SNDD RedHawk Holdings Corporation (CE)

Independence Energy Corp. (OTCBB: IDNG) (the "Company" or "Independence Energy") is pleased to announce that the Company has signed a Letter-of-Intent ("LOI") to acquire an interest in a development well drill program and several productive oil wells in Oklahoma.

The potential acquisition is expected to include the opportunity to participate in a planned Oil Creek well in Garvin County, Oklahoma. The drill target location was defined using proprietary 3D seismic data recently accessed by the operator and is believed to be a moderate risk step-out development well. The primary focus of the well is the prolific Oil Creek sand formation known to be productive in the area. Drilling is also expected to encounter several secondary production objectives, including the 1st and 2nd Bromide sands, the Viola Limestone, and Deese sands.

In addition, the potential acquisition is expected to include a working interest in six (6) productive oil wells and one (1) salt water disposal well in the area.

"This could potentially be another successful acquisition and good fit for our growing Company," stated Mr. Gregory C. Rotelli, CEO and President of Independence Energy. "The deal should add drilling upside and immediate production to our current portfolio. We hope to complete the transaction over the next few weeks."

The potential acquisition remains subject to, among other things, Independence Energy and the current interest holders concluding negotiations, legal title review, and completion of satisfactory due diligence. There can be no assurance that any transaction will be completed.

Further updates regarding the potential acquisition and other Independence Energy business will be made as additional information becomes available.

About Independence Energy Corp.

Independence Energy Corp. is an oil and gas exploration and development company focused on projects in the United States. Independence Energy is seeking to further advance its existing projects through development or offset drilling and to expand its portfolio to include additional property interests in the United States.

Some information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements, such as the results of drilling, the existence, size and nature of oil deposits, as well as the resulting economics. The words "plan", "forecast", "anticipates", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Independence Energy Corp. herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Independence Energy Corp. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

For additional information, contact; LiveCall Investor Relations for Independence Energy Corp. Mr. Gerry Belanger Investor Contact (800) 976-4490 info@independenceenergycorp.com www.independenceenergycorp.com