Bridge Resources Corp.
TSX VENTURE : BUK

Bridge Resources Corp.

February 29, 2012 15:14 ET

Bridge Resources Corp. Announces the Filing of Its Interim Financial Statements and MD&A and Postpones Its Annual and Special Meeting

CALGARY, ALBERTA--(Marketwire - Feb. 29, 2012) - Bridge Resources Corp. (the "Corporation") (TSX VENTURE:BUK), today announces that it has filed its interim financial statements for the three and nine month period ended December 31, 2011 ("Interim Financial Statements") and related management's discussion and analysis ("MD&A"). The Interim Financial Statements and MD&A may be obtained on the Corporation's SEDAR profile at www.sedar.com.

The Corporation also announces that it has applied for and received an exemption order from the Alberta Court of Queen's bench waiving the requirement to hold the Corporation's annual general meeting within 15 months of the last annual general meeting and allowing the Corporation to hold its annual general meeting on or before June 30, 2012. The board of directors of the Corporation (the "Board") has determined it is in the best interests of the Corporation to postpone the annual and special meeting (the "Meeting") of shareholders of the Corporation which was previously scheduled for March 22, 2012. The Board continues to negotiate definitive agreements for the sale of its interests in certain of the Corporation's properties. The Corporation anticipates holding the Meeting in the very near term and will confirm a date once definitive documentation in respect of its sale process has been finalized.

Cautionary Note Regarding Forward-Looking Statements

Except for the statements of historical fact contained herein, certain information presented herein constitutes "forward-looking statements". More particularly, this press release contains statements concerning the Corporation's sale process and the timing of the Meeting. The forward-looking statements contained in this document are solely opinions and forecasts which are uncertain and subject to risks. Forward-looking statements include but are not limited to uncertainties and other factors which may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: non-performance of agreements in accordance with their terms; the impact of competition; commodity prices; regulatory environment and inability to obtain required regulatory approvals; tax laws and treatment; the ability of the Corporation to raise sufficient capital to complete future projects and satisfy future commitments; labour and material shortages; and certain other risks detailed from time to time in the Corporation's public disclosure documents which can be found at www.sedar.com. Although the Corporation has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers are cautioned that the assumption used in the preparation of the forward-looking statements, although considered reasonable at the time of preparation may prove to be imprecise and, as such undue reliance should not be placed on forward-looking statements.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Corporation disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities law. Additionally, the Corporation undertakes no obligation to comment on the expectations of, or statements made, by third parties in respect of the matters discussed above.

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

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