Red Rock Announces Commencement of Summer Drilling Program

Red Rock Energy Inc. announced today that it has completed the mobilization of a crew and diamond drilling rig to its Uranium City exploration properties. The Zinex Mining Constructed hydraulic diamond drilling rig, which the Company has purchased and owns exclusively, has commenced activity on the first locations of a drilling program on the company’s Red Block 1 lands at the historic Beaverlodge mining camp.

The commencement of drilling on these properties is the culmination of a variety of logistical activities centered in Uranium City. Red Rock has retained the services of qualified and experienced geological service crew, acquired facilities in Uranium City for housing this crew and processing drill cores and related products, and delivered other peripheral support equipment to provide for the seamless conduct of drilling operations.

Drilling activities shall be focused on testing selected zones of interest on the properties’ which have been identified from geological compilation work of historical operators and Red Rock’s own air and ground geological and geophysical programs. In commenting on these developments, Sandy Loutitt, President of Red Rock, stated: “While the closing of our initial public offering has provided Red Rock with adequate capital to implement the first phase of the exploration program set out in our Policy 43-101 report, we have already taken significant steps to ensure that our operations are efficient and consistent. The purchase of our own drilling rig is a major step in that regard, as it puts Red Rock in the unique position of having control over a key piece of equipment. Indeed, if our expectations are met, we may consider the purchase of an additional rig to further augment the conduct of our exploration program.”

READER ADVISORY

Statements in this press release may contain forward-looking information including expectations of future production, operating costs, commodity prices, administrative costs, commodity price risk management activity, acquisitions and dispositions, capital spending, access to credit facilities, income taxes, regulatory changes, and other components of cash flow and earnings. The reader is cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the company. These risks include, but are not limited to, the risks associated with the mining industry, commodity prices and exchange rate changes. Industry related risks could include, but are not limited to, operational risks in exploration, development and production, delays or changes in plans, risks associated to the uncertainty of reserve estimates, health and safety risks and the uncertainty of estimates and projections of production, costs and expenses. The reader is cautioned not to place undue reliance on this forward-looking information.

The reader is further cautioned that the preparation of financial statements in accordance with generally accepted accounting principles requires management to make certain judgements and estimates that affect the reported amounts of assets, liabilities, revenues and expenses. Estimating reserves is also critical to several accounting estimates and requires judgments and decisions based upon available geological, geophysical, engineering and economic data. These estimates may change, having either a negative or positive effect on net earnings as further information becomes available, and as the economic environment changes.

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

Contact:

Sandy Loutitt
Red Rock Energy Inc.
President
(403) 685-1047

Lara Cull
Red Rock Energy Inc.
Operations Manager
(403) 685-1047
Website: www.redrockenergy.ca

Source: Red Rock Energy Inc.


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