RRL Resolute Resources Ltd

Relentless Resources Ltd. (TSX VENTURE:RRL) ("Relentless" or "the Company")
announced today that its nominee, 1819113 Alberta Ltd. ("1819113" or "the
Nominee" ) has completed a purchase of approximately 127 boe/d of conventional
producing P&NG assets from a private company for $3 million in cash, subject to
industry standard closing adjustments. 1819113 is wholly owned by certain
directors and officers of Relentless. 


The Nominee funded the purchase with bank financing and loans from its directors
and officers. The loans will be payable on demand and bear interest at the
annual rate of 3%. 


Relentless has the exclusive right to acquire the assets from Nominee or its
common shares and loans payable for $3 million. 


Completion of the proposed transaction by Relentless is subject to a number of
conditions including, without limitation, approval of the TSX Venture Exchange
("TSXV") by August 31, 2014. Relentless will either acquire the assets from the
Nominee or amalgamate with the Nominee upon receipt of TSXV approval.
Requirements for TSX Approval may include approval of the transactions at a
shareholder meeting of Relentless.


The assets to be acquired are located in the Peace River Arch area of Alberta,
and are comprised of production of approximately 64% natural gas and 36% light
oil and natural gas liquids (based on conversion ratio of 6 mcf = 1 bbl). For
the year ended December 31, 2013 the assets produced 46 bbl/day of oil and NGL's
and 486 mcf/day of natural gas (127 boe/day). The majority of the production is
operated with high working interests. The assets include a total net land base
of approximately 5,000 acres (8 sections), and significant oil and gas gathering
and processing infrastructure. 


The insider loans could be a "related party transaction" to Relentless under
Multilateral Instrument 61-101 and TSX Venture Policy 5.9 (the "Policies") due
to the fact that the directors of Nominee are also officers and / or directors
of Relentless. 


The Corporation has determined that there are exemptions available from certain
requirements of the Policies for the insider loans: 


Exemptions from formal Valuation Requirements - Issuer Not Listed on Specified
Markets; and Distribution of Securities for Cash. 


Exemptions from Minority Approval Requirements - Loan to Issuer, No Equity or
Voting Component. 


Neither the Corporation, nor to the knowledge of the Corporation after
reasonable inquiry, the insiders, have knowledge of any material information
concerning the issuer or its securities, that has not been generally disclosed.


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's common shares trade on
the TSX Venture Exchange under the symbol RRL.


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


Forward-Looking Statements: All statements, other than statements of historical
fact, set forth in this news release, including without limitation, assumptions
and statements regarding the volumes and estimated value of the Company's proved
and probable reserves, future production rates, exploration and development
results, financial results, and future plans, operations and objectives of the
Company are forward-looking statements that involve substantial known and
unknown risks and uncertainties. Some of these risks and uncertainties are
beyond management's control, including but not limited to, the impact of general
economic conditions, industry conditions, fluctuation of commodity prices,
fluctuation of foreign exchange rates, environmental risks, industry
competition, availability of qualified personnel and management, availability of
materials, equipment and third party services, stock market volatility, timely
and cost effective access to sufficient capital from internal and external
sources. The reader is cautioned that assumptions used in the preparation of
such information, although considered reasonable by the Company at the time of
preparation, may prove to be incorrect. There can be no assurance that such
statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. 


These assumptions and statements necessarily involve known and unknown risks and
uncertainties inherent in the oil and gas industry such as geological,
technical, drilling and processing problems and other risks and uncertainties,
as well as the business risks discussed in Management's Discussion and Analysis
of the Company under the heading "Business Risks". The Company does not
undertake any obligation, except as required by applicable securities
legislation, to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise. 


Barrels of oil equivalent (boe) is calculated using the conversion factor of 6
mcf (thousand cubic feet) of natural gas being equivalent to one barrel of oil.
Boes may be misleading, particularly if used in isolation. A boe conversion
ratio of 6 mcf:1 bbl (barrel) is based on an energy equivalency conversion
method primarily applicable at the burner tip and does not represent a value
equivalency at the wellhead. Given that the value ratio based on the current
price of crude oil as compared to natural gas is significantly different from
the energy equivalency of 6:1, utilizing a conversion on a 6:1 basis may be
misleading as an indication of value.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Relentless Resources Ltd.
Dan Wilson
CEO
(403) 532 - 4466 ext. 227 / Mobile: (403) 874 - 9862
(403) 303 - 2503 (FAX)
info@relentless-resources.com
www.relentless-resources.com

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