REDWATER MOURNS THE PASSING OF RICHARD COHEN

RED: TSX Venture Exchange

OKOTOKS, AB, June 7, 2011 /CNW/ - RedWater Energy Corp. ("RedWater") (TSXV:RED) is deeply saddened to report the sudden death of Richard Cohen, one of its directors.

Richard served as a board member of RedWater since its founding in 2008. He was an instrumental member of the team and used his years of experience to provide guidance and clear thinking to the board and management of RedWater. He was dedicated to the advancement and progress of the Company.

He will be sadly missed by all those that were fortunate to work with him. Our thoughts today are with his wife and family.

"Richard has been a great longtime friend. Anyone who knew him knew that he was the eternal optimist. At a recent meeting an investor told me that what he liked the most about Richard is the fact that he never gives up. He never gave up, he always persevered and he made a lot of friends," Gary Waters, President.

We extend our deepest condolences.

ON BEHALF OF THE BOARD

signed "Gary Waters"
Gary Waters
Chairman, President and Chief Executive Officer

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 release.

SOURCE RedWater Energy Corp.

For further information:

Gary Waters
Chairman, President and Chief Executive Officer
Tel.: (403) 995-0465
gwaters@redwaterenergy.com

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