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File: Press Release re Initial Notice of Consolidation.doc

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--->his restriction may constitute a violation of U.S. Securities laws.

GOLD RIDGE EXPLORATION CORP.

CORPORATE UPDATE

For Immediate Release 
 July 28, 2016
 
 Calgary, Alberta
 Trading Symbol: "GEA.H"
 
 
GOLD RIDGE EXPLORATION CORP. (TSXV - "GEA.H"), Mr. Jeff Decter, President and Chief Executive Officer of Gold Ridge Ex
--->ploration Corp. (the "Corporation"), announces that pursuant to the Corporation's Annual General and Special Meeting o
--->f Shareholders held on June 1, 2016, the shareholders approved, among other things, a one for five (1:5) consolidation
---> of the Corporation's common shares. The Corporation has submitted all applicable documents to the TSX Venture Exchang
--->e (the "TSXV") and the common shares will be posted for trading on a consolidated basis once the TSXV approves the con
--->solidation, which is expected to occur shortly.  In accordance with the share consolidation, shareholders of the Corpo
--->ration will be entitled to receive one post-consolidation common share of the Corporation (new share) for every five p
--->re-consolidation common shares of the Corporation (old shares) currently held. The Corporation currently has 43,207,00
--->0 common shares issued and outstanding and will have 8,641,400 post-consolidation common shares issued and outstanding
--->.  

The Corporation also announces that it proposed to change the name of the Corporation to "GEA Technologies Ltd." concu
--->rrently with the share consolidation.  Further details regarding the trading symbol will be issued if the symbol chang
--->es.


For further information, please contact:

Jeffrey H. Decter,
President, CEO and Director
Phone:   (403) 818-5626
E-Mail:  jdecter@cochranetoyota.ca 

READER ADVISORY

Neither the 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.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMI
--->NATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE
---> SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER T
--->HE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN T
--->HE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

The TSX Venture Exchange has in no way passed upon the merits of the proposed share consolidation and has neither appr
--->oved nor disapproved the contents of this press release.