Toronto, Ontario -- February 3, 2012 Ring of Fire Resources Inc. (the "Company") (TSX-V:ROF, FRANKFURT: RG5, OTC.PK:HWKPF) is pleased to announce that it has closed off its non brokered private placement of flow-through units (the "FT Units") and common share units ("CS Units") following receipt of additional subscription agreements for a total of 454,545 additional FT Units at a cost of $49,999,95, and a total of 1,900,000 additional CS Units at a cost of $209,000. No further subscriptions agreements will be accepted under the terms of this offering, and the closings for these subscriptions are scheduled to be completed by February 6, 2012.
