Rolling Rock Resources Corporation
TSX VENTURE : RLL

Rolling Rock Resources Corporation

February 20, 2007 08:00 ET

Rolling Rock Resources Announces Graduation to TSX Venture Exchange Tier 1 Status

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 20, 2007) - Rolling Rock Resources Corporation (TSX VENTURE:RLL) is pleased to announce that the TSX Venture Exchange has graduated the Company to Tier 1 status.

Rolling Rock owns 100% of the Monument Bay project which was acquired in July, 2006 from Bema Gold Corporation and Wolfden Resources. The project is located in Northeastern Manitoba, 350 kilometers north of Winnipeg. Monument Bay hosts high grade gold mineralization within a 25 km shear zone within the Stull Lake greenstone belt. Since 2000, almost Cdn$ 22million of drilling has been spent on the project. An inferred mineral resource of 3,379,000 tonnes at an average grade of 6.465 g/t Au containing an estimated 701,234 ounces of gold was estimated by Wardrop Engineering (see NI 43-101 report filed July 7, 2006 on SEDAR).

A drill program utilizing 2 drills began in mid January of this year. A minimum 10,000 metres of drilling will include infill and down-plunge drilling along the main zones of the deposit and will further test newly discovered Burn Lake zone which returned values up to 45.54 g/t Au (see November 9, 2006 News Release).

The release schedule of the Company's shares held in escrow will now be released on a Tier 1 schedule resulting in 3,735,000 shares being issued immediately. The remaining 6,525,000 shares held in escrow will be released as to 525,000 on May 24, 2007, 3,000,000 on June 30, 2007 and the final 3,000,000 on December 30, 2007.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Rolling Rock Resources Corporation
    Scott Angus
    (604) 488-1456