SOURCE: Independence Energy Corp.

March 12, 2012 19:05 ET

Independence Energy Corp. Completes Financing

SEAL BEACH, CA--(Marketwire - Mar 12, 2012) - Independence Energy Corp. (OTCBB: IDNG) (the "Company" or "Independence Energy") is pleased to announce that it has completed a financing of $125,000. The proceeds from this financing will be used for potential project acquisitions, general working capital, and other such purposes as the Company may determine from time to time.

"The closing of this round of funding is another vote of confidence from the investment community regarding our current business strategy," stated Mr. Gregory C. Rotelli, CEO and President of Independence Energy. "This initial financing and future planned capital raises will help fuel our corporate development plans and source new possible oil and gas acquisitions by the Company."

Further updates regarding Independence Energy Corp. will be made as additional information becomes available.

About Independence Energy Corp.

Independence Energy Corp. is an oil and gas exploration and development company focused on projects in the United States. Independence Energy is seeking to further advance its existing projects through development or offset drilling and to expand its portfolio to include additional property interests in the United States.

Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the Company's plans to acquire additional oil and gas interests. The words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Independence Energy Corp. herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Independence Energy Corp. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

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