VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 11, 2013) - Rogue Iron Ore Corp. (TSX VENTURE:RRS) ("Rogue" or the "Company") wishes to announce that as a part of its plans to conserve capital, it has renegotiated the annual payments due on its Radio Hill iron ore property. The $50,000 payment due in January 2013 will be paid as to $25,000 in cash and 1,000,000 shares, subject to a six month hold period. The January 2014 payment for a further $50,000 may also be paid in a combination of cash and shares, at the vendors' option and valued at the then market price.
The Company will be providing an update on recent exploration results as well as various corporate initiatives in the very near future.
ABOUT ROGUE IRON ORE
Rogue Iron Ore Corp. is a Canadian exploration and development company with offices in Vancouver, British Columbia and Timmins, Ontario. Rogue's flagship asset, the Radio Hill iron ore project, has exceptional infrastructure support which includes a highway, power, water, natural gas and an active railway siding on site providing access to the CN Rail mainline. The project is competitively positioned to access North American and overseas markets.
The Company has a diverse project portfolio of properties including its wholly owned Langmuir nickel deposit in Ontario, a zinc-lead-copper discovery in Bathurst, New Brunswick and a number of gold properties near Timmins, Ontario, Kirkland Lake, Ontario and Val-d'Or, Quebec.
ON BEHALF OF THE BOARD OF DIRECTORS
John de Jong, CEO & President
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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 news release.
Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this release constitutes forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to obtain any government or other regulatory approvals required to complete the Company's planned exploration activities or the Private Placement, that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis, or be able to close the Private Placement and receive the requisite governmental or regulatory approvals. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.