Ridgeline Completes $10 Million Bought Deal Financing

CALGARY, ALBERTA--(Marketwire - June 13, 2012) -

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Ridgeline Energy Services Inc. (TSX VENTURE:RLE)(OTCQX:RGDEF) ("Ridgeline" or the "Company"), an energy services and water treatment company, is pleased to announce that it has completed its previously announced bought deal financing conducted by way of a short form prospectus offering (the "Offering"). Ridgeline, through a syndicate of underwriters led by Mackie Research Capital Corporation and including Industrial Alliance Securities Inc. (collectively, the "Underwriters"), issued 16,428,900 common shares of the Company at a price of $0.70 per common share, including 2,142,900 common shares pursuant to the exercise in full by the Underwriters of the over-allotment option by the Underwriters in connection with the Offering, for aggregate gross proceeds of $11,500,230.

The net proceeds received by the Company will be used for facility installations, acquisitions, development and working capital. In particular, Ridgeline intends to complete and enhance the acquisition of the Santa Fe Springs water treatment facility in California, and to build water treatment units (known as Single Train Commercial Installations or STCIs) for the recently signed water treatment agreement with Kerr Energy of Fort Worth, Texas.

"We are pleased to have completed this financing under such challenging market conditions. The company is now sufficiently funded to execute the next phase of our growth strategy," said Ridgeline's Chief Executive Officer, Tony Ker. "The funds raised will be applied to initiatives expected to quickly and profitably demonstrate our ability to treat waste water in volume, whether at Santa Fe Springs or with partners such as Kerr Energy, whose customers' growing needs for water treatment will be met through the addition of our STCIs at Kerr's facilities."

Scott Havrisik, Vice President Ridgeline USA, believes that the Santa Fe Springs facility will be a significant contributor to Ridgeline's growth in the current fiscal year. "Under previous management the facility had more than 100 clients despite its limited capabilities for waste water treatment. Current demand from the existing customer base exceeds the water treatment capacity-expanding our facility here is my top priority."

About Ridgeline Energy Services Inc.

Ridgeline Energy Services Inc. is an energy services and water treatment company. Through its subsidiary Ridgeline Water Inc., the Company is applying proprietary technology to treat contaminated water generated by oil and gas production as well as waste water produced through other industrial and commercial processes. Through its environmental consulting and remediation subsidiaries, Ridgeline Environment Inc. and Ridgeline GreenFill Inc., the Company has built a reputation as an established provider of environmental services to North America's oil and gas industry. The Company trades on the TSX Venture Exchange under the symbol "RLE" and the OTCQX as "RGDEF". Additional information is available on the Company's website at: www.ridgelinecanada.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Tony Ker, CEO

"This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information. Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."