EagleRidge Minerals Ltd.

EagleRidge Minerals Ltd.

September 14, 2010 16:07 ET

EagleRidge Minerals Ltd. Terminates Letter of Agreement With Fitch Street Capital Corp.

TORONTO, ONTARIO--(Marketwire - Sept. 14, 2010) - EagleRidge Minerals Ltd. ("EagleRidge" or the "Company") has terminated the letter of agreement (the "LOA") with Fitch Street Capital Corporation ("Fitch") previously announced on June 12, 2010, pursuant to which Fitch intended to acquire all of the issued and outstanding securities of EagleRidge. The LOA has been terminated as a result of not executing a formal definitive agreement by September 10, 2010.

EagleRidge is continuing to explore new opportunities and seek out alternate transactions, which will qualify as the Company's going public transaction.

About EagleRidge Minerals Ltd.

EagleRidge is a private mineral resource exploration company existing under the laws of the Province of Ontario. EagleRidge has a diverse exploration portfolio for gold, base metals and lithium/rare earths in the provinces of Manitoba and Newfoundland and Labrador.

Please refer to EagleRidge's website at www.eagleridgeminerals.com for further details on the property holdings.

Cautionary Note

This press release contains forward-looking statements relating to future events and results that are based on current expectations. These statements involve risks and uncertainties. Consequently, actual events and results in future periods may differ materially from those currently expected.

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