2009-09-24-2009-08-26-2009-11-12

Purchased 50% WI in 5 wells in Boise Basin, ID & OR.

Bridge Energy Inc., a subsidiary of Bridge Resources Corp., Calgary, (TSX: BUK) has closed its acquisition of a 50% interest in five wells in the Boise Basin in Idaho and Oregon from Paramax Resources Ltd., Calgary, (TSX: PXM) for C$1.56 million. Bride Energy paid 6,500,000 shares at C$0.24 per share. Paramax retained a 50% nonoperated interest. The wells, which range in depth from 4,500 to 7,000 feet, will target shallow gas and deep oil reservoirs. Bridge says several older wells in the area flowed gas to surface at rates up to 400,000 cubic feet per day, with two of the four deeper wells recording oil shows. The companies plan to jointly drill five wells this winter. As a result of being upgraded to a Tier 1 issuer, Bridge says 5.96 million of its common shares will be released from escrow, with all remaining 1.63 million shares to have been released on or near Sept. 8.