SOURCE: Ring of Fire Resources Inc.

Ring of Fire Resources Inc.

March 02, 2012 18:04 ET

Ring of Fire Resources Inc. Announces Change of Name to "Noble Mineral Exploration Inc."

Results of Annual General Meeting and Engagement of an Investor Relations Service Provider

TORONTO--(Marketwire - Mar 2, 2012) - Ring of Fire Resources Inc. (the "Company") (TSX VENTURE: ROF) (FRANKFURT: RG5) (PINKSHEETS: HWKPF) is pleased to announce that it has changed its name from "Ring of Fire Resources Inc." to "Noble Mineral Exploration Inc." This change was previously approved by the Company's Board of Directors, and was approved by the Company's shareholders at the Company's annual meeting of shareholders on February 28, 2012. The Company's trading symbol on the TSX Venture Exchange will change from "ROF" to "NOB." The trading symbol on the Frankfurt Exchange will change from "RG5" to "NB7." Notification will be provided as to the new trading symbol on the OTC.PK board as soon as it is assigned. The change of trading symbol will be effective on the TSX Venture Exchange as of Wednesday, March 7, 2012.

According to Vance White, the Company's President and CEO, the change of name is being made to more accurately reflect the prime focus of the Company as a result of having recently acquired properties in the Timmins, Iroquois Falls and Smooth Rock Falls areas of Northern Ontario (known as Project 81), and reflect the diversity of the Company's projects.

Results of AGM:

The Company is also pleased to announce that J. Birks Bovaird, Walter E. Brooks, Richard Nemis, Michael Newbury, Gordon McKinnon and H. Vance White were re-elected to its Board of Directors at the 2012 Annual and Special Meeting of its shareholders held on February 28, 2012.

In addition to electing all of the Board nominees proposed by management, at the February 28, 2012 meeting the shareholders approved all of management's proposals, including the re-appointment of McCarney Greenwood LLP as auditor of the Company, the re-approval of the Company's stock option plan, and the confirmation of the Company's recently adopted Shareholder Rights Plan.

At a Board of Directors meeting held after the shareholders' meeting, the Board of Directors re-elected the following as the officers of the Company for the ensuing year, all of whom previously served as officers of the Company: H. Vance White (President and CEO), Gaetan Chabot (Chief Financial Officer), Walter E. Brooks (Vice President-Corporate Development) and Denis S. Frawley (Secretary). In addition, Randy Singh was appointed Vice President of Exploration and Project Development.

Engagement of IR Services Provider:

The Company also announces that it has retained Michael Baybak and Company Inc. for the provision of investor relations, corporate communications and other services to the Company.

Mr. Baybak has an extensive background in investor relations, corporate communications and database management, working with a number of Canadian junior resource companies, operating in Canada and internationally, focusing specifically on the uranium, diamond, and gold sectors as well as companies operating in the biotechnology and healthcare sectors. Mr. Baybak also has over 10 years of experience working in the financial and foreign exchange market sector, both in Canada and the US.

The Company has retained Mr. Baybak for an initial period of three months, for a monthly fee of $6,000. In addition, the Company will grant Mr. Baybak options to purchase 600,000 of the Company's common shares, at an exercise price of $0.175 per share, for a period of three years. Twenty-five percent of the options will vest every three months. The Company will also reimburse Mr. Baybak for his reasonable expenses.

The agreement with Mr. Baybak and the grant of options described above are subject to acceptance for filing by the TSX Venture Exchange.

About Project 81:

Project 81 is a 72,218 hectare patented land package divided into 2 blocks. The patents include surface, mineral and timber rights, and host a significant timber resource plus a number of zones that have historical exploration identifying nickel and gold mineralization (these sample results are historical and non 43-101 compliant) from work carried out in the 1960s and 1970s some of which have been previously announced.

About Ring of Fire Resources Inc.:

Ring of Fire Resources Inc. is a Canadian based junior exploration company holding in excess of 72,000 hectares of property in the Timmins, Iroquois Falls and Smooth Rock Falls areas of Northern Ontario, upon which it plans to develop and implement an exploration program in 2012. It also holds a portfolio of diversified exploration projects at various stages of exploration and drilling for Vanadium/Nickel/Copper/Chromium/PGM in the 'Ring of Fire' McFauld's Lake Area of Northern Ontario, Gold in the Wawa area of Northern Ontario, and Uranium in Northern Saskatchewan.

More detailed information is available on the website at www.ringoffireresources.com or at www.noblemineralexploration.com as of March 7, 2012.

Cautionary Statement:

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

The foregoing information may contain forward-looking statements relating to the future performance of Ring of Fire Resources Inc. Forward-looking statements, specifically those concerning future performance, are subject to certain risks and uncertainties, and actual results may differ materially from the Company's plans and expectations. These plans, expectations, risks and uncertainties are detailed herein and from time to time in the filings made by the Company with the TSX Venture Exchange and securities regulators. Ring of Fire Resources Inc. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

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