RockStar Resources to Acquire Calico Resources USA Corp.

RockStar Resources, Inc. is pleased to announce today the signing of a binding Memorandum of Agreement to acquire Calico Resources USA Corp. which owns and controls 100% of the Grassy Mountain Gold Project in southeast Oregon. The Grassy Mountain Project is an advanced stage exploration pre-feasibility project with a reported 2.3 million ounces gold as well as 5.8 million silver ounces resources⁽¹⁾ and a current projected 10 year mine, and a large unexplored land package and additional potential to develop and expand current resources.

“We are extremely pleased to announce the inaugural acquisition by RockStar of a high quality U.S. advanced stage exploration project that meets our strict profile for opportunity,” said Dennis E. Wheeler, Chairman and Chief Executive Officer of RockStar. “Calico has already made substantial investment into the development of the Grassy Mountain Project. With RockStar’s expertise in permitting, mine design and optimization, and operational development, we expect to expeditiously advance this major gold project through feasibility and toward production. Grassy Mountain is in an excellent location, near major highways and just 70 miles west of Boise, Idaho, with a large land package that gives significant upside to further gold resource development.”

The proposed transaction, which has a purchase price of $35 million, was unanimously approved by the Boards of Directors of both companies. Terms of the offer will be subject to approval by the shareholders of the parent company of Calico Resources USA Corp., Calico Corporation Corp. which is a publicly-traded company on the Toronto Venture Exchange (TSXV: CKB) as well as Toronto Stock Exchange approval. The transaction is subject to customary conditions to closing, including financing requirements of RockStar. It is anticipated the transaction would be completed by January 31, 2014.

The Grassy Mountain Project is located on 9,300 acres of patented, unpatented and private land in Malheur County, Oregon. The project currently has 1.42 million ounces of Measured and Indicated open pit gold resources, and 740,000 ounces of Measured and Indicated underground bold resources⁽¹⁾. RockStar will make feasibility work as a first priority while permitting continues expeditiously. RockStar expects the labor and support to further the project to come from local communities around Vale and Ontario, Oregon.

RockStar Resources, Inc. is a newly-formed privately held company with the stated mission of identifying and bringing value to high-quality, late-stage exploration precious metals mining projects in need of expertise and financing, and advancing these projects toward feasibility and production. The RockStar team has a combined 125 years of mining management, operations, geology and environmental and governmental permitting and compliance experience, and has permitted and profitably operated some of the most challenging precious metals projects in the world. The company is incorporated in Idaho and headquartered in Coeur d’Alene, Idaho.

⁽¹⁾Resource estimates reported by Calico Resources Corp. in NI 43101 Technical Reports filed on SEDAR include Measured and Indicated resources. See Sedar.com for further information regarding the assumptions used in the resource estimates by Calico’s Qualified Persons.