RockBridge Energy Inc.
TSX VENTURE : RBE

RockBridge Energy Inc.

October 08, 2009 14:39 ET

RockBridge Agrees to Acquire Mining Exploration Company

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 8, 2009) - RockBridge Energy Inc. (TSX VENTURE:RBE) has made an agreement with the arm's length shareholders of a BC private company to acquire 100% of the shares of the private company in consideration of 7,999,600 shares of RockBridge and a cash payment of $50,000. The private company is in the mining exploration business. Completion of the transaction is subject to the parties signing a formal agreement, completion of due diligence, regulatory approval and other customary terms and conditions. A finder's fee payble in RockBridge shares will be paid to an arm's length party on completing the transaction.

RockBridge is proceeding with a non-brokered private placement of up to 5,000,000 units at $0.08 each, for gross proceds of $400,000, with each unit consisting of one share and one warrant exercisable at $0.12 for five years. Finders' fees may be paid.

Stock options for 600,000 shares previously granted to directors of RockBridge have been surrendered and cancelled and options for 800,000 shares exercisable at $0.10 per share for five years have been granted to a consultant. The options, in accordance with the RockBridge stock option plan, vest over eighteen months and shares issued on exercise are subject to a hold period ending February 9, 2010.

ON BEHALF OF THE BOARD

ROCKBRIDGE ENERGY INC.

Gary Mathiesen, President and CEO

This news release may include statements about expected further events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. RockBridge cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what RockBridge currently foresees. Discussion on the various factors that may affect future results is contained in RockBridge's recent filings, available on SEDAR.

Neither the TSX Venture Exchange Inc. nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange Inc.) accepts responsisibility for the adequacy or accuracy of this press release.

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