Mr. Grant Ewing reports

ROCKRIDGE RESOURCES COMPLETES OVERSUBSCRIBED NON-BROKERED FINANCING

Rockridge Resources Ltd. has completed a non-brokered private placement financing for total gross proceeds of $2,511,300. The company has issued 15.62 million non-flow-through units at a price of 12.5 cents per unit and 3,991,429 flow-through units at a price of 14 cents per FT unit.

Each unit is composed of one common share and one warrant, each warrant entitling the holder to purchase one additional common share for a period of 60 months at a price of 22 cents per share. Each FT unit is composed of one common share and one-half of one warrant, each whole warrant entitling the holder to purchase one non-flow-through common share for a period of 36 months at a price of 22 cents. In addition, the company has paid finders' fees totalling $63,000 and issued an aggregate 475,714 finders' warrants to arm's-length parties, with each finder's warrant entitling the holder to purchase one common share for a period of 36 months at a price of 22 cents.

The company intends to use the proceeds from this private placement for exploration activities and the coming drilling program at its Knife Lake copper project in Saskatchewan, as well as for general working capital purposes. The private placement is subject to TSX Venture Exchange approval, and all securities issued will be subject to a hold period expiring four months and one day from issuance.

A portion of the private placement constitutes a related-party transaction within the meaning of exchange Policy 5.9 and Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) adopted in the policy. The company has relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related-party participation in the private placement.

About Rockridge Resources Ltd.

Rockridge Resources is a publicly traded mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada and other mining-friendly jurisdictions. The company's Knife Lake project is in Saskatchewan, which is ranked as one of the top mining jurisdictions in the world by the Fraser Institute. The project hosts the Knife Lake deposit, which is a VMS (volcanogenic massive sulphide), near-surface, copper-cobalt-gold-silver-zinc deposit open along strike and at depth. The company's Raney gold project is a high-grade gold exploration project located in the same greenstone belt that hosts the world-class Timmins and Kirkland Lake lode gold mining camps. Rockridge's goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships and the advancement of exploration projects in geopolitically favourable jurisdictions.

We seek Safe Harbor.