Close Private Placement

Ringbolt Ventures Ltd.

Suite 306 - 595 Howe Street, Vancouver, BC V6C 2T5 Telephone: (604) 638-7382 Facsimile: (604) 871-9926

March 15, 2011 TSX-V: RBV

News Release

Close Private Placement

VANCOUVER, March 15, 2011 – Ringbolt Ventures Ltd. (TSXV: RBV) (the “Company”) is pleased to announce that it has closed a private placement for the sale of 12,000,000 units at a price of $0.26 per unit for a total of $3,120,000, where each unit consists of one common share of the Company and one share purchase warrant having a two year term for the purchase of one further common share of the Company at the exercise price of $0.40 per share. All of the securities issued under the private placement are subject to a four-month hold period expiring July 12, 2011. The Company shall pay finders' fees of a total of $50,700 in cash and 165,000 in compensation warrants wherein the compensation warrants shall have a term of 2 years and an exercise price of $0.40 per share.

“Simon Tam”

Simon Tam Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.