Relentless Resources Ltd (TSXV:RRL) is seeking acquisitions. Relentless Resources said that management will continue to enhance shareholder value by remaining receptive to possible business combinations, reducing the cost structure where possible and looking for new opportunities to build production and cash flow. In this regard, it has been evaluating a plethora of acquisition opportunities.

Relentless Resources Ltd. announced that BDO Canada LLP (the 'former auditor) has resigned as the company's auditor at the request of the company and, effective January 17, 2013, it appointed MNP LLP as its auditor. There were no reservations in the former auditor's reports for the two most recently-completed fiscal years and ending on the date of the former auditor's resignation. The resignation of the former auditor as auditor of the company has been approved by the company's audit committee and its board of directors.

Relentless Resources Ltd. announced that it has entered into a farmout agreement in respect of certain Loverna lands in south-west Saskatchewan, to an active industry operator. Under the terms of the farmout, the operator has agreed to participate in the drilling of two Viking horizontal wells on a 70/30 basis with the company. Upon completion of the drilling of the two wells, the operator will have earned a 49% working interest in the wells, a 49% working interest in the undrilled spacing units in one section and will receive an option to drill a third well to earn additional lands. Relentless' 30% participation under the farmout will allow it to retain a 51% working interest in the lands. The company expects these two wells to be drilled and completed in the first quarter of 2013.