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Open Range Energy Corp.
TSX:	ONR

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November 16, 2009
Open Range Energy Corp. Announces Closing of Previously Announced Strategic Working-Interest Acquisition
CALGARY, ALBERTA--(Marketwire - Nov. 16, 2009) - Open Range Energy Corp. ("Open Range" or the "Company") (TSX:ONR) is pleased to announce it has completed the acquisition of a working-interest partner's position in the Company-operated Ansell/Sundance property in west central Alberta (the "Acquisition"), as detailed in the Company's October 13, 2009 press releases. Consideration for the Acquisition was a cash payment of $60 million which was funded primarily from the proceeds of the Company's bought-deal subscription receipt financing completed on November 3, 2009. Cormark Securities Inc. acted as financial advisor to Open Range with respect to the Acquisition. In connection with the Acquisition, the Company's shareholders today approved the issue of 31,350,000 common shares underlying the previously issued subscription receipts. The subscription receipts have now been automatically converted into common shares. As Open Range obtained receipt for a final prospectus on November 4, 2009, these common shares are not subject to a hold period. Open Range will be reporting its third quarter results, providing an operational outlook and announcing its first-half 2010 guidance later today. OPEN RANGE ENERGY CORP. IS A PUBLICLY TRADED CANADIAN ENERGY COMPANY WITH FOCUSED OPERATIONS IN THE DEEP BASIN REGION OF ALBERTA. OPEN RANGE HAS APPROXIMATELY 60.9 MILLION COMMON SHARES ISSUED AND OUTSTANDING, WHICH TRADE ON THE TSX UNDER THE SYMBOL "ONR". THE TORONTO STOCK EXCHANGE HAS NEITHER APPROVED NOR DISAPPROVED OF THE INFORMATION CONTAINED HEREIN.

CONTACT INFORMATION:

Open Range Energy Corp.
A. Scott Dawson, P.Eng.
President and Chief Executive Officer
(403) 205-3704

or

Open Range Energy Corp.
Lyle D. Michaluk, CA
Vice President, Finance and Chief Financial Officer
(403) 262-9280
www.openrangeenergy.com

INDUSTRY: Energy and Utilities - Oil and Gas

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Open Range Energy Corp


	CODE : ONR.TO

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Open Range is a and oil exploration company based in Canada.

Open Range is listed in Canada and in United States of America. Its market capitalisation is CA$ 115.8 millions as of today (US$ 117.1 millions, € 95.0 millions).

Its stock quote reached its lowest recent point on February 27, 2009 at CA$ 0.09, and its highest recent level on September 30, 2011 at CA$ 9.71.

Open Range has 74 720 000 shares outstanding.

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Open Range Energy Corp

=2E Announces Closingof Previously Announced Strategic Working-Intere

Open Range Energy Corp