Bridge Resources Corp. Announces Closing of Financial Reorganization Plan

Bridge Resources Corp. (the "Corporation") (TSX VENTURE:BUK), is pleased to
announce that it has completed its previously announced transaction (the "Asset
Sale") involving the sale of all or substantially all of the Corporation's
assets on April 5, 2012, as detailed in the Corporation's Notice of Meeting and
Proxy Statement and Information Circular dated March 6, 2012 and approved by
shareholders on March 30, 2012. The Corporation intends to file articles of
amendment giving effect to the share consolidation and name change to Idaho
Natural Resources Corp. that were also overwhelmingly approved by shareholders
on March 30, 2012, in due course. 


In connection with the transactions contemplated by the Asset Sale, a private
oil and gas company ("PrivateCo") acquired a 36% interest in the Corporation's
Willow Hamilton Development Area in exchange for US$1.5 million. PrivateCo also
acquired an 85% working interest of the Corporation's 100% leased acreage
outside of the Willow Hamilton Development Area (the "Idaho Acreage") in
exchange for a 15% carried working interest (the "15% CWI") in a US$8 million
exploration work program of the Idaho Acreage over a 24 month period following
closing. As part of the Asset Sale and in exchange for the release and discharge
of the Corporation's aggregate secured debt, accrued interest and fees of
approximately US$48 million owed to its senior lending syndicate (the
"Syndicate"), the Syndicate was issued a 6% net profits interest in the Willow
Hamilton Development Area, a 14% working interest in the Willow Hamilton
Development Area, a 4.5% carried working interest (out of the 15% CWI) in the
Idaho Acreage, a 3% overriding revenue royalty interest over the 15% CWI and the
Corporation's net profits interest in the Durango field and well from the North
Sea, as well as certain residual cash proceeds. Also in connection with the
Asset Sale, and in exchange for the general release and discharge of an
outstanding promissory note of approximately US$20 million in favor of Conig 818
LLC ("Conig"), the Corporation granted a 3.5% carried working interest (out of
the 15% CWI) in the Idaho Acreage and a US$4 million secured promissory note
with an 18 month term and a 10% per annum interest rate to Conig. 


Following the Asset Sale, the Corporation continues to have a 7% carried working
interest in the Idaho Acreage. The Corporation will be transferred to the NEX
board of the TSX Venture Exchange. 


Cautionary Note Regarding Forward-Looking Statements 

Except for the statements of historical fact contained herein, certain
information presented herein constitutes "forward-looking statements". More
particularly, this press release contains statements concerning the
Corporation's intention of filing articles of amendment. The forward-looking
statements contained in this document are solely opinions and forecasts which
are uncertain and subject to risks. Forward-looking statements include but are
not limited to uncertainties and other factors which may cause the actual
results, performance or achievements of the Corporation to be materially
different from any future results, performance or achievements expressed or
implied by such forward-looking statements. These forward-looking statements are
not guarantees of future performance and are subject to a number of known and
unknown risks and uncertainties, including, but not limited to: non-performance
of agreements in accordance with their terms; the impact of competition;
commodity prices; regulatory environment and inability to obtain required
regulatory approvals; tax laws and treatment; the ability of the Corporation to
raise sufficient capital to complete future projects and satisfy future
commitments; labour and material shortages; and certain other risks detailed
from time to time in the Corporation's public disclosure documents which can be
found at www.sedar.com. Although the Corporation has attempted to identify
important factors that could cause actual results to differ materially, there
may be other factors that cause results not to be as anticipated, estimated or
intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers are cautioned that the
assumption used in the preparation of the forward-looking statements, although
considered reasonable at the time of preparation may prove to be imprecise and,
as such undue reliance should not be placed on forward-looking statements. 


The forward-looking statements contained in this press release are made as of
the date of this press release. Except as required by law, the Corporation
disclaims any intention and assumes no obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by applicable securities law.
Additionally, the Corporation undertakes no obligation to comment on the
expectations of, or statements made, by third parties in respect of the matters
discussed above.