Ringbolt Acquires Potash Drill Data

VANCOUVER, BRITISH COLUMBIA, May 20 (MARKET WIRE) --
Ringbolt Ventures Ltd. (TSX VENTURE: RBV)(FRANKFURT: 3OZ) is pleased to
announce it has obtained data on 33 oil and gas wells on their Potash
prospecting and exploration permits in the Moab area of Utah. The cost of
reproducing this data today would be more than $15 million Dollars. The
data consists of radiometric electric logs, which can detect the presence
of potassium (potassium is one of the three naturally occurring
radioactive elements). In 1/2 of the wells the data also includes
chemical analyses of some of the potash beds. The wells were drilled in
the 1950s and 1960s, before the NI 43-101 requirements were in place, so
the results of the data must be viewed as historical in nature. The
majority of the wells drilled are on or near the permit area. The wells
penetrated two significant potash beds, identified by earlier workers as
potash beds #5 and #9. Bed #9 is especially well developed on 2,800 acres
of the property; it averages in thickness 11 feet and grades 22%
potassium oxide (K2O). The Stratigraghic nature of the Potash
Mineralization makes the entire property prospective for Potash beds #5
and #9. The company is currently analyzing the rest of the data. This
project is located within 40 miles of Intrepid Potash's Moab Potash Mine.

The companies plan to conduct an aggressive exploration and development
program on their property.

Ringbolt Ventures is focusing on the acquisition and development of
assets in the agricultural sector. Ringbolt recognizes the impending
worldwide shortage of potash for fertilizer usage, and accordingly has
joined forces with Bua USA LLC., a Southern Utah company based in Moab,
Utah. Ringbolt owns 90% of Bua USA LLC. Moab is in the Paradox Basin, one
of the largest known evaporate basins in North America. The basin is
believed to contain billions of tons of potash-bearing rocks in the form
of sylvite (potassium chloride). Bua has applied for 86,000 acres of
prospecting and exploration permits in the basin under application.

Stuart Havenstrite CPG, a Qualified Person under NI 43-101, has approved
the technical content of this news release.

RINGBOLT VENTURES LTD.

On behalf of the Board of Directors

Jason Walsh, Director

TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this News Release.

Contacts:
Ringbolt Ventures Ltd.
Jason Walsh
Director
(604) 682-1643
(604) 682-1666 (FAX)

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