Rift Basin Completes Initial Assessment, Increases Participation

Rift Basin Resources Corp. (TSX VENTURE:RIF) (the "Company" or "Rift Basin") is
pleased to announce the execution of a Memorandum of Understanding ("MOU") with
PT Sinergi Wijaya Kusumah ("PT Sinergi") which supersedes the trilateral
arrangements previously announced in its news release of May 3, 2013.


PT Sinergy holds the exclusive rights to exploit an onshore multi-reservoir oil
field known as the Dandangilo & Beji Block, containing 110 existing wells within
an 80 sq.km. area (the "Field"), located in Bojonegoro, East Java, Indonesia. PT
Sinergi has the rights under a renewable Cooperation Agreement (the "Agreement")
to produce oil from existing shut-in oil wells in the working area.


Following the recent site reconnaissance visit by Rift Basin's technical team,
and assessment of the technical, economic, legal and regulatory requirements
associated with the exploitation of the Field, the new MOU seeks to formalize
the renegotiated agreement whereby Rift Basin can now earn up to 70% interest in
PT Sinergy by funding initial service and enhancement work. The renewal period
underlying the Agreement will change to a specific term of 5 years for each
period, for a total of 20 years, and provision is being made to segregate the
obligations such that the Company is shielded from any direct or indirect
environmental or human related liabilities associated the district-level
cooperative's exploitation activities. In addition, the work commitment schedule
will be modified in accordance with an independent third-party technical
assessment and resulting recommendations, to be reviewed and mutually agreed
upon between the Company and PT Sinergy.


Commenting on the signing of the MOU, Rift Basin CFO Rob van Santen said, "By
increasing our potential interest to 70% and tightening up the terms of
reference, shareholders are being positioned to benefit from the successful
application of modern enhanced recovery techniques to an historically
well-documented but neglected resource. Given the current risk-off environment,
securing a relatively low-cost low-risk path to early cash flow that bypasses
the usual exploration risk is a strategic coup with significant operational
leverage. With shareholder support we should be able to progress quickly to
realize on the potential."


An MOU is not a definitive agreement and does not create obligations to the
parties thereto other than giving Rift Basin the opportunity to negotiate and
enter into a definitive agreement to establish oil and gas production for the
Field awarded to PT Sinergy. There can be no assurance that any transaction in
connection with this MOU will be completed. Any definitive agreement will be
subject to the approval of the TSX Venture Exchange.


About PT Sinergy

PT Sinergy is owned by Mr. Suryana Wijaya Kusumah, an Indonesian national with
extensive interests in coal mining, iron ore mining, oil and gas concessions,
forestry and timber operations and power generation. As co-founder and a
shareholder of Para Group, one of Indonesia's emerging conglomerates, Mr.
Kusumah's interests include banking, media, hotel, entertainment and lifestyle
as well as several well-known franchise operations.


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

Some of the statements contained in this press release are forward-looking
statements and information within the meaning of applicable securities laws.
Forward-looking statements and information can be identified by the use of words
such as "expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain actions, events
or results "may", "could", "should", "would", "might" or "will" be taken, occur
or be achieved. Forward-looking statements and information are not historical
facts and are subject to a number of risks and uncertainties beyond the
Company's control. Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the forward-looking
statements contained in this news release. Accordingly, readers should not place
undue reliance on forward-looking statements. The Company undertakes no
obligation to update publicly or otherwise revise any forward-looking
statements, except as may be required by law.


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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