Toronto, Ontario -- August 4, 2011 Ring of Fire Resources Inc. (the "Company" or "ROF") (TSX-V:ROF, FRANKFURT: RG5, OTC.PK:HWKPF) announces that it has engaged IBK Capital Corp to divest its 36.75% interest in its McNugget JV Project for cash. Macdonald Mines Exploration Ltd., ("BMK") has the remaining 63.25% interest in the project and is the operator.
