SNDD RedHawk Holdings Corporation (CE)

Independence Energy Corp. (OTCBB: IDNG) (the "Company" or "Independence Energy") is pleased to announce that the Company has received confirmation that the contracted drilling rig for the Vaughn-MEI #106 Prospect Well has been reserved by the drilling services company for delivery to the proposed well site in Coleman County, Texas. MontCrest Energy Inc. ("MEI"), the project operator, has also reported that they anticipate final rig setup and testing should be completed late next week with drilling to commence shortly afterwards.

"Preparations for the MEI program have been completed and we anticipate that, weather permitting, drilling will start on schedule at the Vaughn-MEI #106 vertical well in the next two weeks," stated Mr. Gregory C. Rotelli, CEO and President of Independence Energy. "Once the rig is setup and tested, we expect that drilling will continue around the clock until the well reaches total depth in less than two weeks. Drilling of the Shields-MEI #105H horizontal well is expected to commence immediately following the completion of the Vaughn-MEI #106."

The Vaughn-MEI #106 Prospect Well is projected to take approximately 10-12 days of drilling to reach an estimated total depth of 4,650' and should test a historically productive dolomite formation, as well as five other known formations at shallower depths. These formations, in order from the deepest, are the Ellenburger, the Gray Sandstone, the Gardner Sandstone, the Jennings Sandstone, the Morris Sandstone, and the Palo Pinto Limestone. Geological analysis and a reservoir characteristic study of the immediate area conducted by the project operator suggests drilling could encounter five total pay horizons.

The Vaughn-MEI #106 Prospect Well is part of the highly prospective MontCrest Energy Drilling Program #3 in Coleman County, Texas (the "MontCrest Drill Program"). The MontCrest Drill Program consists of a turnkey participation in two exploration wells targeting multiple oil bearing sand formations previously productive in the region (Shields-MEI #105H and Vaughn-MEI #106). The Company holds a 5% Working Interest in the MontCrest Drill Program.

Further updates regarding the MontCrest Drill Program 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 drilling of the Vaughn-MEI #106 vertical and Shields-MEI #105-H horizontal wells as well as the potential results from such drilling. 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