Golden Chalice Resources Inc.

Golden Chalice Resources Inc.

October 12, 2010 20:05 ET

Golden Chalice Resources Shareholders Approve Consolidation and Name Change to Rogue Resources Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 12, 2010) - Golden Chalice Resources Inc. (TSX VENTURE:GCR) (the "Company") is pleased to announce that shareholders of the Company and the TSX Venture Exchange (the "Exchange") have approved the consolidation of the Company's shares on a 9:1 basis. Effective October 13, 2010 the Company will trade under its new name of Rogue Resources Inc. (TSX VENTURE:RRS).


At the Company's Annual General and Special Meeting held on October 6, 2010, shareholders approved a consolidation of its share capital on the basis of one (1) new common share for every existing nine (9) common shares (the "Consolidation"). Where the exchange resulted in a fractional share, the number of common shares will be rounded to the nearest whole common share. The Consolidation will enhance the marketability of the common share as an investment and facilitate additional financings to fund future operations. Shareholder and Exchange approval of the Consolidation has been received with the record date set as October 13, 2010. The Company now has a total 17,456,990 common shares issued and outstanding. As part of the Consolidation, the name of the Company was changed to Rogue Resources Inc.

An updated Company website is under construction and is expected to be announced in the near future.


Rogue Resources is an advanced stage exploration company, with offices in Vancouver, British Columbia and Timmins, Ontario. In addition to its Radio Hill iron-ore project it is currently exploring the Langmuir nickel deposit in Ontario, Carlin type gold occurrences in Nevada, volcanogenic massive sulphide deposits in the Bathurst camp in New Brunswick and several gold targets in northern and western Ontario.

This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the corporation's control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward looking statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

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