Red Rock Energy Inc.
TSX VENTURE : RRK

Red Rock Energy Inc.

October 15, 2007 17:00 ET

Red Rock Announces Completion of First Stage of Airborne Survey

CALGARY, ALBERTA--(Marketwire - Oct. 15, 2007) - Red Rock Energy Inc. (TSX VENTURE:RRK) announced today that it has completed the deep-penetrating airborne Megatem survey of its Red Block 3 properties south of the Beaverlodge - Uranium City mining district. The survey was conducted by Fugro Airborne Surveys and data generated from the program has been sent to the appropriate laboratory for further processing. Results are expected to be available in the next month.

In addition, the Uranium City-based staff and drilling crew continue with the execution of the drilling program on Red Block 1, with the crew specifically focusing on the splitting of cores for delivery to an assay laboratory for assay testing. Results from this ongoing and detailed program will also be forthcoming. In commenting on the progress of these activities, Sandy Loutitt, President, stated: "Our crews have been extremely busy this fall, as we push to accumulate as much data as possible on the potential of our Uranium City properties. The results generated to date have been encouraging, and the effective conduct of our operations by our crews has aided greatly in the collection of the data necessary to complete our exploration programs."

READER ADVISORY

Statements in this press release may contain forward-looking information including expectations of future production, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the mining industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.

The reader is further cautioned that the preparation of financial statements in accordance with generally accepted accounting principles requires management to make certain judgements and estimates that affect the reported amounts of assets, liabilities, revenues and expenses. Estimating reserves is also critical to several accounting estimates and requires judgments and decisions based upon available geological, geophysical, engineering and economic data. These estimates may change, having either a negative or positive effect on net earnings as further information becomes available, and as the economic environment changes.

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

Contact Information

  • Red Rock Energy Inc.
    Sandy Loutitt
    President
    (403) 685-1047
    or
    Red Rock Energy Inc.
    Lara Cull
    Operations Manager
    (403) 685-1047
    Website:: www.redrockenergy.ca
    or
    Macam Investor Relations
    Cameron MacDonald
    (403) 695-1006 or Toll Free: 1-866-264-0743