Rogue Iron Ore Corp.
TSX VENTURE : RRS

Rogue Iron Ore Corp.

April 12, 2012 09:08 ET

Rogue Iron Ore Appoints Ronald Mariani VP Operations

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 12, 2012) - Rogue Iron Ore Corp. (TSX VENTURE:RRS) (the "Company") is pleased to announce the appointment of Ronald Mariani, Mineral Processing Engineer, as VP Operations. Mr. Mariani is an iron ore specialist with 32 years of experience in the iron ore industry having worked with all Cleveland Cliffs iron mining operations in North America. In addition to his industry operations experience, Ron has also worked recently with mining companies in North America and Europe as a consultant participating in or facilitating feasibility and scoping studies, process improvement initiatives and operational reviews.

Prior to becoming an independent consultant, Ron was assistant General Manager of Cliffs Michigan Mining which included the combined Tilden and Empire mining operation, two processing plants, two pelletizing facilities and a railroad and dock facility with a total operating budget in excess of $500 million. His efforts were primarily focused on management of the processing and pelletizing plant operations with a total annual pellet production of over 13 million tons.

Prior to assuming the role of assistant General Manager of Cliffs Michigan Operations, Ron was a Senior Staff Engineer for Cliffs Research group during which time he participated in a number of due diligence studies of prospective iron ore investments for the company in North and South America and Australia. Previous assignments included: Plant Manager for Cliffs Empire mine and assistant General Manager of the Tilden operation. The Empire Mine is a magnetite (taconite) operation which possesses similar mineralization to that at Radio Hill. The Tilden operation has annual production capacity of 7.8 million long tons of pellets and a workforce of 750-800 employees with an annual budget in excess of 250 million dollars. While at the Empire operation he was the General Manager; Empire at that time had 660 employees with an annual production capacity of 5.3 million LT of pellets and an annual budget in excess of 200 million dollars.

Mr. Mariani received a B.S. in Metallurgical Engineering (Mineral Processing) from Michigan Technological University-1975.

"There are few people with the Ron's level of North American taconite experience, especially in operating mines, and it is a major compliment to the Radio Hill Project to have someone of his caliber join our team. Radio Hill is similar to the Tilden deposit which has been in production for decades and Ron was an important part of that success. As we near completion of our resource estimate and begin to look towards a preliminary economic assessment, Ron's experience will be vital to ensuring work is done right. In addition to Ron's technical experience his knowledge of the intricacies of the North American steel industry add tremendous value as we continue to assess the domestic market for Radio Hill material," commented Company Executive VP, Freeman Smith. "An experienced team is fundamental to the success of any Company and investors can expect to see announcements of other key persons in the near future."

ABOUT RADIO HILL:

Radio Hill is a taconite (magnetite) iron formation located 85 southwest of Timmins and is accessed by Highway 101. Original exploration work at Radio Hill was conducted in the 1960s, when iron ore prices were less than one fifth of what they are today. Although low prices existed the project still had a feasibility study completed and a market secured. Since that time ownership of the asset has been fragmented and with various landholders owning various parts of the deposit. Over the past 50 years little to no iron exploration work took place until Rogue acquired both the historical resource and the surrounding 12,000 hectares of highly prospective ground including the 12km Nat River Iron Formation. The property is transected by a heavy gauge portion of the CN Rail mainline at the active Kukatush rail siding. There is power and water in the immediate vicinity north of the present drilling.

ABOUT ROGUE IRON ORE CORP.

Rogue Iron Ore is an iron exploration and development company with offices in Vancouver BC, and Timmins, ON. The Company's primary asset is its Radio Hill Iron Project located 85km southwest of Timmins, Ontario.

Key Company milestones expected in the near term are:

  • Ongoing results from drilling at Radio Hill Iron Project
  • Completion of Radio Hill resource estimate
  • Announcement of JVs or other partnerships on non-core assets
  • Appointment of key personnel to technical and management teams

ON BEHALF OF THE BOARD OF DIRECTORS

Stephen de Jong, President & CEO

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Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release constitute 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, 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. 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.

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.

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