Toronto, Ontario -- December 23, 2011 Ring of Fire Resources Inc. (the "Company") (TSX-V:ROF, FRANKFURT: RG5, OTC.PK:HWKPF) is pleased to announce that it has closed the first tranche of a non brokered private placement of flow-through units, which included a total of $1,000,000.00 of flow-through units purchased by the MineralFields Group., and $476,020 placed in part with the assistance of IBK Capital Corp.
