Bridge Resources Corp.
TSX VENTURE : BUK

Bridge Resources Corp.

August 13, 2007 09:25 ET

Bridge Resources Corp. Makes UK Southern North Sea Acquisition

CALGARY, ALBERTA--(Marketwire - Aug. 13, 2007) - Bridge Resources Corp. (TSX VENTURE:BUK) ("Bridge") is pleased to announce that it has reached agreement with Century Exploration (UK) Limited and Charbella Energy Limited, to acquire a 50% interest in Blocks 48/23a, 48/24a (part), 48/24b, and 48/25a in the Southern Gas area of the UK North Sea. The blocks comprise 220.8 km2 (110.4 km2 net to Bridge) and are contiguous with Block 48/24d acquired by Bridge in the 24th UK Licence Round.

The net acquisition cost to Bridge through September 17, 2008 is forecast to be approximately Pounds Sterling 50,000. During this period Bridge intends to undertake a detailed review of all prospects on the subject acreage as potential satellite projects to its planned Durango gas development.

Bridge participation and operatorship of the licences is subject to approval by the UK Department for Business, Enterprise & Regulatory Reform.

About Bridge

The Corporation is active in the exploration for hydrocarbons in the Southern Gas Area of the UK North Sea where it holds 100% interest in eleven offshore exploration blocks located in water depths of 15 to 50m. In aggregate, Bridge's exploration blocks cover 1,784 square kilometers.

The TSX Venture Exchange has in no way passed upon the merits of the Acquisition and has neither approved nor disapproved the contents of this press release.

Safe Harbour

Statements in this press release may contain forward-looking information including expectations of future operations, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income and oil taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that 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 the company. These risks include, but are not limited to, the risks associated with the oil and gas industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, 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.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this information.

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