Ridgeline Energy Services Inc.
TSX VENTURE : RLE

Ridgeline Energy Services Inc.

December 29, 2010 13:33 ET

Ridgeline Corrects January 19, 2010 News Release

CALGARY, ALBERTA--(Marketwire - Dec. 29, 2010) - Ridgeline Energy Services Inc. ("Ridgeline" or the "Company") (TSX VENTURE:RLE), a Canadian publicly traded company www.ridgelinecanada.com/ wishes to correct and clarify it's January 19, 2010 news release entitled "Ridgeline Announces Joint Venture with Solverdi Worldwide Ltd. to Develop Waste Water Solutions".

This new release incorrectly identified that Ridgeline "has entered into a joint venture technology development agreement (the "JV Agreement") with Solverdi Worldwide Ltd (ASX: SWW), an Australian publicly traded company." Ridgeline did not enter into any contract with Solverdi Worldwide Ltd. but entered into the referenced JV Agreement with Solverdi USA, Incorporated, which is a Delaware corporation having an office in Phoenix, Arizona. Ridgeline does not have any contract or any legal relationship with Solverdi Worldwide Ltd.

For greater certainty, the Company announced on May 4, 2010 that the JV Agreement was replaced by a General Partnership Agreement with Danzik Water Sciences, LLC. a wholly owned subsidiary of Solverdi Worldwide Corporation, an American company, to commercialize jointly developed waste water treatment processes and equipment specifically for the petroleum and natural gas industry. Solverdi Worldwide Corporation is not owned by nor affiliated with Solverdi Worldwide Ltd.

About Solverdi Worldwide Corporation

Solverdi is one of the world's leaders in the field of waste water processing. Solverdi's innovative Shallow Water Reactor Systems provide clean water of various specifications from water contaminated from natural and industrial processes. All systems are designed and supervised by professional engineers, and meet LEED standards in the U.S.

About Ridgeline Energy Services, Inc.

Ridgeline provides environmental services to the Western Canadian energy industry through three operating subsidiaries: Ridgeline GreenFill Inc., Ridgeline Water Inc. and Ridgeline Environment Inc. These business units provide soil and wastewater treatment and environmental consulting solutions. With over a decade of serving the oil patch, Ridgeline brings experience, professionalism, and precision to the well site and the board room to assist producers in making the right choices for their business.

"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."

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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