About the Company

Ringbolt Ventures Ltd. (TSX-Venture: RBV, Frankfurt: 3OZ) is a Canadian based resource exploration company whose primary focus is acquiring and developing agricultural assets in the United States. 
 
Through its 90% interest in BUA USA LLC, Ringbolt Ventures has been granted State mineral leases for potash properties covering 6,277 acres in Utah and State mineral exploration permits covering 9,594 acres in Arizona, allowing the Company to work towards achieving its objective of developing opportunity sets for its shareholders in the agricultural sector.
 
The State exploration permits acquired in Utah are located in the Paradox Basin, an area which hosts the Cane Creek Potash Mine, owned and operated by Intrepid Potash Inc. (NYSE: IPI).  In addition to the State exploration permits that have been granted, 25 prospecting permits for over 51,966 acres are under application with the Federal Bureau of Land Management (BLM).
 
In Arizona, through its 90% interest in BUA USA LLC, Ringbolt Ventures has been granted 15 State mineral exploration permits in the Holbrook Basin, an area that is believed to host a significant amount of potash (source: Arizona Geological Survey Open File Report OFR 08-07, August 2008).

The agricultural sector is forecasted to remain robust primarily due to the ever increasing global population, growing demand for protein-based foods, and strong demand from the bio-fuel industry.  Potash, as a commodity, experienced substantial increase in price in 2008 due to demand outpacing supply.  In fact, in 2007, the domestic potash producers in the United States were only able to fulfill 12% of the country's requirements, with the balance, 88%, being imported from other producing countries, namely Canada. 

The Company is led by an experienced and diverse board of directors and management team with proven success in corporate finance, operational management, engineering, and exploration project management.  Their combined experience and commitment provides Ringbolt Ventures Ltd. with the tools to capitalize on the growing demand for potash.

With the agricultural sector forecasted to remain buoyant, properties that offer significant potential for potash occurrence, a diverse management team, and a strong cash position, Ringbolt Ventures Ltd. is well positioned to develop its opportunity sets to build shareholder value.

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February 26, 2010

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