Rolling Rock Resources Corporation
TSX VENTURE : RLL

Rolling Rock Resources Corporation

May 06, 2010 08:01 ET

Rolling Rock Resources Corporation and Red Sucker Lake First Nation Conclude Memorandum of Understanding for Monument Bay Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 6, 2010) - Rolling Rock Resources Corporation (the "Company") (TSX VENTURE:RLL) has signed a Memorandum of Understanding (MOU) with Red Sucker Lake First Nations to cover certain portions of the Company's Monument Bay project that lie within the traditional lands of the Red Sucker Lake FN. The MOU is modeled on the Memorandum of Understanding between the Mining Association of Manitoba and the Manitoba Keewatinowi Okimakanak, Inc., a Manitoba First Nation organization.

The MOU is the first step in the process of engagement between the Company and the Red Sucker Lake FN to promote greater participation in the mineral industry by the Red Sucker Lake FN as well as greater understanding and co-operation between the Red Sucker Lake FN and the Company. The MOU is intended to enhance and support the recognition and an enhanced mutual understanding of constitutionally established aboriginal and treaty rights and economic development processes and opportunities within the current regulatory framework for both parties.

The Company's most advanced project is the 100% owned Monument Bay for which a Preliminary Economic Assessment (scoping) study was completed in February 2009, confirming an inferred resource of 6,304,000 tonnes grading 5.98 g/t gold containing 1,212,000 ounces of gold. The full study can be viewed on the Company's website www.rollingrockresources.com or on the Company's profile on www.sedar.com.

The Company has contracted with Keystone Environmental Ltd. to undertake an Environmental Baseline Study (EBS). This EBS will aid in the process for Advanced Exploration Permits and will be an integral component for consideration in future mine feasibility studies, project planning and streamlining the requirements towards the application for a mine permit as required under the Canadian Environmental Assessment Act.

Sean Butler, P.Geo. is the qualified person for this release under National Instrument 43-101.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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