RockBridge Resources Inc.
TSX VENTURE : RBE

RockBridge Resources Inc.

November 10, 2010 11:54 ET

RockBridge Resources Inc. Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 10, 2010) - RockBridge Resources Inc. (TSX VENTURE:RBE) ("RockBridge" the "Company"), announces that it is undertaking a private placement of 5,000,000 Units at $0.12 per Unit comprised of one regular Common Share and one-half Common Share Warrant; and 4,000,000 Flow-Through Units at $0.15 per Unit comprised of one Flow-Through Common Share and one-half Common Share Warrant. Each whole Warrant is exercisable to purchase one regular Common Share at $0.25 on or before November 30, 2011. The Company has agreed to pay investment dealers or other qualified finder's fees of up to 8% cash and, to brokers, 8% broker warrants exercisable for one Common Share at a price of $0.13 to May 31 , 2011.

The private placement is subject to regulatory approval and all securities issued will be subject to a four (4) month hold period. Proceeds of the private placement will be utilized to fund RockBridge's horizontal drilling and fraqing of its Pembina Cardium Oil and Gas property.

ABOUT ROCKBRIDGE

RockBridge has a diversified and broad resource base including varying interests in 19 oil and gas wells and properties in Alberta and B.C. including the Pembina Cardium properties. RockBridge has a 35% to 50% interest in 4.5 sections of the Pembina field located about 50 miles southwest of Edmonton slated for the first horizontal well drilling in December 2010, and 1 operating oil and gas well in the Bantry area about 60 miles northwest of Medicine Hat. Rustler Petroleum Inc. of Calgary owns the balance of the interests in the Pembina and Bantry properties and is now the operator. The operator has in total, identified 14 low risk horizontal drilling locations on the properties for development over several years. In addition, RockBridge has a 1.0% interest in the expanding Woodrush project together with 54 Newfoundland mineral claims prospective for rare earth elements and copper with its 2010 work program underway, 8 B.C. mineral claims and 9 Yukon mineral claims prospective for gold.

ON BEHALF OF THE BOARD

ROCKBRIDGE RESOURCES INC.

Adrian Van de Mosselaer, President and CEO

This news release contains forward-looking statements that involve risks and uncertainties. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by RockBridge. The forward-looking statements or information contained in this news release are made as of the date hereof and RockBridge does not undertake any obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.

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

Contact Information