Ridgemont Iron Ore Corp. (TSX VENTURE:RDG)(OTCQX:RIOOF)(PINK SHEETS:RIOOF)
("Ridgemont") is pleased to announce additional assay results from the ongoing
drill program on the Redford Iron Ore Property located on Vancouver Island,
British Columbia. To date, Ridgemont has completed and received assay results
for 43 diamond drill holes, totalling 7,570 metres. Highlights from these most
recent assay results include: 




--------------------------------------------------------
                     From        To  Interval  Magnetite
Drill Hole        (metres)  (metres)  (metres)    Iron %
--------------------------------------------------------
RD11-22             106.0     119.0      13.0       51.7
--------------------------------------------------------
RD11-25             125.0     156.0      31.0       52.3
--------------------------------------------------------
            and     164.0     176.0      12.0       44.3
--------------------------------------------------------
RD11-27             173.0     199.0      26.0       51.5
--------------------------------------------------------
      including     186.0     199.0      13.0       60.2
--------------------------------------------------------
RD11-29              79.0     100.0      21.0       56.6
--------------------------------------------------------
RD11-34              63.0     112.0      49.0       43.4
--------------------------------------------------------
      including      72.0      92.0      20.0       55.5
--------------------------------------------------------
            and     237.0     249.0      12.0       49.2
--------------------------------------------------------
RD11-39             105.0     128.0      23.0       50.8
--------------------------------------------------------



"We are extremely pleased with these results, as they continue to confirm the
extent of the mineralization on the property." says Mark Morabito, President and
CEO of Ridgemont. "These data clearly show the significant thicknesses and
consistent grade of the high-magnetite zone across the property."


All holes were located using the Total Field Magnetics data from the earlier
ground geophysical surveys and were collared between 50 and 400 metres east of
the eastern edge of the Noranda pit. The goal of this drill program is to
outline an initial National Instrument 43-101 iron resource.


True widths of the reported intercepts vary depending on the angle of the
individual drill holes and are estimated to be between 65% and 98% of the core
interval as reported. All samples were prepared from sawn HQ-sized half-core
sections on site on Vancouver Island. Split drill core samples are then sent to
an independent contractor, Acme Analytical Laboratories in Vancouver, British
Columbia, for analyses. The magnetic iron component is determined by Satmagan
magnetic analysis. Standards, blanks, and duplicate assays are included at
regular intervals in each sample batch submitted from the field as part of an
ongoing Quality Assurance/Quality Control program.


Complete assay highlights with drill plan maps and sections are posted on the
Ridgemont website at http://ridgemontiron.com/index.php/projects.


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.


About Ridgemont

Ridgemont is a Canadian exploration and development company which currently has
an option to acquire up to 75% interest in the Redford iron ore property,
comprised of 26 claims covering 10,821 hectares and 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 approved the technical information
contained in this news release. Mr. Lyons has verified the data disclosed
herein, including sampling, analytical and test data underlying the disclosed
information. Mr. Lyons has verified that the results were accurate from the
official assay certificates provided to Ridgemont.


RIDGEMONT IRON ORE CORP.

On behalf of the Board

Mark J. Morabito, President & CEO

Cautionary Note Regarding Forward-Looking Information

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 completion of an NI
43-101 resource estimate and details about the drill program at the Redford
Property 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 in 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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