Gold Ridge Closes Asset Purchase Transaction

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Mr. Heighington, a Director of Gold Ridge Exploration Corp. (TSX VENTURE:GEA)
(the "Corporation") is pleased to announce the closing of its previously
announced acquisition from Richfield Oils Inc., of certain oil and gas
properties located in the Chigwell area of central Alberta (the "Richfield
Assets") on July 10, 2013 (the "Transaction"). The Corporation obtained the
requisite shareholder approval by written consent from the majority of its
shareholders. In exchange for the Richfield Assets, the Corporation issued
4,000,000 common shares at a deemed price of $0.05 for a total deemed purchase
price of $200,000 Cdn. 


In connection with the closing of the Transaction and pursuant to a Finder's Fee
Agreement between the Corporation and Wolverton Securities Ltd. dated March 12,
2013, Wolverton Securities Ltd. acted as a Finder in connection with the
Transaction and was issued 400,000 common shares of the Corporation at a deemed
issue price of $0.05 per common share.


After giving effect to the Transaction, the Corporation will have 13,157,000
common shares outstanding.


Management

In connection with the Transaction, the Corporation's current board and
management have resigned effective as of July 11, 2013, with the exception of
David D. Heighington. Rudolf Cech has been appointed as President, Chief
Executive Officer and a director, Richard Boswell has been appointed Vice
President, Corporate Secretary and a director, Alan Chan has been appointed as
Chief Financial Officer and a director, Edwin S. L. Tam has been appointed as a
director and David D. Heighington will continue serving as a director of the
Corporation.


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 DISSEMINATION 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 THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE 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
transaction and has neither approved nor disapproved the contents of this press
release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gold Ridge Exploration Corp.
Mr. David Heighington
Director
(403) 237-0018

Gold Ridge Exploration Corp. (TSXV:GEA)
過去株価チャート
から 5 2024 まで 6 2024