Black Ridge Oil & Gas, Inc. will participate in a core acreage swap in Williams County, North Dakota.

In exchange for approximately 950 net acres in Black Ridge's Rainbow Field drilling units covering Sections 17, 18, 19, and 20 in Township 158 North, Range 98 West in Williams County, North Dakota, Black Ridge will receive: • 7.5% working interest (WI) in the drilling unit consisting of Sections 13 & 14 of Township 154 North, Range 99 West, in the Stockyard Creek Field; • 8.4% WI in the drilling unit consisting of Sections 14 & 15 of Township 154 North, Range 99 West, in the Stockyard Creek Field; and • A drilling carry on the retained 151 net non-operated acres in the Rainbow Field.

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