RockBridge Resources Inc.
TSX VENTURE : RBE

RockBridge Resources Inc.

July 18, 2012 07:00 ET

RockBridge Provides Company Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 18, 2012) - RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE), now having signed the formal Amalgamation Agreement to merge with Crimson Energy Ltd. (Crimson) of Calgary, as announced on July 9, 2012, is focussed on the regulatory and legal process to complete the merger. That process includes valuation and due diligence reviews as required to obtain Exchange approval and approval of the Crimson and RockBridge shareholders, together with all required legal documentation to close the merger. Trading in RockBridge shares has been halted in accordance with Exchange requirements and will remain halted until the required documents have been filed and approved by the Exchange.

In the meantime, with the formal Amalgamation Agreement now signed, RockBridge is stepping up the process to complete its current offering of up to $3.0 million of flow-through and non flow-through units at $0.05 each. Subject to regulatory approval, finder's fees of 10% will be paid on the financing to investment dealers or other qualified finders and 10% brokers' warrants to brokers with each warrant exercisable for two years for one regular share at $0.15.

RockBridge has completed the initial tranche of this financing and anticipates at least 2 more tranches to be completed in the next few weeks. Net proceeds from the financing will be used to fund the Company's 2012 summer and fall drilling operations and for general corporate purposes.

RockBridge's proposed 2012 drilling program includes participation in five (5) horizontal Cardium wells on the Company's East Pembina land block. Two of three pooling agreements are in place and the Company anticipates announcing the licencing of its horizontal Cardium wells in due course.

About RockBridge Resources Inc.

RockBridge, along with its joint venture projects with Crimson Energy Ltd., has 18% to 50% working interests in five and three quarter sections in the Pembina Cardium oil and gas field in Alberta. In addition, RockBridge has a 1.0% interest in the producing Woodrush project in BC and various interests in non-operating projects in Alberta.

ON BEHALF OF THE BOARD

ROCKBRIDGE RESOURCES INC.

Mike O'Byrne, President & CEO

Should you wish to receive Company news via email, please email juliet@chfir.comand specify "RockBridge Resources" in the subject line.

As indicated above, completion of the Transaction is subject to a number of conditions, including but not limited to, TSX Venture Exchange acceptance and if applicable pursuant to TSX Venture Exchange requirements, majority of the minatory shareholder approval. The Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the information circular of RockBridge to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative. The TSX Venture Exchange has in no way passed upon the merits of the proposed Transaction and has neither approved nor disapproved the contents of this release.

This news release may include statements about expected further events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. RockBridge cautions that actual performance will be affected by a number of factors, many of which are beyond its control. Future events and results may vary substantially from what RockBridge currently foresees. Discussion on the various factors that may affect future results is contained in RockBridge's recent filings, available on SEDAR.

Reference to BOE means barrels of oil equivalent and is derived by converting gas to oil at the ratio of six thousand cubic feet (mcf) of gas to one barrel (bbl) of oil. BOEs may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner top and does not represent a value equivalency at the wellhead. References to BOEPD means barrels of oil equivalent per day.

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

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