SOURCE: Independence Energy Corp.

May 24, 2012 06:00 ET

Independence Energy Corp. Secures $1,000,000 Drawdown Financing Facility

SEAL BEACH, CA--(Marketwire - May 24, 2012) - Independence Energy Corp. (OTCBB: IDNG) (the "Company" or "Independence Energy") is pleased to announce that it has reached an agreement to provide the Company with a $1,000,000 Drawdown Financing facility. The proceeds from this potential financing may be used for new project acquisition, exploration and development, general working capital, or such other purposes as the Company may determine from time to time.

"Having access to a potential $1,000,000 drawdown financing should allow us to maintain our current growth strategy and provide the Company with the financial flexibility to consider new opportunities, if and when they present themselves," stated Mr. Gregory C. Rotelli, CEO and President of Independence Energy. "Access to additional funding would also allow us to possibly take a larger interest in future projects."

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in this offering, nor will there be any sale of these securities in any jurisdiction in which such offer solicitation or sale are unlawful prior to registration or qualification under securities laws of any such jurisdiction.

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 ability to receive proceeds from the Drawdown Financing facility and the possible acquisition of larger interests in new projects. 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.

Contact Information