RIPPER OIL AND GAS INC. DECLARES A DIVIDEND

TSX VENTURE STOCK SYMBOL: RIP

CALGARY, Nov. 1 /CNW/ - The directors of Ripper Oil and Gas Inc ("TSXV - RIP") have declared a dividend per Common Share of Ripper. The dividend is an eligible dividend. Payment on November 15, 2010, to shareholders of record on November 10, 2010.

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