Rogue Announces 2014 and 2015 Drill Results at Golden Arrow Gold Mine, and Announces Non-Brokered Private Placement

Press Release

October 16, 2018

• As part of confirmatory Due Diligence, Rogue has now consolidated the complete Golden Arrow drill database
• 2014 and 2015 Drill Results were never released by VGM, the privately owned developer now selling to Rogue
• Gold mineralization was observed in 19 of 22 drill holes with intercepts ranging from 0.81 to 13.66 gpt Au (Table 2)
• Exploration drilling will target an Au grade for the permitted pit averaging in a range between 1.6 and 2.0 gpt Au [1]
• Further Technical detail and new Investor Relations slides have been added to www.rogueresources.ca
• Rogue plans to raise up to $400,000 through a non-brokered Private Placement

[1]: The range in grade for the exploration target has been derived from information that has been obtained from VGM and although the data is believed to be reliable, Rogue has not independently verified the information. There is no National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) compliant resource estimate on this Mine and, a production decision has not yet been made. If the Company makes a Production Decision on Golden Arrow it will be disclosed in compliance with Companion Policy 43-101 section 4.2(6). See “Notice to Readers”.

TORONTO, ON – Rogue Resources Inc. (TSX-V: RRS) (“Rogue” or the “Company”) is pleased to announce that it has consolidated and made available the 2014 and 2015 drill results from the Golden Arrow Project (“Golden Arrow” or the “Mine”). Rogue previously announced it entered into a letter of intent to acquire Victoria Gold Mines East Timmins Limited (“VGM”) and an affiliate of VGM (see October 10, 2018 Press Release). The Mine, located south of Matheson, Ontario had 23 diamond drill holes completed between 2014 and 2018, representing 3,860m of diamond drill core.

“I’m very excited about these drill results. After spending over 20 years of my career in the Timmins camp, I know the regional geology well and finding gold in over 80% of the holes drilled is a great sign for the prospectivity of the Project”, said Paul Davis, VP Technical of Rogue. “I look forward to getting in and implementing a strategic drill plan incorporating an analysis of the favourable structures along trend and in parallel trends to the known mineralization, which has not been completed on the property to date.”

Drill Results Summary

The diamond drill programs completed in 2014 and 2015 by VGM, focused on exploration targets outside of the permitted pit testing along favourable structural trends to the west of the Main Zone. Drilling intercepted both higher grade, narrow zones of gold mineralization including Hole A15-15 intersecting 1.5m grading 13.66 pgt Au and A15-22 intersecting 1.5m grading 7.83 gpt Au and lower grade, broad zones of gold mineralization including A14-09 intersecting 84.0m grading 0.92 gpt Au. The analytical results for the 2014 and 2015 diamond drill programs has been obtained from VGM and Mr. Paul Davis P.Geo., and Vice-President of the Company has verified the data, including drill logs, sampling methods, certificates of analysis and discussions with the qualified person(s) involved in the drill programs for the historic data. There are no known factors that could materially affect the reliability of the data verified by Mr. Davis. No quality assurance/quality control issues have been identified to date. The following tables summarize the drill hole collar locations and the assay composites for the 23 holes completed by VGM in 2014 and 2015.

Read More: http://docs.wixstatic.com/ugd/5d173e_4e32c25568bc41a5a06acb27b48b3bdb.pdf

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