Rocky Mountain Resources Corp.

Rocky Mountain Resources Corp.

April 06, 2010 09:00 ET

Rocky Mountain Enters Into Advisory Services Agreement with Byron Capital Markets

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 6, 2010) - Rocky Mountain Resources Corp. ("Rocky Mountain" or the "Company") (TSX VENTURE:RKY) has entered into an Advisory Services Agreement with Byron Capital Markets, a division of Byron Securities Ltd. of Toronto. Under the terms of the agreement, Byron will introduce Rocky Mountain capital market participants and other strategic investors; provide strategic advice to maximize shareholder value; assist with advice on Rocky Mountain's strategic external growth initiatives including mergers, acquisitions and joint ventures; and make introductions and structure relationships with strategic business partners.

Bill Radvak, Rocky Mountain's President & CEO, stated, "Byron, building on its leadership in the investment banking of lithium companies, has now also focused attention on vanadium, which is growing in importance as an alloying metal used to strengthen steel as well as the emerging uses with lithium vanadium batteries and storage cells for renewable energy. We are very excited about teaming up with Byron and are aggressively pursuing the opportunity of supplying vanadium for the battery industry. With virtually all world primary production of vanadium coming from China, South Africa and Russia, the Company's Gibellini Project, being located in Nevada, gives the Company the strategic opportunity to become North America's first and only primary producer of vanadium."

Byron Capital Markets, a division of Byron Securities Limited, is a Toronto-based institutional investment dealer focused on small and mid market capitalization companies primarily in the energy and mining sectors. Byron is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and provides companies with a full range of investment banking and advisory services to assist them through their various stages of development and growth.

Pursuant to the terms of the agreement, Byron will act as a nonexclusive business advisor for an initial six month term, renewable on monthly basis after the initial term at a fee of $5,000 per month. The agreement may be terminated by either party upon 30 days written notice.

The Company also announces the granting of a 50,000 stock options at the exercise price of $0.75 for a term of five years to a contractor. The stock options are granted pursuant to the Company's Stock Option Plan, as amended.

Jon Hykawy, PhD, MBA, of Byron Capital Markets has published a research report entitled: Vanadium: The Supercharger which can be found on Rocky Mountain's website: A Scoping Study of the Gibellini Project has been completed by AMEC E&C Services and is available on Sedar and also on the Company's website


Bill Radvak, President & CEO

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the accuracy of this release.

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