SOURCE: Pepper Rock Resources Corp

Pepper Rock Resources Corp

April 13, 2011 07:00 ET

Pepper Rock Resources Announces Intent for Capital Raise

LOS ANGELES, CA--(Marketwire - Apr 13, 2011) - Pepper Rock Resources Corp. (OTCBB: PEPR) (PINKSHEETS: PEPR) (the "Company") wishes to advise that the Company is negotiating an offering of its common stock as part of a private placement offering in order to facilitate a capital raise of US$1,000,000. The offering will be priced at $0.50 per share and includes a warrant to purchase one (1) additional share for each share subscribed for at an exercise price of $1.00 share, which may be exercised over a two (2) year period subject to a voluntary hold for the first year.

The Company has been informed of a preliminary notification of interest from qualified investors regarding their intention to participate in the offering. The Company anticipates that the potential investors will subscribe for the entire offering, but it should be noted that at this time, no letter of intent or other binding agreement has been executed by any party.

Pepper Rock Resources plans to use proceeds of the proposed capital raise to further the exploration of the Company's Alexandria and Man Prime joint venture properties located in British Columbia, Canada. The JV opportunities aim to rapidly develop the Alexandria and Man Prime properties. The Company is eager to capitalize on record silver prices that appear to have taken on an upward trend with many signs for unabated price increases.

Silver for May delivery in New York climbed as much as 3.4 percent to $41.975 an ounce, the highest level since January 1980, when futures reached a record $50.35. The upward trend appears to be caused by factors which indicate the recent economic recovery may not be sustainable. The trend is further driven by continued weakness in the US dollar.

Pepper Rock Management will endeavor to conclude negotiations in a timely manner consistent with commonly accepted commercial practices, and will make further announcements when events transpire.

This advisement shall not constitute an offer to sell or the solicitation of an offer to buy securities of Pepper Rock Resources Corp. Additional details regarding the Company, its business and agreements are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For more information visit: www.pepperrock.co.

ABOUT PEPPER ROCK RESOURCES CORP. (OTCBB: PEPR)
Pepper Rock Resources is a junior explorations-stage company with developing interests in natural resource exploration and development opportunities in production-friendly North American jurisdictions. For more information visit: www.pepperrock.co.

Notice Regarding Forward-Looking Statements
This press release contains forward-looking statements that reflect the Company's current expectation regarding future events. Forward-looking statements involve risks and uncertainties. Actual events could differ materially and substantially from those projected herein and depend on a number of factors. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the Company to be different from those expressed or implied. Certain statements in this release, and other written or oral statements made by the Company, including the use of the words "expect," "anticipate," "estimate," "project," "forecast," "outlook," "target," "objective," "plan," "goal," "pursue," "on track," and similar expressions, are "forward-looking statements" and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The Company assumes no obligation and does not intend to update these forward-looking statements.

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