Rogue Limestone Acquisition Update: Potential Buyers Confirm Intent for 75% of the Permitted Production; Corporate Update Call Thursday

Press Release

August 26, 2019

• Rogue has received signed Intent to Purchase Agreements from 7 large buyers for ~30,000 tonnes per year
• Permitted production is 40,000 tonnes of limestone per year from its Orillia and Bobcaygeon quarries
• $1.55M of Debt Financing arranged, with an Annual Interest Rate of 5.25%
• Discussions continue for additional Mezzanine debt facility
• A Corporate Update conference call will be held with investors on Thursday, August 29th 2019 at 12:00pm EST

TORONTO, ON – Rogue Resources Inc. (TSX-V: RRS) (“Rogue” or the “Company”) is pleased to announce that it has received Intent to Purchase Agreements from seven of the largest landscape stone buyers in Ontario and the US Midwest. The combined volume of these Agreements is 75% of the permitted production for the two quarries Rogue is acquiring (see the August 12, 2019 press release).

“Negotiating these Agreements with some of the largest buyers in the business confirms our business case that the market is looking for additional supply”, said Sean Samson, President and CEO of Rogue, “These initial buyers will underpin Rogue Stone’s business and allow it to develop into the permitted production volume and in the near-term, continuing to allow access to sources of less dilutive financing.”

Corporate Update Conference Call

The proposed entry into Limestone and the remainder of the portfolio will be discussed in detail on a conference call with management on Thursday, August 29th 2019, at noon Eastern (9am Pacific, 6pm in Western Europe). Rogue CEO Sean Samson and VP, Technical Paul Davis will give a brief presentation followed by a question and answer period. Interested investors should forward questions in advance to questions@rogueresources.ca. Dial-in numbers to access the conference call as well as a new corporate presentation will be available 24 hours in advance on the Rogue webpage, www.rogueresources.ca. As with past calls, a playback of the call will be available online soon afterwards.

Institute of Mining, Metallurgy and Petroleum (“CIM”) Guidelines

The Speiran and Johnston Farm Quarries are both industrial mineral projects, similar to Rogue’s quartz projects, and Rogue follows CIM Best Practice Guidelines for Industrial Minerals which are intended to assist the Qualified Person(s) (QP) in the planning, supervision, preparation, and reporting of Mineral Resource and Mineral Reserve (see CIM Industrial Minerals online at https://mrmr.cim.org/en/best-practices/estimation-of-mineral-resources-mineral-reserves/). The Reader is cautioned that neither the Speiran or Johnston Farm Quarries have Mineral Resources or Mineral Reserves. These Guidelines state that: “some industrial mineral ventures are relatively simple operations with low levels of investment and risk, where the operating entity has determined that a formal pre-feasibility or feasibility study in conformance with NI 43-101 and 43-101 CP is not required for a production decision”. The guideline further advises that: “where production has not yet commenced, there should be evidence of market and economic analyses consistent with sound judgement reflecting the spirit and intent of the requirements of NI 43-101 and 43-101 CP”. The Reader is cautioned that the Company’s production decisions will not be based upon a formal pre-feasibility or feasibility study, which may be considered a risk factor, but the Reader should be aware that the Speiran Quarry has demonstrated economic viability through current profitable operations and the Johnston Farm Quarry has demonstrated economic viability from historical operations, however the Company cautions that there is no guarantee/certainty that the Company’s planned operations will be economically viable.

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, plus identifying, acquiring, advancing and eventually operating additional projects or mines that meet its criteria.

For more information visit www.rogueresources.ca.

Qualified Person

These Projects will be under the direct supervision of Paul Davis, P.Geo., VP, Technical and Director of the Company and a Qualified Person (“QP”) as defined by National Instrument 43-101. The QP has approved the scientific and technical content of this release

For additional information regarding this news release please contact:

Sean Samson
+1-647-243-6581
info@rogueresources.ca

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