Rockgate Capital Corp.
TSX VENTURE : RGT

Rockgate Capital Corp.

January 31, 2007 13:30 ET

Rockgate Capital Corp.: Falea Uranium Copper Project Drilling Contract Signed, Exploration Program Commencing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 31, 2007) - Rockgate Capital Corp. ("Rockgate") (TSX VENTURE:RGT) is pleased to announce that its joint venture partner Delta Explorations Inc. ("Delta") has signed a contract with BLY Mali S.A. ("BLY") a subsidiary of Boart Longyear Inc. to provide diamond drilling services on the Falea Uranium-Copper Property located in western Mali, West Africa.

Mobilization of the drilling equipment and technical team to Falea will begin in mid-February with drilling to commence immediately thereafter. Rockgate and Delta plan to diamond drill a minimum of 5,000 metres, testing the Kania Formation, a favorable stratigraphic horizon for uranium and copper mineralization as indicated by historical results obtained by Cogema in the late 1970s and early 1980s.

The Falea exploration permit covers 150 square kilometres of the Falea-North Guinea-Senegal basin, a Neoproterozoic sedimentary basin marked by significant radiometric anomalies. Rockgate has the option to earn a 60% interest in the Falea project from Delta by spending $1.5 million over 2 years.

In separate news, Mr. Krister Kottmeier an independent director of Rockgate has tendered his resignation as a director in order to pursue his other commitments. The board wishes to thank Kris Kottmeier for his services since the Company's inception.

Mr. Lorne Warner, P. Geo, Director and VP Exploration is the Qualified Person for the Company under NI 43-101.

ON BEHALF OF THE BOARD OF DIRECTORS OF ROCKGATE CAPITAL CORP.

Karl Kottmeier, President

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.

Contact Information

  • Rockgate Capital Corp.
    Karl Kottmeier
    President
    (604) 961-9212