InPlay Oil Corp.

Entered a bought deal agreement with a syndicate of underwriters led by Eight Capital and ATB Capital Markets, pursuant to which the underwriters have agreed to purchase for resale to the public, on a bought deal basis, 8.3 million subscription receipts of InPlay at a price of $1.20 per receipt. Underwriters will have an option to purchase up to an additional 15% of the subscription receipts issued to cover over-allotments. Proceeds will be used to fund part of the cash portion of the company’s acquisition of Prairie Storm Resources Corp.