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Ridgeline Energy Services Inc. (TSX-V: RLE; OTCQX: RGDEF) announced its bought deal offering on May 14, 2012 of 2,857,000 common shares in the capital of Ridgeline at $0.70 per Common Share for gross proceeds of approximately $2 million has been increased by approximately $8 million, to $10,000,200. The Offering is being underwritten by a syndicate of underwriters (collectively, the "Underwriters") in Canada. Ridgeline has also granted to the Underwriters an over-allotment option to purchase an additional 2,143,000 of Common Shares on the same terms, exercisable in whole or in part at any time prior to 30 days after closing of the Offering. If the Over-Allotment Option is exercised in full, the total gross proceeds to Ridgeline from the sale of Common Shares under the Offering will be approximately $11.5 million.

The net proceeds received by the Company from the Offering and Over-Allotment Option will be used for commercialization, acquisitions, development, and working capital.

The Offering is scheduled to close on or about the week of June 4^th, 2012 or as otherwise determined by the Company and Underwriters and is subject to certain customary conditions including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange and the securities regulatory authorities. The Common Shares will be offered by way of a short-form prospectus to be filed in such provinces of Canada (except Quebec), where the Common Shares are sold, pursuant to National Instrument 44-101 - Short Form Prospectus Distributions and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.