Bridge Resources Corp.

Bridge Resources Corp.

November 04, 2011 13:00 ET

Bridge Resources Corp. Hires Meagher Energy Advisors

CALGARY, ALBERTA--(Marketwire - Nov. 4, 2011) - Bridge Resources Corp. ("Bridge")(TSX VENTURE:BUK), together with its joint venture partner Paramax Resources Ltd. (TSX VENTURE:PXM), have retained Meagher Energy Advisors, a US based company specializing in transactional advisory services, to review strategic alternatives in regard to their Western Idaho Basin project. This joint process involves their combined 100% interests in the Willow and Hamilton development projects. The process is being undertaken with the support of Bridge's Senior Lenders.

The Western Idaho Project consists of two development areas, Willow and Hamilton. Both areas have had initial drilling work completed and have reserves assigned to them. These two fields were discovered in 2010 and appraised by six additional wells. Willow and Hamilton are the first commercial discoveries of oil and gas in the State of Idaho. The majority of the State and County permits have been acquired, including a Conditional Use Permit for a 13 acre site adjacent to the Williams pipeline where a compression and dehydration facility will be located.

Bridge will provide more information in regard to this process as it becomes available.

Statements in this press release may contain forward-looking information. While management believes that the expectations and assumptions underlying such forward-looking information are accurate, the reader is cautioned that the expectations and assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Bridge. These risks include, but are not limited to: general risks associated with the oil and gas industry and the exploration, development and production of oil and natural gas; and risks associated with changes in commodity prices and exchange rates. Industry related risks could include, but are not limited to, operational risks in development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, or reservoir performance, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.

Neither 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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