Rogue Update: Strong Stone Sales to finish 2020, Creating a Nickel Subsidiary, Amended Snow White Terms, Update Call tomorrow

Press Release

January 11, 2021

• Rogue Stone’s ramp-up continued with good sales through the first 2 months of its Q2-2021
• In November-December Rogue Stone sold 4,815 tons realizing an average price of $72/ton
• To date, Rogue Stone has sold more than 20,000 tons, realizing more than $1.5M in sales
• Rogue is transferring the Langmuir Project, south of Timmins into a new, wholly owned Nickel subsidiary
• Partnered again with Option Holders to improve payment terms on the Snow White Project
• A Corporate Update conference call will be held with investors on Tuesday, January 12th, 2021 at 12:00pm EST

TORONTO, ON – Rogue Resources Inc. (TSX-V: RRS) (“Rogue” or the “Company”) is pleased to announce continued progress at Rogue Stone with 2,421 tons¹ sold in November and 2,394 tons sold in December with an average realized price per ton of $72 for the final two months of 2020. In total, Rogue Stone has now sold more than 20,000 tons, realizing more than $1.5M.

“We are pleased with the performance to date from Rogue Stone. We continue to hit the numbers in our acquisition model and safely produce great product for our customers”, said Sean Samson, President and CEO of Rogue. “We have also made some interesting changes across the portfolio to start things into motion and unlock additional value. We look forward to discussing these items in more detail on tomorrow’s call.”

New Nickel subsidiary

As highlighted during Rogue’s October Investor Call, the strengthened nickel price market has led to increased demand for potential nickel investment stories. Rogue owns the Langmuir Project, which has a 15M pound, high-grade nickel Resource 25 km southeast of Timmins, Ontario. Langmuir is 7 km by road from the Redstone Mill which is owned by Northern Sun Mining Corp. The Redstone Mill has a permitted capacity of 2000 tonnes/day. Rogue plans to create a new wholly owned subsidiary to facilitate potential strategic moves.

Amendments to the Snow White Project payment terms

Rogue is pleased to report that it has entered into an agreement to further amend the payment terms (the “New Amendments”) for the Company’s Snow White quartz project, located near Massey, Ontario, Canada (“Snow White” or the “Project”). Rogue acquired the Project in December 2017 from a Sudbury-based prospector (see press releases dated October 20, 2017 and December 14, 2017) and have amended terms payable to the Option Holders since (see press releases dated June 18, 2018 and February 21, 2020). Included in the New Terms, Rogue amended a December 2020 payment of $120,000 to become a payment of $10,000 and 200,000 shares. In addition, the annual $80,000 cash payments due each December in each of the following two years have been amended to become annual deliveries of shares of the Company with a worth of $16,000. The number of shares to be granted will be calculated by the ten-day volume-weighted average price each December. Finally, the New Amendments adjusted the production royalty from $1 per tonne on the first 500K tonnes of production to $3/ tonne of the first 100K tonnes of production and $1/ tonne of the next 200K tonnes. All other terms of the Agreement remain unchanged.

Corporate Update Conference Call

These developments will be discussed in greater detail on a conference call with management scheduled for tomorrow, Tuesday January 12, 2021, 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 can 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 by noon today on the Rogue webpage at www.rogueresources.ca.

As with past calls, a playback of the call will be available online soon afterwards.

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 quality deposits that can withstand all stages of the commodity price cycle. The Company includes Rogue Stone selling quarried limestone for landscape applications from two operating quarries in Ontario; Rogue Quartz focused on advancing its silica/quartz business with the Snow White Project in Ontario and the Silicon Ridge Project in Québec; and Rogue Timmins with the nickel resource at Langmuir and the gold potential at Radio Hill.

Qualified Person

The Company’s Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.

For more information visit www.rogueresources.ca or contact:

+1-647-243-6581

info@rogueresources.ca

IBF4