Ripper Oil and Gas Inc. refiles First Quarter Financial Statements with Additional IFRS Disclosure NEX BOARD OF THE TSX VENTURE EXHANGE STOCK SYMBOL: RIP.H

CALGARY, Nov. 3 /CNW/ - Ripper Oil and Gas Inc. (TSX: RIP.H) ("Ripper" or the "Corporation") announced today that it has revised and refiled its unaudited interim financial statements for the three months ended June 30, 2011, to include additional disclosures as required under International Financial Reporting Standards. The additional disclosures, as compared to the interim financial statements that were filed on September 28, 2011, are to the condensed interim statement of changes in equity at June 30, 2010, and the equity reconciliation at June 30, 2010. The changes do not impact the condensed interim statements of financial position, the condensed interim statements of income and comprehensive income, or the condensed interim statements of cash flows. The revised Interim Financial Report has been refiled on SEDAR at www.sedar.com.

The NEX Board of the TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

%SEDAR: 00015775E

For further information:

Mr. R.G. (Jerry) Ball, President and Chief Executive Officer

at (403) 662-2020

RIPPER OIL AND GAS INC.

Suite 2800, 715 - 5 Avenue S.W.

Calgary, Alberta T2P 2X6

CO: Ripper Oil and Gas Inc.

CNW 16:14e 03-NOV-11