- BA Ryan Trucking and Logging (“Ryan”) selected as Contract Road Trucker for Snow White
- Carmeuse Lime & Stone (“Carmeuse”) arranged as the local dock for sea transport of Snow White quartz
- Ministry of Natural Resources and Forests (“MNRF”) provided the Approval to Harvest trees on site
- Drilling commenced on Snow White, technical report to be released in coming months
TORONTO, May 15, 2018 (GLOBE NEWSWIRE) --
NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES
Rogue Resources Inc. (TSX-V:RRS) (“Rogue” or the “Company”) is pleased to provide an update on
the Company’s Snow White quartz project, located near Massey, Ontario, Canada (“Snow White” or the “Project”). Rogue is continuing
its negotiations with logistics contractors and quartz buyers with a view to making an advancement decision in respect of
development of the Project (the “Advancement Decision”).
Rogue has selected locally-based BA Ryan Trucking and Logging (“Ryan”) as its primary road trucker and
Carmeuse’s Northern Operations (located east of Blind River, Ontario) as the departure dock for sea transport of the quartz. In the
event of a positive Advancement Decision by Rogue, Ryan will be responsible for transport of the quartz to the Carmeuse dock and,
at their dock, Carmeuse will receive, stockpile and subsequently load the vessels for transport.
“This is another step forward for Rogue as we continue to pull together the pieces of the puzzle for Snow
White,” said Sean Samson, President and CEO of Rogue Resources. “We have spent significant time with both contractors and we
appreciate their shared focus on safety, responsibility and efficiency.”
Rogue is also pleased to report that the Company has received the Authorization to Commence Harvesting
Operations from the MNRF for the project area and that the previously announced 1,800m diamond drill program (“Drill Program”) is
now almost half complete. Following completion of the Drill Program, Rogue expects to prepare and file a technical report on
the Snow White mineral resources (the “Report”) that complies with the requirements of National Instrument 43-101 - Standards
of Disclosure for Mineral Projects (“NI 43-101”).
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any commodity, it looks at rock
value and good grade deposits that can withstand all stages of the commodity price cycle. The Company remains focused on advancing
its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Québec, exploring its other
assets, including the gold potential at Radio Hill, and identifying additional projects or mines that meet its criteria.
For more information visit www.rogueresources.ca.
Qualified Person
The Company’s Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of
the Company. Paul is a Qualified Person (“QP”) as defined by NI 43-101. He has reviewed and approved the technical
information in this press release.
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.
Cautionary Note Regarding Forward-Looking Statements:
This news release contains certain statements or disclosures relating to the Company that are based on the
expectations of its management as well as assumptions made by and information currently available to the Company which may
constitute forward-looking statements or information (“forward-looking statements”) under applicable securities laws.
Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words
“expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “continue”, “potential” and similar expressions,
or are events or conditions that “will”, “would”, “may”, “could” or “should” occur or be achieved.
In particular, but without limiting the foregoing, this news release contains forward-looking statements
pertaining to the following: the performance of Ryan, Carmeuse and the Company prior to and following an Advancement Decision; the
Drill Program and the timing and results thereof; preparation and filing of the Report and the timing thereof; the Advancement
Decision, the factors and contingencies contributing thereto and the timing thereof.
The forward-looking statements contained in this news release reflect several material factors and
expectations and assumptions of the Company including, without limitation: business strategies and the environment in which the
Company will operate in the future; commodity prices; exploration and development costs; mining operations, drilling plans and
access to available goods and services and development parameters; regulatory restrictions; the ability of the Company to obtain
applicable permits; activities of governmental authorities (including changes in taxation); currency fluctuations; the global
economic climate; and competition.
The Company believes that the material factors, expectations and assumptions reflected in the
forward-looking statements are reasonable at this time but no assurance can be given that these factors, expectations and
assumptions will prove to be correct. The forward-looking statements included in this news release are not guarantees of future
performance and should not be unduly relied upon. Such forward-looking statements involve known and unknown risks, uncertainties
and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking
statements including, without limitation: general economic, market and business conditions; the technical reports which may not be
completed in the timelines anticipated, in the manner anticipated or at all; the Company’s properties may not have the results
currently anticipated by the Company; the Company may be unable to resolve geological, mechanical, regulatory or operational issues
in the timelines anticipated, in the manner anticipated or at all; increased costs and expenses; reliance on industry partners;
risks related to operations, government and environmental regulation, conclusions of economic evaluations and changes in project
parameters as plans continue to be refined; risks in the marketability of minerals; fluctuations in the commodity prices;
fluctuation in foreign exchange rates and interest rates; stock market volatility; and certain other risks detailed from time to
time in the Company’s public disclosure documents including, without limitation, those risks identified in this news release, and
in the Company’s most recent annual and interim management’s discussion and analysis, copies of which are available on the
Company’s SEDAR profile at www.sedar.com. Readers are cautioned that the foregoing list of factors is not exhaustive and are
cautioned not to place undue reliance on these forward-looking statements.
The forward-looking statements contained in this news release are made as of the date hereof and the Company
undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information,
future events or otherwise, unless so required by applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities
in the United States of America. The securities have not been and will not be registered under the United States Securities Act of
1933 (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 (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities
laws, or an exemption from such registration is available.
For additional information regarding this news release please contact: Sean Samson info@rogueresources.ca
