Ridgeline Closes Second Tranche of Bought-Deal Private Placement

Completes Full Exercise of Increased Underwriters' Option

CALGARY, Jan. 9, 2012 /CNW/ - Ridgeline Energy Services Inc. (TSX-V: RLE; OTCQX: RGDEF) ("Ridgeline" or the "Company"), an energy services technology and consulting company focused on waste management in the oil and gas industry, announces the second closing of the bought-deal private placement offering (the "Offering") previously announced in a press release dated December 30, 2011.

Pursuant to the terms of the underwriting agreement entered into between the Company and a syndicate of Canadian underwriters (collectively, the "Underwriters"), the Underwriters have elected to fully exercise the remaining $763,800 of the total underwriters' option of $2,500,020.

In total 12,500,100 common shares (the "Common Shares") were sold at $0.60 per Common Share, for gross proceeds of $7,500,060.

The definitive closing follows a TSX Venture Exchange ("Exchange") bulletin dated January 5, 2012 announcing Exchange acceptance of Ridgeline's acquisition of Danzik Hydrological Sciences, LLC and certain Intellectual Property related to the Company's water treatment technology. For further information on this acquisition please see the Company's news releases dated April 20, May 31, and December 30, 2011, and January 5, 2012, all as filed on SEDAR or on the Company's website.

Under applicable Canadian securities laws, the Common Shares are subject to a four-month and one day hold period from the date of issuance. The Company has received conditional approval from the TSX Venture Exchange for the listing of the Common Shares sold and issued pursuant to the Offering, subject to satisfying certain listing conditions of the TSX Venture Exchange.

The proceeds of the Offering will be used by the Company for commercialization, development and working capital.

This news release does not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.  The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, "U.S. persons," as such term is defined in Regulation S under the U.S. Securities Act, unless an exemption from such registration is available.

About Ridgeline Energy Services Inc.

Ridgeline Energy Services Inc. is an energy services technology and consulting company focused on waste management in the oil and gas industry.  Through its subsidiary Ridgeline Water Inc., 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 energy majors in the application of its technology for the recycle and reuse of; produced and hydraulic fracturing water; enhanced recovery chemical flood water; and oil sands process water. As well the Company is utilising 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.


"Tony Ker"

Tony Ker

"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)

David Waldman at Crescendo Communications
Investor Relations
(212) 671-1021 (New York)

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Ridgeline Energy Services Inc.

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