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.


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