EagleRidge Minerals Ltd.

EagleRidge Minerals Ltd.

March 18, 2010 13:50 ET

EagleRidge Minerals Begins Drill Program on the Hannes Gold Project in Southeast Manitoba

PINAWA, MANITOBA--(Marketwire - March 18, 2010) - EagleRidge Minerals Ltd. ("ERM" or the "Company", or "EagleRidge") is pleased to announce that it has started a 1000 metre drilling program on the Hannnes Gold Project in the Rice Lake greenstone belt of southeast Manitoba.

The Hannes Gold Project consists of a claim package of 9403 hectares of claims in the western portion of the Rice Lake greenstone belt approximately 30 kilometres west of Bissett. The Company completed a Phase 1 exploration program during the summer of 2009 of field mapping, prospecting and geochemistry on the southern and western portion of the claim package where three gold showings were uncovered. Best gold values graded up to 6.1g/t. The field work in 2009 covered one third (1/3) of the property. The remainder of the property will be mapped and sampled during the 2010 summer exploration season. Further details are available from the Eagleridge website and from previous news releases on the Hannes Project.

A 1000 metre drill program will be carried out on the Gnomes Shear Zone and the Beaver Pond Zone. Drilling will be conducted by Bodnar Drilling of Manitoba using NQ-sized core under the direct supervision of Tim Tuba, P.Geo, (Exploration Manager, EagleRidge Minerals Ltd). Historical exploration in the region by other companies on the Gnomes Shear has traced the shear for 1200 metres with a thickness of 10-20 metres. Historically the best grades from surface channel sampling of the veins were 0.32 oz/ton Au over 3.7 metres and 0.72 oz/ton Au over 1.2 metres. The shear remains open on either direction and at depth. All past drilling was of a shallow nature. There is no record of drilling on the Beaver Pond Showing.

The purpose of this exploration program is to drill test the same structure but at a deeper depth. The greenstone belt region as a whole has benefitted from deeper drill holes which have encountered better gold mineralization at depth from that which was previously known from surface. It is expected that the drilling will be completed and results returned to the Company by the second week in April. On completion of the drill program, an independent technical report will be issued by the Company.

All analytical work will be carried out by Activation Laboratories of Ancaster, Ontario. Rock samples will be submitted for gold fire assay with an ICPMS finish analysis. EagleRidge implements a complete QAQC program whereby commercial geochemical standards and blanks are submitted at regular intervals with all drill core shipments.

This news release has been reviewed and approved by Carey Galeschuk, P.Geo, ERM President and COO, who is a qualified person under the definition of NI 43-101 and is responsible for the program design and quality control for these projects.


The Company is also pleased to appoint Daniel Gregory, CA, CPA as a Director on the Board of Directors. Daniel brings many decades of financial and corporate management to the board. He also serves as the company's Chief Financial Officer.

Eagleridge has recently hired Tim Tuba as Exploration Manager. Tim brings over 14 years of mineral exploration experience in gold and base metals, working both in Canada and overseas.

About EagleRidge Minerals Ltd.

ERM is presently a privately traded company aimed at becoming publically traded in the future. The Company has a diverse mineral exploration portfolio of gold. REE, industrial and base metal mineral exploration projects in the provinces of Manitoba and Newfoundland and Labrador.

Caution Concerning Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws. Assumptions that have been made still require to be proven from field investigations. Management believes there is strong potential with regard to economic mineralization being found on their mineral exploration properties however this can only be proven through progressive field exploration and geological investigations. The statements in this release contain information that has known and unknown risks, uncertainties and other factors that may cause actual results to be different from those presented in this release. All investments carry a certain level of risk that cannot be considered to be under the control of EagleRidge Minerals Ltd.

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