Ridgemont Amends Non-Insider Stock Options

Ridgemont Iron Ore Corp. (TSX VENTURE:RDG)(OTCQX:RIOOF) ("Ridgemont" or the
"Company") announces that the Company has amended the exercise price of certain
incentive stock options previously granted to an investor relations service
provider ("IR Consultant") who is not an insider of the Company. The IR
Consultant now holds 200,000 stock options expiring on March 9, 2016, and
100,000 stock options expiring on July 27, 2017, with all stock options having
an exercise price of $0.10. The amendment to the exercise price of the foregoing
stock options is subject to TSX Venture Exchange approval, and none of the stock
options may be exercised until such approval is granted.


About Ridgemont

Ridgemont is a Canadian exploration company looking to acquire, explore and
develop iron ore mineral properties. Ridgemont has an option to acquire a 100%
interest in the Lac Virot Iron Project located in the southern Labrador Trough
and holds a 100% interest in the Maguse River Iron Project located in Nunavut. 


RIDGEMONT IRON ORE CORP.

On behalf of the Board

Mark J. Morabito, Executive Chairman

Cautionary Note Regarding Forward-Looking Information

Information set forth in this news release may involve forward-looking
statements under applicable securities laws. Forward-looking statements are
statements that relate to future, not past, events. In this context,
forward-looking statements often address expected future business and financial
performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may",
"might", "could", "should", or "will" be taken or occur, or other similar
expressions. All statements, other than statements of historical fact, included
herein including, without limitation; statements about future exploration, the
advancement of the Company's properties and the exploration potential of the
properties are forward-looking statements. By their nature, forward-looking
statements involve known and unknown risks, uncertainties and other factors
which may cause our actual results, performance or achievements, or other future
events, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking statements. Such
factors include, among others, the following risks: the need for additional
financing; operational risks associated with mineral exploration; fluctuations
in commodity prices; title matters; environmental liability claims and
insurance; reliance on key personnel; the potential for conflicts of interest
among certain officers, directors or promoters with certain other projects; the
absence of dividends; competition; dilution; the volatility of our common share
price and volume and the additional risks identified in the management
discussion and analysis section of our interim and most recent annual financial
statement or other reports and filings with the TSX Venture Exchange and
applicable Canadian securities regulators. Forward-looking statements are made
based on management's beliefs, estimates and opinions on the date that
statements are made and Ridgemont undertakes no obligation to update
forward-looking statements if these beliefs, estimates and opinions or other
circumstances should change, except as required by applicable securities laws.
Investors are cautioned against attributing undue certainty to forward-looking
statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Ridgemont Iron Ore Corp.
Konstantine Tsakumis
Investor Relations
604-681-8030 x 232
604-681-8039 (FAX)
[e-mail]
www.ridgemontiron.com