FrontFour Capital Group LLC ("FrontFour"), a concerned shareholder of Renegade
Petroleum Ltd. ("Renegade" or the "Company"), urges fellow Renegade shareholders
to use their GREEN proxy to vote FOR the FrontFour director nominees and to put
an end to the incumbent boards continued mismanagement and value destruction.


There Is Significant Risk To Shareholder Value As The Current Board Continues To
Exhibit:




--  Poor Alignment of Interests; 
--  Weak Financial Controls; 
--  Lack of Accountability; 
--  No Human Resources Strategy; 
--  Poor Business Judgment; 
--  Conflicts of Interest; and Inappropriate Governance Actions Regarding
    the Make-up and Size of the Board and Poor Alignment of Current Board
    Interests with Shareholders' Interests. 



"Every vote is important in determining the future of your Company," said
Zachary George, "We remain confident that our nominees have the wherewithal,
experience, and the capacity to increase shareholder value for ALL shareholders.
The Tom Budd led board has failed to deliver any meaningful value and clearly
lacks the ability to move the Company forward. The time for change is now."


FrontFour Implores Shareholders To Not Ignore The Facts



1.  The vast majority of shareholders have lost a significant amount of
    their initial investment. 
    
2.  Institutional Shareholder Services ("ISS") and Glass, Lewis & Co., LLC
    ("Glass Lewis") have both recommended that shareholders vote on
    FrontFour's GREEN proxy. 
    
3.  Last week, National Bank Financial, Raymond James, and Paradigm Capital
    all lowered their price targets for Renegade on the back of the
    Company's decision to sell $109 million of Renegade's assets to Surge
    Energy Inc. 



For more information or assistance in voting your GREEN proxy, please visit
www.saverenegade.com or contact CST Phoenix Advisors toll-free at 1-866-822-1237
or by email at inquiries@phoenixadvisorscst.com.


Time Is Short - Shareholders Need To Act Now By Voting Their GREEN Proxy

Regardless of how many Renegade shares you own, it is imperative you vote your
GREEN proxy to put an end to the current board's track record of strategic
missteps, weak financial controls, and poor governance.


Even if shareholders have already voted using management's form of proxy,
shareholders can still change their vote by voting the GREEN proxy, as only the
latest dated proxy will be counted at the meeting. FrontFour encourages
shareholders to visit the www.saverenegade.com website and vote the 12-digit
control number found on your GREEN proxy FOR FrontFour, no later than 5:00 p.m.
(Calgary time) on January 23rd, 2014.


For more information or assistance in voting your GREEN proxy, contact CST
Phoenix Advisors toll-free at 1-866-822-1237 or by email at
inquiries@phoenixadvisorscst.com.


About FrontFour Capital Group LLC

Founded in 2006, FrontFour is an investment management company with offices in
Greenwich, Connecticut and Toronto, Ontario.


Notice To United States Shareholders

This solicitation of proxies is not subject to the requirements of Section 14(a)
of the United States Securities Exchange Act of 1934, as amended (the "U.S.
Exchange Act"). Accordingly, this solicitation is made in the United States with
respect to securities of Renegade in accordance with Canadian corporate and
securities laws and this press release has been prepared in accordance with
disclosure requirements in Canada. Shareholders in the United States should be
aware that these Canadian requirements are different from the requirements
applicable to proxy statements under the U.S. Exchange Act.


Forward-Looking Statements And Information

Certain statements contained in, attached to or incorporated by reference in
this press release, constitute forward-looking statements. The words "may",
"would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate",
"expect" and similar expressions as they relate to Renegade or FrontFour are
intended to identify forward-looking statements. Such statements reflect
FrontFour's current views and intentions with respect to future events as well
as assumptions made by and information currently available to FrontFour, and are
subject to certain risks and uncertainties. Although FrontFour considers these
assumptions to be reasonable based on the information currently available to it,
many factors could cause the actual results, performance, actions or
achievements of Renegade or others that may be expressed or implied by such
forward-looking statements to materially differ from those described herein
should one or more of these risks or uncertainties materialize. Such factors
include, but are not limited to, economic, business, competitive and regulatory
factors. Readers are cautioned not to place undue reliance on forward-looking
statements. The forward-looking statements contained herein are expressly
qualified by this cautionary statement and are made as of the date of this press
release. Except as expressly required by law, FrontFour does not intend, and
disclaims any intention or obligation to, update or revise any forward-looking
statements, whether as a result of new information, future events or otherwise.


FOR FURTHER INFORMATION PLEASE CONTACT: 
CST Phoenix Advisors
Toll Free: 1-866-822-1237
inquiries@phoenixadvisorscst.com
www.saveRenegade.com
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