Toronto, Ontario -- April 18, 2011 Ring of Fire Resources Inc. (the "Company" or "ROF") (TSX-V:ROF, FRANKFURT: RG5, OTC.PK:HWKPF) announces that it has reached agreement with four service providers and three members of senior management (two of whom are also directors) (the "Creditors") to settle debt in the aggregate amount of $45,099.39 for certain services rendered during the period from September 1, 2010 to December 31, 2010, and with all five of its non-management directors (the "Non-Management Directors") to settle debt for director compensation in the aggregate amount of $19,250 for their services on the Company's board of directors during the period from July 13, 2010 to February 28, 2011. The Creditors and Non-Management Directors have agreed to settle their respective portions of the debt in exchange for common shares of the Company ("Common Shares") at a deemed price of $0.10 per Common Share, for an aggregate issuance of 643,493 Common Shares.
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2011 News Releases
