Ring Energy (REI) Announces Proposed Common Offering

Ring Energy, Inc. (NYSE: REI), today announced that it intends to offer and sell a combination of shares of its common stock (and/or pre-funded warrants to purchase common stock in lieu thereof) and warrants to purchase shares of its common stock in an underwritten public offering. As part of this offering, Ring Energy intends to grant the underwriters a 45-day option to purchase up to an additional fifteen percent (15%) of the shares of common stock and/or warrants offered in the public offering. Ring Energy intends to use the net proceeds from this offering for working capital and to fund other general corporate purposes. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

A.G.P./Alliance Global Partners is acting as sole book-running manager for the offering.

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