Royce Global Trust Inc T.RGT

RGT news release-good news?

[smartin5493]

Rockgate Earns 60% Interest in Falea Uranium Copper Project, Assumes Operatorship 09:00 EDT Thursday, July 05, 2007 VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 5, 2007) - NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWS AGENCIES Rockgate Capital Corp. (TSX VENTURE:RGT) (the "Company") announces that the Company has received notification from joint venture partner Delta Explorations Corp. ("Delta") that the $1.5 million requirement to earn an undivided 60% interest in the Falea project has been met and surpassed. As a result, Rockgate has assumed operator status for the Falea project effective July 1, 2007. Rockgate's Vice President, Exploration Lorne Warner has been at Falea since mid June and reported from the site that phase 2 diamond drilling is nearing completion with total number of holes completed to date at 33 for approximately 9,900 metres. All these holes were spaced on 100 metre centres, covering an area of approximately 3.3 km sq. Only 2 holes remain to complete this phase. All samples up to hole DF-025 have been submitted to ALS-Chemex for preparation in Bamako, Mali with analysis to be completed in Vancouver, Canada. The drilling program successfully defined potentially significant uranium mineralization trending over 800 metres with widths ranging from 100 to 250 metres, usually contained in coarse sandstones just above the basin unconformity with the height of mineralization typically exceeding 2.0 metres. All holes within this area contain significant scintillometre readings and the zone remains open in three directions. Several other uranium bearing zones occur on the property and will be evaluated through diamond drilling. Mr. Lorne Warner, P. Geo, Director and VP Exploration is the Qualified Person for this release under NI 43-101. ON BEHALF OF THE BOARD OF DIRECTORS OF ROCKGATE CAPITAL CORP. Karl Kottmeier, President This news release does not constitute an offer to sell or a solicitation of an offer to sell any of 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. FOR FURTHER INFORMATION PLEASE CONTACT: Rockgate Capital Corp. Karl Kottmeier President [phone] [phone] (FAX) Email: [e-mail] The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this press release.