Ridgeline Energy Services Inc.
TSX VENTURE : RLE

Ridgeline Energy Services Inc.

May 31, 2011 17:06 ET

Ridgeline Granted Conditional Acceptance for the Acquisition of Danzik Hydrological Sciences, LLC

Reports positive feedback on water treatment technology from major oil and gas customers

CALGARY, ALBERTA--(Marketwire - May 31, 2011) -Ridgeline Energy Services Inc. (TSX VENTURE:RLE) ("Ridgeline" or the "Company"), an environmental technology and consulting company focused on waste management in the oil and gas industry, further to the Company's news release of April 20, April 25, and May 3, 2011, the Company is pleased to announce that the TSX Venture Exchange (the "TSXV") has granted conditional acceptance for Ridgeline's previously announced acquisition of Danzik Hydrological Sciences, LLC ("DHS").

Tony Ker, CEO of Ridgeline stated, "This approval is an important step forward in our plans to acquire 100% of DHS and its unique water treatment technology. Since we initially entered into our partnership agreement in 2009 with a predecessor of DHS, the technology has performed above initial expectations. We have moved from development and testing to initial commercialization within a 12 month period. The technology enhances the capture of heavy metals, hydrocarbons, and other contaminants and reduces frac and process water treatment costs for the oil and gas industries. Feedback from our customers, major oil and gas companies, regarding the potential solution this technology may provide has been positive, and we look forward to the continued implementation of the technology for commercial installations."

By a letter dated May 17, 2011, the TSXV has conditionally accepted the proposed acquisition of DHS in accordance with the provisions of the Purchase Agreement dated April 4, 2011 with Danzik Hydrological Sciences, LLC ("DHS") and Dennis M. Danzik (the "Purchase Agreement"). The TSXV's final acceptance is conditional upon, among other things, obtaining the written consent of Ridgeline's disinterested shareholders holding more than 50% of issued and outstanding common shares respecting the change of control to the Corporation that will occur upon the issuance of 34,581,743 common shares to Mr. Danzik under the terms of the Purchase Agreement. There is no assurance that the TSXV's final acceptance will be granted.

In that regard, Ridgeline will be mailing to all of its registered and beneficial shareholders a form of Shareholder Consent to be signed and return by shareholders indicating their consent, and a Transaction Overview summarizing the acquisition terms and conditions of DHS under the Purchase Agreement as well as the regulatory conditions and requirements of the transaction. A copy of the Shareholder Consent and the Transaction Overview has been filed on SEDAR and may be viewed at www.sedar.com under Ridgeline's profile.

About Ridgeline Energy Services Inc.

Ridgeline Energy Services Inc. (TSX VENTURE:RLE) is an environmental technology and consulting company focused on waste management in the oil and gas industry. Through its subsidiary Ridgeline Water Inc., the Company is developing proprietary technology capable of efficiently treating large volumes of contaminated water generated by oil and gas producers operating in the Western Canadian Sedimentary Basin. The Company is working with energy majors in the application of proprietary technology for effective onsite treatment of produced water, hydraulic fracturing flowback water and oil sands process water (tailings ponds) and to recycle the water used in these oil and gas industry applications. Through its environmental consulting and remediation subsidiaries, Ridgeline Environment Inc. and Ridgeline GreenFill Inc., the Company has built a reputation as an established player in the provision of environmental services to Western Canada's large and growing oil and gas industry. The Company trades on the TSX Venture Exchange under the symbol "RLE". Additional information is available on the Company's website at: http://www.ridgelinecanada.com.

"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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