Rogue Resources Inc.

Rogue Resources Inc.

April 14, 2011 09:45 ET

Rogue Resources Provides Langmuir Drilling Update, Corporate Update



VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 14, 2011) - Rogue Resources Inc. (TSX VENTURE:RRS) (the "Company") is pleased to announce preliminary results from recent drilling at its 100% owned Langmuir Nickel Project near Timmins, Ontario. Drilling at the W3 target has intersected ultramafics, the same type of volcanic flow in which the Company's W4 deposit is hosted as well as other nickel deposits and mines in the immediate area.

The Company has used the Kambalda-type deposit model for exploring in the Langmuir camp with several discoveries to date. The Company recently completed six NQ-size holes on exploratory targets and seven HQ-size holes on the W4 deposit which will be used for metallurgical testing in ongoing scoping study level work. Assaying is now underway to determine the nickel content of the ultramafics which will be combined with other data to vector ongoing exploration towards potential areas of elevated or concentrated nickel mineralization.

Exploration for Langmuir-type nickel deposits is a multi-step process:

a) review of regional geology to identify favourable geological units using the Kambalda-type deposit model

b) identify conductive targets using airborne geophysics and checking surface geology if exposed,

c) drill test favourable flows (ultramafics) for nickel sulphide mineralization based on the model

The Company used this methodology to discover the W4 nickel deposit in 2007 and has identified a number of other targets for drilling that have yet to be drill tested.

"Previous success at Langmuir including the discovery of the Company's W4 deposit has been through the application of the above exploration strategy. We are encouraged by recent drilling as ultramafics have been identified in proximity to a geophysical anomaly, our W3 target, suggesting we are in the right host environment," comments Company President, Steve de Jong. "Further exploration is now underway in order to vector in on the VTEM anomaly and possible nickel mineralization. The W3 target is located approximately 300 meters west of the W4 deposit. Company geologists are reviewing the possibility that this zone is the same volcanic flow which hosts the W4 deposit."

The Langmuir W4 deposit hosts a NI 43-101 resource estimate of 677,000 tonnes of 1.0% Nickel, Measured & Indicated, and 171,000 tonnes of 0.89% Nickel, inferred. The highest grade portion of the deposit comes to surface and appears to be amenable to an open-pit production scenario. The Company has commenced a number of scoping level studies on the deposit including environmental, geotechnical and metallurgical. As there is a fully operational nickel mill within 8km of the deposit it is the Company will continue to advance the W4 deposit towards production while as well as execute its aggressive exploration program in the immediate vicinity with the intention of identifying other high grade, Kambalda-type nickel deposits.

Corporate Update:

In June of 2010 the Company underwent a management transition and put a team in place focused primarily on the advancement and development of its two key assets: the Langmuir Nickel Project and the Radio Hill Iron Ore Project. Both are 100% owned by the Company and contain either historical or NI 43-101 compliant resources. Since this change the Company has replaced its Board of Directors, consolidated its stock, renamed itself to Rogue Resources Inc. (formerly known as Golden Chalice Resources Inc.) and significantly reduced overhead spending. It also purchased exploration facilities in Timmins, Ontario which were originally built to facilitate Falconbridge Inc.'s exploration programs in the area.

"The Rogue story is unique in that the Company completed two 43-101 technical reports, one of which includes a resource estimate, immediately prior to a consolidation. Over $14 million has been spent on the Company's projects as well as an additional, estimated $10 million spent historically on its Radio Hill Iron Ore project. We are now seeking joint venture partners on a number of projects which have seen a combined $6.5 million in recent exploration expenditures," states Company President, Steve de Jong. "New management's primary objectives have been and continue to be to curb excess spending on administration costs, joint venture advanced-stage exploration projects and focus on the advancement and development of both its iron and nickel assets. Significant steps have been taken over the previous six months to make these objectives a reality. The Company is now well positioned to take advantage of the current commodity market by focusing resources on its two key projects with aggressive exploration programs in combination with assertive marketing campaigns. We encourage investors to visit our website and review our most recent corporate presentation to keep updated with our projects and future exploration and development plans."

To view the Company's recently updated Corporate Presentation click on the following link:

Adams Option

The Company is pleased to announce, subject to regulatory approval, the option to acquire a 100% interest in the Adams, Cercio, Onyx and Revelstoke properties. These properties consist of 12 claims (5,880 hectares) in the Kamloops and Revelstoke Mining Division of southern British Columbia. All properties are accessible by road; the Adams, Cercio and Onyx properties being located 23 km southeast of the town of Barriere and west of Adams Lake. The Revelstoke claims are located 19 km southeast of the town of Revelstoke, British Columbia.

Consideration for the Adams property consists of 700,000 shares, payable over three years. Consideration for the Cercio, Onyx and Revelstoke properties is 325,000 shares each, payable over three years. No NSR or cash payments are included in the option agreement.

About the Langmuir Nickel Project:

The Langmuir project consists of a massive land package of favourable geology for hosting Kambalda-type nickel deposits, the majority of which was staked following the Company's W4 nickel discovery in 2007. The Kambalda Nickel Camp in Australia is known for its high grade, moderate sized nickel deposits. At Kambalda multiple nickel deposits occur within a single flow such that once identified drilling focuses on delineating the flow in an effort to discover more deposits or pods. The Kambalda flow field model led to the Company's original W4 discovery in 2007 and is supported by the location of nearby moderate-sized nickel deposits in the immediate vicinity of the Langmuir project.

Kevin Montgomery, P.Geo., is the Company's qualified person for the purposes of National Instrument 43-101 for and has reviewed the technical contents of the press release.

About Rogue Resources:

Rogue Resources is an advanced stage exploration company, with offices in Vancouver, British Columbia and Timmins, Ontario. The Company has an extensive property pipeline of projects in Ontario. The most advanced project includes its 100% owned Langmuir Nickel deposit which has resource estimate of 677,000 tonnes of 1.0% Nickel and 0.06% copper, Measured & Indicated, and 171,000 tonnes of 0.89% Nickel (inferred). Also in the Timmins area is the Company's 100% owned Radio Hill iron ore project which has historical iron ore resources* as high as 427 million tons at 27.3%. 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 showing. In addition to its larger properties the Company also has gold properties in the Kirkland Lake area and base metal properties in Bathurst, New Brunswick.


Steve de Jong, President

This news release does not constitute an offer to sell or solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

*The historical estimates contained in this document are not in accordance with the mineral resources or mineral reserves classifications contained in the CIM Definition Standards on Mineral Resources and Mineral Reserves, as required by National Instrument 43-101 ("NI 43-101"). Accordingly, the Company is not treating these historical estimates as current mineral resources or mineral reserves as defined in NI 43-101 and such historical estimates should not be relied upon. A qualified person has not done sufficient work to date to classify the historical estimates as current mineral resources or mineral reserves. The term "ore" in this document is being used in a descriptive sense for historical accuracy, and is not to be misconstrued as representing current economic viability.

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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