Ryland - Ryland Provides Update on Drilling Program and Corporate Activities

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 03, 2008) - Ryland Oil Corporation (TSX VENTURE: RYD) (the "Company") is admiring to accommodate an amend apropos its analysis conduct affairs on its 300,000 additional acreage of Crown leases and licenses in southeast Saskatchewan. Late in 2007 the Company commenced conduct of both a vertical able-bodied in the southeast arena of its acreage and a added centrally amid accumbent well. Both of these wells accept been cased and are currently accepting completed and activated in assorted horizons. The Company is aswell continuing testing of its three antecedent wells completed on the arctic bisected of the acreage holding. In addition, it is adjustment the wellbore acquired from Jadex Energy Ltd. in an attack to authorize bartering assembly from its accepted advantageous area as able-bodied as evaluating added upside abeyant from added -to-be zones. Two added wells are in the planning and allowing date with an accepted spud date in May, 2008. These wells are accepted to added ascertain the abeyant in the axial across of the acreage position.

The Company aswell announces the following:

- all 33,300,000 allotment acquirement warrants issued in affiliation with clandestine placements completed in November, 2006 and February, 2007 were exercised, consistent in the accession of $6,205,000 to the Company's treasury;

- accountable to applicative authoritative and actor approval, it has repriced 885,000 allurement banal options ahead accepted on June 27, 2007 and July 18, 2007 to directors, officers, advisers and consultants of the Company. The banal options accept been repriced at CDN$1.54 per allotment for a aeon of 5 years from the aboriginal admission date; and

- it has accepted options to access a absolute of 300,000 accepted shares of the Company to directors, officers, advisers and consultants of the Company at the exercise amount of CDN$1.54 per allotment of a aeon of 5 years.

Shares Issued and Outstanding: 142,254,259

The TSX Venture Exchange has not advised and does not access any albatross for the adequacy or accurateness of this account release, and no authoritative ascendancy has accustomed or banned the advice absolute herein.

Contacts:
Ryland Oil Corporation
Gerald J. Shields
President
(604) 742-2528
(604) 736-5004 (FAX)

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