Rogue Resources Inc.

Rogue Resources Inc.

August 25, 2011 16:15 ET

Rogue Resources Inc. Posts Annual Financial Statements and Management Discussion and Analysis

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 25, 2011) - Rogue Resources Inc. (TSX VENTURE:RRS) (the "Company") announces it has posted its Annual Financial Statements and Management Discussion and Analysis for the year ending April 30, 2011 on SEDAR (

"As reflected in our Annual Financial Statements, significant progress has been made ensuring funds are properly allocated to the exploration and development of the Company's key projects," states Company President & CEO, Steve de Jong. "Rogue has never been financed to the extent it is now, and we believe we have the necessary resources to add value to both our iron and nickel assets in the near term. A 10,000 meter drilling campaign started on our iron project this week and we are expecting an update from SRK in the immediate future in regard to the ongoing scoping study being carried out on our Langmuir nickel project."

Select highlights from the Financial Statements and Management Discussion and Analysis are listed below:

  • A significant decrease in administrative services expenses to $239,598 (2010 - $786,000).
  • A decrease in management fees to $63,200 (2010 - $201,471).
  • A decrease in consulting fees to $101,921 (2010 – $232,288).

The Company encourages investors to visit its website for further information and to download the Financial Statements and Management Discussion & Analysis directly.


In June of 2011 the Company completed a financing for $4,600,000 with the use of proceeds primarily allocated for exploration/resource definition at Radio Hill. Because of the advanced stage of the asset, the Company's next milestone will be the completion of a NI 43-101 compliant, technical resource estimate.

In addition to the Radio Hill Project the Company has a 100% interest in the Langmuir Nickel project, which has a NI 43-101 compliant resource estimate of 677,000 tonnes of 1.0% Nickel and 0.06% copper, Measured & Indicated, and 171,000 tonnes of 0.89% Nickel. The Company has contracted SRK Consulting Ltd. to complete a scoping study on the project which is now nearing completion of the metallurgical portion.

The Company also has several large land packages within the Abitibi Greenstone Belt of the Timmins Camp that host VMS, base metal and lode gold potential in addition to gold properties in the Kirkland Lake area and base metal properties in Bathurst, New Brunswick.


Steve de Jong, President & CEO

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