Incentive Stock Options

Ringbolt Ventures Ltd.

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

March 17, 2011 TSX-V: RBV

News Release

Incentive Stock Options

VANCOUVER, March 17, 2011– Ringbolt Ventures Ltd. (TSXV: RBV) (the “Company”) announces further to its February 4, 2011 news release, it will not proceed the granting of 900,000 options at a price of $0.31 per share. Instead the Company is granting options to buy 1,975,000 shares to certain directors, officers and consultants. These options are exercisable for up to five years at a price of $0.39 cents per share.

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 press release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.