Idaho Natural Resources Corp. (NEX:IDN), is pleased to announce the formation of a strategic Advisory Board, which will include Bruce Trudgill, Dan Reid and Tom Wright.

Bruce Trudgill

Mr. Trudgill has been a Professor of Petroleum Geology at the Colorado School of Mines since 2003. He specializes in a number of areas including analysis of rift basins on a global basis. Bruce has consistently undertaken consultancy and advisory contracts with a number of companies including Statoil, Amerada Hess, Shell and PEMEX and Maersk. He has a Ph.D. in Structural Geology from Imperial College in London, is a member of the American Association of Petroleum Geologists and the European Association of Geoscientists and Engineers. Mr. Trudgill brings a global perspective and rift expertise to the Corporation's work in the Western Idaho Rift Basin.

Dan Reid

Mr. Reid has over 25 years of business and commercial development and management experience in the oil and gas industry. Mr. Reid has a Masters of Business Administration from the Colorado State University Executive Program and has been involved in various acquisition and divestiture projects ranging from $25 to $500 million. Mr. Reid's professional memberships and associations include, among others, the American Association of Professional Landmen, the Denver Association of Professional Landmen and the Association of International Petroleum Negotiators. Mr. Reid brings a depth of expertise in contract negotiations and land acquisition.

Tom Wright

Mr. Wright has over 30 years' experience in oil and gas exploration and production, divestitures and business development and has participated and advised in an aggregate of $300 million of oil and gas transactions. Mr. Wright is experienced in managing relationships with commercial banks, investment bankers, reserve engineers and independent auditors in various capacities ranging from unconventional energy projects to early stage exploration and production assets. Mr. Wright is affiliated with the Independent Petroleum Association of Mountain States and the Rocky Mountain Association of Geologists.

The Corporation also announces that the board of directors have approved the granting of options to acquire an aggregate of 15,000 common shares in the capital of the Corporation to the members of the Advisory Board. The options have an exercise price of $0.375 per Share and expire on July 18, 2017. The board of directors also previously approved the granting of options to acquire an aggregate of 76,250 Shares on May 1, 2012 to certain officers, directors and employees of the Corporation at an exercise price of $0.375 per share with an expiry date of May 1, 2017. All of the options vest as to 1/3 on each of the first, second and third anniversary of their respective grant date.