Rift Basin Closes Final Tranche of A Private Placement for Additional Gross Proceeds of $380,000

Rift Basin Resources Corp. (TSX VENTURE:RIF) (the "Company" or "Rift Basin")
announces that it has closed the second and final tranche of the non-brokered
private placement of units (the "Private Placement") previously announced in its
news release of December 21, 2012.


The final tranche closing consisted of 3,800,000 units (the "Units") at a price
of $0.10 per Unit for gross proceeds of $380,000. Each Unit consists of one
common share of the Company (a "Common Share") and one-half of a Common Share
purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the
holder thereof to purchase one Common Share at a price of $0.20 until March 12,
2014, provided however that the Company is entitled to accelerate the expiry
date of the Warrants to the date that is 30 days following the date the Company
issues a news release announcing that the published closing price of the Common
Shares on the TSX Venture Exchange has been equal or greater than $0.30 for any
ten consecutive trading days after July 13, 2013. 


In connection with the closing, the Company paid $8,000 cash commission to an
arm's-length finder, representing 8% of the gross proceeds raised on the sale of
the Units placed by such finder. 


All securities issued under the final tranche of the Private Placement are
subject to a statutory hold period expiring on July 13, 2013 in accordance with
applicable Canadian securities laws. The net proceeds of the final tranche of
the Private Placement will be used for general working capital.


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 seeking 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

FOR FURTHER INFORMATION PLEASE CONTACT: 
Rift Basin Resources Corp.
Wayne Koshman
Chief Executive Officer
(604) 608-1999
(604) 688-0854 (FAX)

Rift Basin Resources Corp (TSXV:RIF)
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