Bridge Resources Corp.
TSX VENTURE : BUK

Bridge Resources Corp.
Paramax Resources Ltd.
TSX VENTURE : PXM

Paramax Resources Ltd.

March 29, 2010 08:51 ET

Bridge Resources Corp. and Paramax Resources Ltd. Commence Drilling Second USA Onshore Well

CALGARY, ALBERTA--(Marketwire - March 29, 2010) - Bridge Resources Corp. (TSX VENTURE:BUK) and Paramax Resources Ltd. (TSX VENTURE:PXM) are pleased to announce that their second joint well in the Boise Basin, Idaho drilling program, the Espino #1-2, commenced drilling at 13:00 hours on March 27, 2010. Surface casing has been run and cemented to 808 feet prior to drilling to planned total depth of 4,500 feet in an expected three days.

Statements in this press release may contain forward-looking information including expectations of commerciality of any discovery, 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 Corporation. 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 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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