High Ridge Resources Inc.
TSX VENTURE : HRR

High Ridge Resources Inc.

February 28, 2008 09:15 ET

High Ridge Expands 3D Induced Polarization Survey on the Chanape Property in the San Mateo Area, Peru

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 28, 2008) - High Ridge Resources Inc. ("High Ridge") (TSX VENTURE:HRR) today announced that it has completed a 3D induced polarization survey on company's Chanape property near San Mateo, 100 kilometres east of Lima, Peru. Based upon the very encouraging results received from the original 44 kilometres (14 lines, 200 meters apart) High Ridge decided to expand the survey in the south-westerly direction along additional 5 lines.

The 3D induced polarization survey, as well as the magnetic survey, has been performed by Jose Arce Geofisicos S.R.L., a Peruvian company. Both surveys combined with the historic and newly obtained geological information have already delineated several drilling targets, with a range of extensions at depth.

Gary Anderson, President and CEO of High Ridge Resources Inc. says: "We are extremely excited with the fact that High Ridge's work is qualifying historic data as well as identifying new structures in the Chanape area. We are very satisfied with the pace at which our program is expanding."

The present results from the 3D induced polarization survey show chargeability anomalies in excess of 30mV/V that correspond to the approximately NE-SW trending low-resistivity anomalies. The average resistivity of the host rocks reaches about 1500 ohm-meters but decreases down to 50 ohm-meters in the contact alignments which coincide with known (and supposed) sulphide mineralized breccias and veins.

Several IP anomalies seem to be well centered around a 1.2 kilometer long, low-resistivity response, which does not appear to have a significant surface expression (to see the attached IP pseudo-section please click on: http://media3.marketwire.com/docs/hrr0228.jpg) and continues southwestward, beyond the current IP grid. High Ridge decided to run additional 5 IP lines, 200 meters apart to delineate the extent of the low-resistivity anomaly. The company plans to drill these geophysical targets and confirm their economic interest.

High Ridge has also concluded magnetic survey in the former Germania mine area; it took place along 19 km on NW-SE lines, 200m apart and with readings taken every 10 meters. The overall magnetic trend of the area is also NE-SW, showing numerous features with the same orientation as the Chanape results.

Currently, a comprehensive geological mapping of the Germania area is underway and includes detailed sampling of the four known vein systems. Two of the vein systems, Germania and Peru, were previously mined to a certain extent and represent the major producers of the former Germania mine. Both veins still contain known mineralized blocks. Two other veins, the 1500 metres long Sin Complemento and the approx. 500 metres long Belgica V, were only scarcely mined in the past. In addition, a geological mapping and preparations to an extensive IP and magnetic survey are in progress on other claims in the area.

About High Ridge Resources Inc.:

High Ridge is focused on large scale exploration projects in British Columbia and Peru. In addition to the Peruvian gold and polymetallic projects, High Ridge has three advanced exploration projects in British Columbia. These properties include the Chuchi property (Cu-Au porphyry), 30 km northwest of Terrane's Mt. Milligan project; Newton Mountain (Au-Cu porphyry), 35 km north of Taseko Mine's Prosperity project - formerly Fish Lake (Au-Cu porphyry); and the Silver Bay (Ag, Pb, Zn, and Cu porphyry) project, 10 km south of Cominco's former Bluebell mine.

Z. Adam Szybinski, High Ridge Vice-President of Exploration, is responsible for the content of this news release.

Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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