Bridge Resources Corp. Successfully Completes First Phase of Strategic Review

Bridge Resources Corp (TSX VENTURE:BUK) and its joint venture partner Paramax
Resources Ltd (TSX-V: PXM) are pleased to announce that the process undertaken
by Meagher Energy Advisors, the US firm specializing in asset acquisitions and
divestitures, to review strategic options for the Western Idaho assets of the
Joint Venture, including the Willow-Hamilton Development area, was successfully
completed on December 13th. 


A number of proposals were received and the Joint Venture partners are now in
negotiations to finalize the definitive terms and conditions of a sale of the
Willow-Hamilton Development area. Separately, Bridge is in negotiations
regarding a farm-in to its leasehold acreage position outside of the
Willow-Hamilton Development area. It is hoped that these negotiations will be
completed shortly whereupon a further public announcement will be made.


Statements in this press release may contain forward-looking information. While
management believes that the expectations and assumptions underlying such
forward-looking information are accurate, the reader is cautioned that the
expectations and assumptions used in the preparation of such information may
prove to be incorrect.. Events or circumstances may cause actual results to
differ materially from those predicted, a result of numerous known and unknown
risks, uncertainties, and other factors, many of which are beyond the control of
Bridge. These risks include, but are not limited to: general risks associated
with the oil and gas industry and the exploration, development and production of
oil and natural gas; and risks associated with changes in commodity prices and
exchange rates. Industry related risks could include, but are not limited to,
operational risks in development and production, delays or changes in plans,
risks associated to the uncertainty of reserve estimates, or reservoir
performance, health and safety risks and the uncertainty of estimates and
projections of production, costs and expenses. The reader is cautioned not to
place undue reliance on this forward-looking information.