Rocky Mountain Resources Corp.

Rocky Mountain Resources Corp.

November 06, 2009 15:19 ET

Rocky Mountain Announces Sale of Paris Hills Mineral Claims

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 6, 2009) - ROCKY MOUNTAIN RESOURCES CORP. (TSX VENTURE:RKY) is pleased to announce that, further to its previous announcement on October 9, 2009, its wholly-owned subsidiary, RMP Resources Corp. ("RMP"), has completed the sale of its interest in the Paris Hills Phosphate/Vanadium Property, located in Bear Lake County in Idaho, USA to a subsidiary of Stonegate Agricom Ltd. ("Stonegate"). As consideration for the sale, RMP received $1,000,000 in cash and 6,000,000 common shares of Stonegate valued at $0.50 per common share.

Stonegate is a private Canadian company engaged in the acquisition, exploration and development of agricultural nutrient projects. Stonegate's focus is the development of phosphate rock projects in the Americas. Stonegate's majority shareholder is Sprott Resource Corp. (TSX:SCP).


Brian J. McAlister, President

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