Private Placement

Ringbolt Ventures Ltd.

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

February 8, 2011 TSX-V: RBV

News Release

Private Placement

VANCOUVER, February 8, 2011 – Ringbolt Ventures Ltd. (TSXV: RBV) (the “Company”) is pleased to announce that it has entered into a non-brokered 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. Each unit will consist of 1 common share and 1 share purchase warrant for the purchase of 1 further common share of the Company within two years at the price of $0.40 per share. The funds shall be used for the Company’s unallocated working capital and exploration programs. The maximum allowable finder’s fee shall be payable.

These transactions are subject to regulatory approval.

On behalf of the Board of Directors

Ringbolt Ventures Ltd.

“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 RELEASE.