High Ridge Resources Inc. Revised Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 25, 2008) - High Ridge Resources Inc. ("High Ridge") (TSX VENTURE: HRR.V)(FRANKFURT:HR2) today announced that it has revised the terms of a non-brokered private placement that was announced on July 10, 2008. The revised offering will consist of up to 10,000,000 units (a "Unit") 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 (a "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.

The Company will 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.

High Ridge plans to use the net proceeds from the sale of the Units for general working capital purposes, ongoing exploration on High Ridge Resources properties and to fund potential mineral property acquisitions.

About High Ridge Resources Inc.:

High Ridge is focused on large scale exploration projects in British Columbia and Peru. In addition to the Peruvian gold and polymetallic projects, High Ridge has three advanced exploration projects in British Columbia. The projects include the Chuchi property (Cu-Au porphyry) 30 km NW of Terrane's Mt. Milligan project; the Newton Mountain project (Au-Cu porphyry) 35 km N. of Taseko Mine's Prosperity (formerly Fish Lake); and the Silver Bay project (Ag, Pb, Zn, and Cu) 10 km south of Cominco's former Bluebell Mine.

Forward Looking Statements: The above contains forward looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues and mineral recovery processes. Although we believe the expectations reflected in our forward looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contacts

Gary Anderson
High Ridge Resources Inc. - Investor Inquiries
President & CEO
(604) 689-9195
(604) 681-4340 (FAX)
Email: gary@highridgeresources.ca
Website: www.highridgeresources.ca