Ridgemont Iron Ore Corp. (TSX VENTURE:RDG) ("Ridgemont") is pleased to announce
that drilling has commenced at the Redford Iron Ore Property located on
Vancouver Island, British Columbia. The program will consist of 13,000 metres
(m) of diamond drilling as well as an aggressive ground geophysics and
reconnaissance program with the goal of outlining a National Instrument (NI)
43-101 compliant iron ore resource this fall and delineating new iron ore
targets.


The Redford Property is host to the former producing Brynnor iron deposit.
Noranda Exploration Ltd. mined the near surface portion of the iron ore body in
the 1960's and produced 4,480,940 tonnes at 56% iron. The mine was closed in
1968 at the expiration of the concentrate sales contract with Japanese steel
makers; however, the underground extension of the ore body was never mined.
Drilling will take place in and around the Brynnor pit to test the underground
extension of the ore body. This program will be carried out by Cabo Drilling
(Pacific) Corp. and will take five months to complete approximately. The goal of
this program is to outline an initial NI 43-101 iron ore resource.


In 2010, Ridgemont completed an airborne magnetic and gravity survey which
outlined additional surface targets. These targets will be followed up by ground
work commencing in May, which will further refine the target areas in
preparation for future drilling.


About Ridgemont

Ridgemont is an exploration and development company in Canada and has an option
to acquire up to 75% interest in the Redford iron ore property located 22
kilometres northeast of Ucluelet, in the Alberni Mining Division, Vancouver
Island, British Columbia.


Edward Lyons, P.Geo., the VP Exploration for Ridgemont and a Qualified Person as
defined by NI 43-101, has reviewed and is responsible for the technical
information contained in this news release. 


RIDGEMONT IRON ORE CORP. 

On behalf of the Board

Mark J. Morabito, President & CEO

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical fact, included
herein including, without limitation; statements about the timing for completion
of a NI 43-101 resource estimate, details about the planned drill program and
the delineation of new iron ore targets are forward-looking statements. By their
nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results, performance
or achievements, or other future events, to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the following
risks: the need for additional financing; operational risks associated with
mineral exploration; fluctuations in commodity prices; title matters;
environmental liability claims and insurance; reliance on key personnel; the
potential for conflicts of interest among certain officers, directors or
promoters with certain other projects; the absence of dividends; competition;
dilution; the volatility of our common share price and volume and the additional
risks identified the management discussion and analysis section of our interim
and most recent annual financial statement or other reports and filings with the
TSX Venture Exchange and applicable Canadian securities regulations.
Forward-looking statements are made based on management's beliefs, estimates and
opinions on the date that statements are made and Ridgemont undertakes no
obligation to update forward-looking statements if these beliefs, estimates and
opinions or other circumstances should change, except as required by applicable
securities laws. Investors are cautioned against attributing undue certainty to
forward-looking statements.


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