Independence Energy Corp. Reports Drilling Rig Arrival at Shields-MEI #105H Horizontal Well Site in Coleman County, Texas

SEAL BEACH, CA--(Marketwire - May 21, 2012) - Independence Energy Corp. (OTCBB: IDNG) (the "Company" or "Independence Energy") is pleased to announce that the Company has received confirmation that the contracted drilling rig for the Shields-MEI #105H Horizontal Well has arrived at the proposed well site in Coleman County, Texas. MontCrest Energy Inc. ("MEI"), the project operator, has elected to modify the original drill program schedule and plans to drill the Shields-MEI #105H as the first well of the two well MontCrest Drill Program. Drilling of the Vaughn-MEI #106 vertical well is scheduled to begin immediately following the completion of the Shields-MEI #105H.