Red Rock Energy Inc.
TSX VENTURE : RRK

Red Rock Energy Inc.

September 30, 2010 12:28 ET

Red Rock Announces Holding of Annual General Meeting

Red Rock Energy Inc. Announces Holding of Annual General Meeting; Resignation of a Director

CALGARY, ALBERTA--(Marketwire - Sept. 30, 2010) - Red Rock Energy Inc. (TSX VENTURE:RRK) ("Red Rock" or the "Corporation") announces the successful completion of its 2010 Annual General Meeting. Held on September 22, 2010, the shareholders of the Corporation approved the financial statements of Red Rock for the period ending December 31, 2009, approved the appointment of auditors, approved the Corporation's option plan, and elected the Board of Directors. Messrs. Sandy Loutitt, Brent Walter, David M. Lewis, Johannes Kingma and David Pinkman were re-elected to the Board for the ensuing year. Shortly after his re-election, Mr. Kingma determined that his other duties conflicted with his ability to act as a director of Red Rock, and he submitted his resignation to be effective immediately.

Sandy Loutitt, President of Red Rock, in commenting on these developments, stated: "We wish Mr. Kingma well in his other ventures, and thank him for his service to Red Rock. With the reappointment of our current Board, we expect to proceed with the continued development of our Uranium City project, as well as proceeding with other projects management is considering."

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
    www.redrockenergy.ca