Ripper Shareholders Vote in Favour of Change of Control

RIPPER OIL AND GAS INC.

Suite 1620, 609 Granville Street Vancouver, BC V7Y 1C3 Telephone: 1-866-824-8938

NEWS RELEASE

RIPPER SHAREHOLDERS VOTE IN FAVOUR OF CHANGE OF CONTROL

Vancouver, BC, Canada – May 25, 2012 – Ripper Oil and Gas Inc. (the “Company”) (TSX‐V: RIP.H) is pleased to announce the results of its Special Meeting of Shareholders that was held on May 25, 2012. Shareholders of the Company have approved the change of control that is occurring as a result of the $600,000 financing (the "Financing") that closed on April 20, 2012. In addition, the shareholders approved the proposed continuance of the Company (the "Continuation"), which is currently governed by the Alberta Business Corporations Act, into British Columbia under the Business Corporations Act (British Columbia). The Continuation will take effect as of today.

The Company will complete the consolidation (the "Consolidation") of its shares on a 8 for 1 basis, effective at the open of market on May 29, 2012. The Company currently has 20,850,409 common shares issued and outstanding. On completion of the Consolidation, the subscription receipts relating to the Financing will automatically convert into 10,000,000 units (the "Units") of the Company, and the subscription funds will be released from escrow. Each Unit will consist of one post‐Consolidation common share and one share purchase warrant. Each share purchase warrant will be exercisable for one additional post‐Consolidation common share at a price of $0.10 per common share until May 29, 2013. The securities have a hold period expiring on August 21, 2012. At the open of the market on May 29, 2012, the Company will have approximately 12,606,301 post Consolidation common shares issued and outstanding. The Company will not change its name as part of the Consolidation, but will issue new share certificates under a new CUSIP number, which is 767557200. The post‐Consolidation common shares of the Company will trade on the NEX Board of the TSX Venture Exchange effective at the open of market on May 29, 2012, under the new trading symbol RYP.H.

Registered shareholders will receive a letter of transmittal from Alliance Trust Company, the Company's transfer agent, with information on how to replace their old share certificates with the new share certificates. Brokerage firms will handle the replacement of share certificates on behalf of their shareholders accounts.

The proceeds of the Financing, once released from escrow, will be used to settle current indebtedness and for working capital purposes.

For more information, contact Scott Ackerman at (778) 331‐8505

On Behalf of the Board of Directors of

RIPPER OIL AND GAS INC.

Scott Ackerman President and CEO

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.

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, "forward‐looking statements". Forward‐looking statements may be identified by words including "anticipates", "believes", "intends", "estimates", "expects" and similar expressions. The Company cautions readers that forward‐looking statements, including without limitation those relating to the Company's future

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operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward‐looking statements.