RockBridge Resources Inc.

RockBridge Resources Inc.

June 13, 2012 13:32 ET

RockBridge Provides Private Placement and Drilling Update

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 13, 2012) - RockBridge Resources Inc. ("RockBridge" or the "Company") (TSX VENTURE:RBE) is continuing with its non-brokered private placement financing of up to $3 million in flow-through units and non flow-through units, subject to regulatory approval. The Units are priced at $0.05 each and each flow-through unit consists of one flow-through common share and one-half share purchase warrant. Each non flow-through unit consists of one regular common share and one whole share purchase warrant. The terms of the share purchase warrant have been amended and each whole warrant is now exercisable for two years for one regular share at $0.15 each.

Finder's fees, subject to regulatory approval, of 8% will be paid on the financing to investment dealers or other qualified finders, and 8% brokers' warrants to brokers, with each warrant exercisable for two years for one regular share at $0.15.

Net proceeds from the financing will be used to fund the Company's drilling operations and for general corporate purposes. RockBridge's proposed 2012 drilling program includes participation in an anticipated five (5) horizontal Cardium well program on the Company's East Pembina land block.

RockBridge has two joint venture projects in Alberta with Crimson Energy Ltd. On the Knopcik Area, Alberta project, the subject well was completed in the Nikanassin formation in 2006 and a recent test yielded a flow rate of 600 MCF/D. An evaluation of the reserves conducted in accordance with National Instrument NI 51-101 Standards determined the gross proven and probable undeveloped reserves to be 970 MMCF of sales gas. Future plans are to re-stimulate, test and tie in the well in late 2012/early 2013 when gas prices are anticipated to improve. Rockbridge has a 50% working interest (WI) in the well with Crimson holding the other 50% WI.

On the Violet Grove/Pembina Area, Alberta project, the 9-34-47-8 W5M well was perforated and fracture stimulated in the Upper Mannville formation in late 2011/ early 2012. Flow and pressure build up data indicates a tight reservoir which is indicative of a formation that will require horizontal well development to achieve commercial rates. In light of current gas prices, RockBridge will re-evaluate development plans for the Violet Grove area in early 2013.

RockBridge report that on its proposed business combination with Crimson Energy Ltd., it is in the final stages of completing the formal agreements, with a formal announcement to be made on execution of the agreements.

RockBridge has settled debt totaling $40,000 by way of common shares to be issued at a deemed price of $0.05 each, subject to regulatory approval.

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.



Mike O'Byrne, CEO

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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.

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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