Gold Ridge Announces Appointment of Director

CALGARY, ALBERTA -- (Marketwire - May 15, 2012) - Mr. David Heighington, a Director of Gold Ridge Exploration Corp. (TSX VENTURE:GEA) (the "Corporation") is pleased to announce that Gerry A. Peacock has been appointed to the board of directors effective May 10, 2012, subject to customary TSX Venture Exchange acceptance.

Mr. Peacock is a Barrister and Solicitor in private practice as a sole practitioner. Mr. Peacock is involved in a number of venture projects and investments and has held directorships in numerous publicly traded companies on the TSX Venture Exchange. The Corporation believes Mr. Peacock will broaden the skill set and experience of the board of directors.

The Corporation is a mineral exploration company, focusing on the exploration and discovery of economic precious and base metals properties of merits. Its business consists of the acquisition, exploration and development of mineral properties.


Forward-Looking Statements

Certain information included herein is forward-looking. Forward-looking statements include, without limitation, statements regarding the future financial position, business strategy, budgets, projected costs, capital expenditures, financial results, taxes and plans and objectives of or involving the Corporation. Many of these statements can be identified by looking for words such as "believe", "expects", "expected", "will", "intends", "projects", "anticipates", "estimates", "continues", or similar words and include but are not limited to, statements regarding the accretive effects of the acquisition and the anticipated results and expected benefits of the acquisition upon closing thereof. The Corporation believes the expectations reflected in such forward-looking statements are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties some of which are described in the Corporation's continuous disclosure documents. Such forward-looking statements necessarily involve known and unknown risks and uncertainties and other factors, which may cause the Corporation's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general economic, market and business conditions; industry capacity; competitive action by other companies; refining and marketing margins; the ability of suppliers to meet commitments; actions by governmental authorities including increases in taxes; changes in environmental and other regulations; and other factors, many of which are beyond the control of the Corporation. Any forward-looking statements are made as of the date hereof and the Corporation does not undertake any obligation, except as required under applicable law, to publicly update or revise such statements to reflect new information, subsequent or otherwise.

TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact

Gold Ridge Exploration Corp.
Mr. David Heighington
(403) 237-0018

Gold Ridge Exploration Corp.
Suite 730, 1015 - 4th Street SW
Calgary, Alberta T2R 1J4