Mr. Chad Peters reports

RIDGELINE MINERALS ANNOUNCES $2.5 MILLION PRIVATE PLACEMENT

Ridgeline Minerals Corp. has arranged a non-brokered private placement of up to five million units at a price of 50 cents per unit to raise gross proceeds of up to $2.5-million. Each unit will consist of one common share of the company and one-half of one non-transferable common share purchase warrant. Each warrant will be exercisable to acquire one share at a price of 75 cents for a period of two years from the closing date provided that, commencing on the date that is four months and one day after the closing date, if the closing price of the shares on the TSX Venture Exchange is at a price equal to or greater than $1.50 for a period of 10 consecutive trading days, the company will have the right to accelerate the expiry date of the warrants by giving written notice to the holders of the warrants that the warrants will expire on the date that is not fewer than 30 days from the date notice is provided.

The company may pay a finder's fee in connection with the private placement. Net proceeds of the private placement will be used to advance Ridgeline's exploration program across its portfolio of four highly prospective gold-silver projects in the Carlin and Battle Mountain-Eureka trends in Nevada, as well as for general corporate and working capital purposes.

All securities to be issued in the private placement will be subject to a four-month hold period from the closing date under applicable securities laws in Canada and, amongst other things, receipt by Ridgeline of all necessary regulatory approvals, including exchange approval. The company anticipates closing of the private placement as soon as practicable subject to receipt of all necessary regulatory approvals.

About Ridgeline Minerals Corp.

Ridgeline is a discovery-focused gold explorer with a proven management team and a 125-square-kilometre exploration portfolio across four projects in the highly prospective Carlin and Battle Mountain-Eureka trends in Nevada, United States.

We seek Safe Harbor.