expectations
represented by such forward-looking statements are reasonable, there can be no
assurance that such expectations will be realized.


Except as required by applicable laws, the Company does not undertake any
obligation to publicly update or revise any forward-looking statements.


This press release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities described herein. The securities have not
been and will not be registered under the United States Securities Act of 1933,
as amended (the "U.S. Securities Act"), or any state securities laws and may not
be offered or sold within the United States or to United States Persons unless
registered under the U.S. Securities Act and applicable state securities laws or
an exemption from such registration is available.


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAWS.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ron Peshke, President
Relentless Resources Ltd.
Phone: (403) 532 - 4466 ext. 223
Mobile: (403) 852 - 3403
(403) 303 - 2503 (FAX)
rpeshke@relentless-resources.com
www.relentless-resources.com


Dan Wilson, CEO
Relentless Resources Ltd.
Phone: (403) 532 - 4466 ext. 227
Mobile: (403) 874 - 9862
(403) 303 - 2503 (FAX)
dwilson@relentless-resources.com
www.relentless-resources.com

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