Ridgeline Files Amended 2010 Unaudited Financial Statements and MD&A

/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./

CALGARY, June 1, 2012 /CNW/ - Ridgeline Energy Services Inc. (TSX-V: RLE) (OTCQX: RGDEF) ("Ridgeline" or the "Company"), an energy services and water treatment company, announces that it has filed on SEDAR amended and restated unaudited interim financial statements and management's discussion and analysis ("MD&A") for the quarters ended June 30, 2010, September 30, 2010 and December 31, 2010.  The most recent annual and quarterly financial statements for the year ended March 31, 2011, and the three most recently filed quarters (June 30, 2011, September 30, 2011 and December 31, 2011) do not require amendment. These filings have no impact on the financial statements and MD&A's relating to calendar 2011 and are being made to ensure that they are consistent with those from 2011 which had already incorporated amendments in the 2010 comparative period.

Further information about the filings can be found on SEDAR (www.sedar.com).

About Ridgeline Energy Services Inc.

Ridgeline Energy Services Inc. is an energy services and water treatment company. The Company is applying proprietary technology to treat the large volumes of contaminated water generated by oil and gas production.  The Company is working with major oil & gas companies in the application of its technology for the recycle and reuse of; produced and hydraulic stimulation flowback water; enhanced recovery chemical flood water; and oil sands process water. As well the Company is applying its technology in the testing and treatment of commercial and industrial waste water. Through its environmental consulting and remediation subsidiaries, Ridgeline Environment Inc. and Ridgeline GreenFill Inc., the Company has built a reputation as an established provider of environmental services to North America's oil and gas industry. The Company trades on the TSX Venture Exchange under the symbol "RLE" and the OTCQX as "RGDEF". Additional information is available on the Company's website at: www.ridgelinecanada.com.

ON BEHALF OF THE BOARD OF DIRECTORS

"Tony Ker"
Tony Ker, CEO

"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 news release. This news release may contain forward-looking statements. Forward-looking statements address future events and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. Such information is subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward-looking information.  Readers are cautioned not to place undue reliance on forward-looking information, as no assurances can be given as to future results, levels of activity or achievements."


SOURCE Ridgeline Energy Services Inc.

For further information:

Ryan Johnson of Ridgeline Energy Services Inc.

Corporate Development
(604) 566-8066 ext. 3 (Vancouver)
rjohnson@ridgelinecanada.com

David Waldman at Crescendo Communications

Investor Relations
(212) 671-1021 (New York)
dwaldman@crescendo-ir.com

Profil de l'entreprise

Ridgeline Energy Services Inc.

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