Nevada King Gold CorpTSXV: NKG

Ripper oil and gas inc. declares a dividend

· Issued by Nevada King Gold Corp via CNW

Nov. 1, 2010 (Canada NewsWire Group) --

TSX VENTURE STOCK SYMBOL: RIP

CALGARY, Nov. 1 /CNW/ - The directors of Ripper Oil and Gas Inc ("TSXV - RIP") have declared a dividend of $.40 per Common Share of Ripper. The dividend is an eligible dividend. Payment will be paid prior to November 30, 2010, to shareholders of record on November 8, 2010

The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.

%SEDAR: 00015775E

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