Rage Energy Announces 2008 Second Quarter Financial Results

    CALGARY, Aug. 29 /CNW/ - Rage Energy Ltd. (TSX VENTURE:RAG - News; "Rage"
or the "Company") today announces that it has filed its unaudited financial
statements and management's discussion and analysis for the three month period
ended June 30, 2008. Copies of the foregoing documents are available on SEDAR
at www.sedar.com.

    This press release contains statements about future events that are
forward looking in nature and, as a result, are subject to certain risks and
uncertainties such as changes in plans or the occurrence of unexpected events.
Actual results may differ from the estimates provided by management. The
Company does not undertake any obligation to publicly update or revise any
forward-looking statements.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.

For further information:

For further information: Nick Topolnyski, Rage Energy Ltd., President &
CEO, (403) 690-7244

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