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News Releases

June 24, 2008

Ringbolt Increases Financing To $21-Million

Ringbolt Ventures Ltd., subject to receipt of all necessary regulatory approvals, is increasing the size of the private placement announced in Stockwatch news on June 16, 2008, to offer an additional 500,000 units of Ringbolt thereunder. This increase brings the size of the offering to 15 million units resulting in total gross proceeds of $21-million. The agents also have the option, exercisable until 48 hours prior to the closing of the offering, to raise up to an additional $9.8-million.

All other terms and details of the offering remain unchanged from those that were set out in the news release of Ringbolt in Stockwatch dated June 16, 2008.

On behalf of the Board of Directors

Jason Walsh, Director

We seek Safe Harbor.