Ridgeline Energy Services Inc.
TSX VENTURE : RLE

Ridgeline Energy Services Inc.

August 09, 2011 09:00 ET

Ridgeline Issues Corporate Status Update

CALGARY, ALBERTA--(Marketwire - Aug. 9, 2011) - Ridgeline Energy Services Inc. ("Ridgeline") (TSX VENTURE:RLE) announces that securities regulators in Alberta and British Columbia approved the application for a Management Cease Trade Order ("MCTO") announced on July 25, 2011, and subsequently granted the MCTO on August 2, 2011.

The MCTO was requested when Ridgeline determined it would not be able to file its annual audited financial statements for the year ended march 31, 2011 by the filing deadline of July 29, 2011, as prescribed by National Instrument 51-102 - Continuous Disclosure Obligations. Consequently, to prevent a cease trade order restricting trading in all securities issued by Ridgeline, the MCTO will restrict only Ridgeline's CEO and CFO from trading such securities.

Ridgeline and its Auditor are working to complete the annual audited financial statements as soon as possible and expect them to be completed no later than the 29th of August 2011.

"This default notice 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 default notice.

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