Rift Basin Creates Advisory Board

Rift Basin Resources Corp. (TSX VENTURE:RIF) (the "Company" or "Rift Basin")
announces that it has created an advisory board for the purpose of bringing
additional technical, financial and international expertise to the Company.
Initially the advisory board will consist of the following members:


Nordine Ait-Laoussine

Mr. Ait-Laoussine is a former Algerian Oil Minister and former Head of
Sonatrach. He is currently President of Nalcosa SA, an international energy
consulting firm based in Geneva (Switzerland).


Following undergraduate studies in Algeria and graduate studies in Morocco, Mr.
Ait-Laoussine received his Master's Degree in Petroleum Geology from the
University of Michigan.


After serving in various capacities in the Algerian Ministry for Industry and
Energy between 1965 and 1969, he played an active role within OPEC during the
1970s, as well as taking the position of Senior Executive Vice President of
Sonatrach in charge of upstream activities, and later taking charge of
downstream operations, exports and local distribution.


In September 1979 Mr. Ait-Laoussine left Sonatrach to establish an international
consultancy, first in Vienna (Austria) where he served as Advisor to the OPEC
Secretariat, and later in Geneva where he created Nalcosa in 1980. Regular
clients of Nalcosa have included most governments, national oil companies of
OPEC countries, and various public and private oil and gas industry
participants, including major international companies.


In 1981 Mr. Ait-Laoussine became Managing Director of Geneva-based International
Energy Development Corporation (IEDC) and President of IED Consultants.
Following the take-over of the IEDC Group by KPC in July 1985 Mr. Ait-Laoussine
became CEO of Kuwait Foreign Petroleum Exploration Co. (KUFPEC), a wholly owned
subsidiary of KPC.


Mr. Ait-Laoussine served as Minister of Energy in the Algerian Government from
June 1991 to July 1992 and as Special Advisor to the Prime Minister from August
1992 to September 1993. He is a member of the Oxford Energy Policy Club, the
Advisory Board of the Energy Intelligence Group (EIG), the Geneva Petroleum Club
(GPC), the Paris Energy Club and the International Advisory Board of Dana Gas,
and has participated and spoken at international conferences throughout his
career, and written extensively on international energy issues, strategy and
long term trends. 


Paul Matysek

Mr. Matysek is a professional geoscientist with more than 25 years international
experience. He is a recognized entrepreneur, specializing in developing
resource-based companies from conception to production, and has held or holds
senior management and/or director positions with several natural resource
exploration and development companies.


Mr. Matysek is the former CEO and founder of Lithium One Inc. Under Mr.
Matysek's stewardship, Lithium One developed a leading lithium brine resource in
Argentina until recently acquired by Galaxy Resources Ltd. (July 2012).
Previously, Mr. Matysek was the co-founder, CEO and president of Energy Metals
Corp. (2005 - August 2007), a pure uranium mining and development company, until
acquired by Uranium One Inc. in a billion-dollar-plus transaction. Mr. Matysek
was also the president and CEO of Potash One Inc., a Saskatchewan-based potash
exploration company (Nov 2007 - Mar 2011), until acquired by K+S
Aktiengesellschaft for $450-million in an all-cash deal. Mr. Matysek is
currently a director of Nevada Copper Corp., Aurcana Corp. and a number of other
natural resource companies.


Dr. John Gault

Dr. John Gault is an independent economist based in Switzerland. He assists
clients in the energy industries with investment decisions, the design and
negotiation of contracts, and corporate planning.


Dr. Gault previously served as Managing Director, IEDConsultants SA and Chief
Economist of the International Energy Development Corporation (IEDC) group, now
part of Kuwait Petroleum Corporation. Prior to joining IEDC in Geneva in 1982,
Dr. Gault was affiliated with the Boston-based energy-consulting firm of Jensen
Associates, Inc.


Dr. Gault co-founded the Montreux Energy series of international conferences. He
is an associate member of the faculty at the Geneva Center for Security Policy,
a member of the Geneva Petroleum Club, a director of Tidal Electric, Inc., and
Deputy Editor of the Journal of World Energy Law and Business (published by
Oxford University Press and the Association of International Petroleum
Negotiators). He is also Co-Director of the program Executive Master in
International Oil & Gas Leadership at The Graduate Institute in Geneva.


Dr. Gault is a graduate of Yale University and holds a PhD in Economics and
Middle Eastern Studies from Harvard. He has taught economics at the American
University of Beirut and Bir Zeit University (West Bank), and is the author of
numerous publications concerning taxation and fiscal systems, government price
regulation, the economics of exhaustible resources, the politics of
international oil trade, and methods of designing appropriate contractual terms.


Commenting on the creation of the advisory board and the recent appointment of
Mongi Haffouz as President and a director of the Company's wholly-owned
subsidiary, Rift Basin International Corp. (see the Company's news release of
September 28, 2012), Wayne Koshman, CEO of the Company stated: "We are very
pleased that Dr. Gault and Messrs. Ait-Laoussine and Matysek have joined our
team of advisors and that Mr. Haffouz has taken on the role of President of Rift
Basin International. The advisors and the President of Rift Basin International
add tremendous depth to our team and bring with them extensive capital markets,
energy sector and oil and gas transaction expertise."


About Rift Basin

The Company is listed on the TSX Venture Exchange under the symbol "RIF". The
Company is currently listed as a Tier 2 mining issuer and is transitioning to
become an oil and gas issuer. Additional information about Rift Basin is
available under Rift Basin's SEDAR profile at www.sedar.com.


ON BEHALF OF THE BOARD

Wayne Koshman, Chief Executive Officer
Rift Basin Resources Corp (TSXV:RIF)
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