Toronto, Ontario -- November 9, 2010 Ring of Fire Resources Inc. (the "Company" or "ROF") (TSX-V:ROF, FRANKFURT: RG5, OTC.PK:HWKPF) announces that following the receipt of a TSX Venture Exchange (the "Exchange") approval to settle debt with nine of its service providers and two of its creditors (the "Creditors") in the aggregate amount of $113,600.39 for certain services rendered by the service providers during the year to August 31, 2010 and to settle a debt payable to the two joint creditors (the "Joint Creditors"), the Company has issued to the Creditors an aggregate number of 1,136,002 Common Shares to settle their respective portions of the debt at a price of $0.10 per Common Share.
