Rampart Ventures Inc fka RPT

[NYBob]

RPT Provides Update on Oil and Gas Exploration Activities
Monday December 8, 2008, 9:30 am EST
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 8, 2008) -

RPT Uranium Corp. -
("RPT") (TSX VENTURE:RPT - News) announces that it is currently acquiring lease acreage in the Williston Basin in North Dakota with a view to drilling and testing a number of prospective horizons. RPT has engaged Resource Ventures LLC ("Resource Ventures") as an agent to identify and assemble the North Dakota acreage on behalf of RPT. To finance the lease acquisition program, RPT entered into a loan agreement dated September 16, 2008 with Resource Ventures (the "Loan Agreement") to advance up to $2 million in funds to be used exclusively for lease acquisitions. To date, a total of $660,000 has been advanced to Resource Ventures under the Loan Agreement for lease acquisitions. The maximum consideration payable to Resource Ventures for its role as agent in acquiring the leases is $300,000. $150,000 will be paid upon completion of the lease acquisition program. An additional $150,000 will be payable out of the first $300,000 in net profit which may be derived by RPT through exploitation of the acreage. Resource Ventures is a Colorado LLC having as its sole insiders, Richard ("Dick") Findley and Steve Swanson. Mr. Findley is also a director of RPT.

On June 24, 2008, RPT announced a letter of intent with Sage Petroleum LLC ("Sage Petroleum") under which RPT and Sage Petroleum agreed to jointly acquire, finance and explore petroleum and natural gas properties in North America. To date, RPT and Sage Petroleum have reviewed a number of potential oil and gas exploration properties and projects in the Western U.S.A. but have not identified any sustainable acquisitions.

Marshall Bertram, Director

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Corporation expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at www.sedar.com for further information.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
Contact:

Marshall Bertram
RPT Uranium Corp.
[phone]

http://www.rpturanium.ca/

Marshall Bertram
RPT Uranium Corp.
[phone]

Email: [e-mail]