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Ridgemont Enters Into Public Relations and Marketing Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 10, 2011) - Ridgemont Iron Ore Corp. (TSX VENTURE:RDG - News; "Ridgemont") is pleased to announce that, subject to regulatory approval, Ridgemont has engaged the services of Grandich Publications LLC to provide public and shareholder communications and marketing services.Grandich Publications LLC provides corporate communications services to public and private companies in North America and specializes in the development and management of customized public relations and marketing programs. The principal of Grandich Publications LLC, Mr. Peter Grandich, is a long-standing member of The New York Society of Security Analysts and The Society of Quantitative Analysts and is the editor of The Grandich Letter, first published in 1984.Under the terms of the agreement, Ridgemont will pay Grandich Publications LLC a monthly fee of US$2,000 and will grant 200,000 incentive stock options to Peter Grandich, managing partner of Grandich Publications LLC. The options are exercisable at a price of CDN$1.11 each, with such options vesting over a twelve month period, and expiring on the 9th day of March, 2016. The agreement is for an initial term of 12 months. The agreement is subject to regulatory approval and all terms are subject to and in accordance with the rules of the TSX Venture Exchange.About RidgemontRidgemont is an exploration and development company in Canada and has an option to acquire up to 75% interest in the Redford iron ore property located 22 kilometres northeast of Ucluelet, in the Alberni Mining Division, Vancouver Island, British Columbia.RIDGEMONT IRON ORE CORP.On behalf of the BoardMark J. Morabito, President & CEOInformation set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, included herein including, without limitation; statements about the production potential of the Redford iron ore property are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Ridgemont undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.