The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced April 11, 2013.

Convertible debenture:  $250,000

Conversion price:  convertible into common shares at 10 cents of principal outstanding per share until maturity

Maturity date:  up to one year from issuance

Interest rate:  10 per cent per year

Placees:  one

Insider:  Ridgemont Iron Ore Corp. up to 2.5 million shares issuable

For further details, please refer to the company's news release dated May 3, 2013.