SOURCE: Independence Energy Corp.

June 22, 2012 06:00 ET

Independence Energy Corp. Confirms 5 for 1 Stock Split and Temporary Trading Symbol Change

SEAL BEACH, CA--(Marketwire - Jun 22, 2012) - Independence Energy Corp. (OTCBB: IDNG) (OTCBB: IDNGD) (the "Company" or "Independence Energy") is pleased to confirm that as of the market opening today, June 22, 2012, the Company's common stock will begin trading on a post 5-for-1 split adjusted basis under the new CUSIP number 45343Y 205. The Company's ticker symbol of "IDNG" will remain unchanged as a result of the forward split, although a "D" has been appended ("IDNGD") for approximately 20 business days to indicate to investors of the recent reorganization.

As the result of the completed forward stock split, each shareholder is entitled to exchange their existing shares for five times the number of new post-split shares, payable upon surrender. The Company expects that shareholders holding common shares at registered brokerage firms will have this forward split transaction processed automatically in their accounts over the next few days. Shareholders holding physical certificates representing their shares are NOT required to submit their certificates for exchange to receive full credit for forward split shares. Physical certificate holders may contact the Company's transfer agent, Holladay Stock Transfer Inc., at (480) 481-3940 to facilitate the exchange of their old certificates for post-split shares should they wish to.

Further updates regarding Independence Energy business 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 expectation that the stock split will position the Company's stock in a more attractive trading range for a wider-range of long-term investors and have a positive impact on its ability to fuel future growth. The words "plan", "forecast", "anticipates", "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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