RDG Ridgeline Minerals Corp

Ridgemont Iron Ore Corp. (TSX VENTURE:RDG)(OTCQX:RIOOF) ("Ridgemont" or the
"Company") is pleased to announce that it has commenced the drilling component
of the first phase of its 2012 exploration program on the Lac Virot Iron Ore
Project, in Labrador. This first, approximately C$3 million phase consists of a
drilling campaign of up to 26 holes, totaling 5,000 metres, as well as an 882
line-km airborne geophysical gravity survey. 


Brian Penney, Ridgemont's President and CEO, said: "We are excited to kick-off
our 2012 exploration program at Lac Virot. The property's potential, located
within 20 km of four producing iron ore mines within the Labrador Trough, was
one of the key factors that led us to pursue the acquisition of IronOne. We have
designed this year's exploration program to be flexible so that we can quickly
capitalize on positive results as they are received in order to advance the
property as rapidly as possible."


This year's program is focused on following up the positive, coincident airborne
magnetic survey and surface sampling results from last year. Analytical results
from 33 grab and chip samples collected during the 2011 field program from
exposed iron formation outcrops ranged from 16.6 to 60.5% Fe as Total Iron, with
an average for all samples collected of 30.6% Fe (see news release dated March
21, 2012).


Major Drilling International of Winnipeg, MB has been contracted to supply two
helicopter-portable drill rigs for the project. The airborne geophysical gravity
survey is being conducted by Fugro Airborne Surveys of Ottawa, ON.


The Lac Virot Iron Project is comprised of approximately 114 square kilometres
of map staked mineral licenses located in the southern Labrador Trough, Canada's
foremost iron ore mining region. Four major mines (Mont-Wright, Carol Lake,
Scully and Bloom Lake) are located within 20 km of the project.


Further information on the Lac Virot Project can be found in the National
Instrument (NI) 43-101 Technical Report titled "Technical Report on the Lac
Virot Iron Ore Property, Labrador West, Newfoundland & Labrador" dated March 25,
2012 and filed on SEDAR at www.sedar.com.


About Ridgemont

Ridgemont is a Canadian exploration company looking to acquire, explore and
develop iron ore mineral properties. Ridgemont, through its 100% owned
subsidiary IronOne Inc., has an option to acquire a 100% interest in the Lac
Virot Iron Project located in the southern Labrador Trough and holds a 100%
interest in the Maguse River Iron Project located in Nunavut. Ridgemont
continues to hold 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.


RIDGEMONT IRON ORE CORP.

On behalf of the Board

Mark J. Morabito, Executive Chairman

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 2012 exploration
program, the advancement of the Lac Virot property and the exploration potential
of the properties 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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