High Ridge revised private placement

High Ridge Resources Inc., a mining company which is focused on large scale exploration projects in British Columbia and Peru, has revised the terms of a previously announced non-brokered private placement.

The company has announced the non-brokered private placement on July 10, 2008.

The company said that the revised offering will consist of up to 10,000,000 units at a price of $0.25 per unit for gross proceeds of up to $2,500,000.

Each Unit will consist of one common share and one common share purchase warrant. Each Warrant will entitle the holder to purchase one additional common share of the Company for a period of 24 months from the date of issue of the Warrant at the following CDN exercise prices: (i) $0.40 per share from the Closing until the close of business on the day which is 8 months after Closing; (ii) thereafter at $0.50 per share until the close of business on the day which is 16 months after Closing; and (iii) thereafter at $0.60 per share until the close of business on the day which is 24 months after Closing.

High Ridge has agreed to pay a finders fee equal to 8% of the gross proceeds raised in connection with the private placement payable in cash or in Units. The securities to be issued under the private placement shall be subject to a four month hold period, and the private placement is subject to the acceptance of the TSX Venture Exchange.