RIPPER OIL AND GAS INC. CANCELS 445,000 STOCK OPTIONS

TSX VENTURE STOCK SYMBOL: RIP

CALGARY, Nov. 9 /CNW/ - Ripper Oil and Gas Inc. ("TSXV - RIP") announces that it has cancelled 445,000 options to acquire common shares, which were voluntarily surrendered by directors, management and consultants of Ripper.  There are now no outstanding options to purchase common shares of Ripper.

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,
Ripper Oil and Gas Inc., Telephone (403) 662 - 2020, Fax (403) 662 - 2029

RIPPER OIL AND GAS INC.
Suite 1150, 606 - 4 Street S.W.
Calgary, Alberta
T2P 1T1