RRS Rogue Resources Inc

Rogue Iron Ore Corp. (TSX VENTURE:RRS) - 



OTHER HIGHLIGHTS INCLUDE

--  DRILLING COMPLETED; FIRST PHASE OF METALLURGICAL TESTING POSITIVE 
--  CONCENTRATE GRADE OF 67.3% IRON AND 5.0% SILICA WITH 37.5% WEIGHT
    RECOVERY 
--  INITIAL TESTING SHOWS RADIO HILL IRON ORE CHEMISTRY IS WELL SUITED AS
    FEED FOR PELLETIZING, SINTERING OR OTHER IRON MAKING TECHNOLOGIES 
--  11 MILLION SHARES OF SPINOUT GOLD COMPANY, RAPIER GOLD INC., TO BE
    DISTRIBUTED TO ROGUE SHAREHOLDERS IN NOVEMBER 



Rogue Iron Ore Corp. (the "Company") is pleased to announce results from the
first phase of metallurgical testing at its Radio Hill Iron Ore Project, located
80 km southwest of Timmins, Ontario. The Company has received results from the
first of six drill core composites of from Radio Hill. Laboratory, or "bench
scale", metallurgical test work is focused on characterizing the metallurgical
response of the deposit. The laboratory test work consisted of fine grinding,
low intensity magnetic separation, desliming and flotation, to further reduce
silica in the concentrate. This work was conducted at SGS Minerals Services in
Lakefield, Ontario.


The test results are very encouraging with a predicted concentrate weight
recovery of 37.5% at an expected iron grade of 67.3% and a 5.0% concentrate
silica grade. Further processing of the same composite reduced silica to 2.0%
and increased the concentrate grade to over 70% with a weight recovery of 29.9%.


Analyses of the flotation concentrate from the initial testing show its
chemistry is well suited as feed for pelletizing, sintering and other iron
making technologies. Testing is now in progress on the next samples in the
characterization program sequence.


The procedure established on the first composite will be used on the remaining
composites and the results of this metallurgical test work will provide the
basis for quantitative characterization of the metallurgy for a major portion of
the Radio Hill deposit. This advanced metallurgical test work is part of fast
tracking the Radio Hill development and is a critical step in the development of
a meaningful resource estimate.


The "historical" feasibility study (non-NI 43-101 compliant), which was
completed in 1965, indicated that a fine grind was needed to liberate the
magnetite from the iron ore at Radio Hill. Current testing is consistent with
this historical work. The Company has commenced two more phases of testing to
help characterize additional zones to ensure that the future resource estimate
will pertain to a marketable iron ore product. The standard procedure for
magnetite iron deposits is to initially outline a resource using head iron
assays for total iron. The Radio Hill deposit also contains iron occurring as
silicates and carbonates, so it is considered 'best practice' to determine
recoverable iron first before conducting a resource estimate.


"Positive metallurgical test results are a major milestone for the Radio Hill
project and we are very encouraged with what we've seen so far. With high
capital costs becoming synonymous with iron ore development projects worldwide,
we remain confident infrastructure-endowed projects such as Radio Hill will
become increasingly more attractive as these more remote projects are delayed or
postponed," stated Freeman Smith, President and CEO.


"This is an exciting time for Rogue as we are not only seeing favourable results
from our iron project, but we have found a way to pull value out of other assets
in the Company. In addition to our nickel and iron assets, we are in the process
of spinning out a gold company named Rapier Gold Inc. from our Timmins West
asset. Rapier has completed an over-subscribed first round, preliminary seed
financing of $500,000, and we are moving ahead with spinning out Rapier as a
stand-alone, publicly traded gold exploration company. Through this transaction,
it is anticipated that in November approximately 11 million shares of Rapier
will be distributed to Rogue shareholders. We also continue to review scenarios
for our nickel asset and are confident we will eventually unlock the value of
this underappreciated asset."


QUALITY CONTROL AND ASSURANCE

All drill core samples have been split and shipped by the company to SGS
Lakefield, where the samples were prepared and analyzed by fusion with lithium
tetraborate-XRF for SiO2, Al2O3, CaO, Fe2O3, K2O, MgO, TiO2, P, Mn and Cr2O3,
and retained moisture (LOI) by multi-temperature. Sulphur and sulphide analyses
were done separately. A magnetite concentrate for the composite is produced
using a Davis Tube concentrator (DT) giving a weight recovery percentage (DTWR).
The concentrate is then analyzed by XRF. The samples for both metallurgic
testing were analyzed at SGS labs in Lakefield, Ontario. SGS is an
internationally recognized leader in iron ore analysis.


Kevin Montgomery, P.Geo., is the qualified person for the purposes of National
Instrument 43-101 and has reviewed the technical contents of this press release.


ABOUT ROGUE IRON ORE CORP.

Rogue Iron Ore Corp. is an exploration and development company with offices in
Vancouver, BC and Timmins, ON. The Company's primary asset is its Radio Hill
iron ore project located 80 km southwest of Timmins, ON.




KEY COMPANY MILESTONES, EXPECTED IN THE NEAR-TERM

--  Further announcements of completion of additional phases of Radio Hill
    metallurgical results 
--  National Instrument 43-101 compliant resource estimate completion
    following metallurgical testing 
--  Finalization of spin-out gold company to capitalize on Rio Tinto gold
    discovery (visible gold in 11 separate drill intervals, all shallow
    drilling) 
--  Announcement of additional JVs or other partnerships on non-core assets 



ON BEHALF OF THE BOARD OF DIRECTORS

Freeman Smith, President & CEO

Follow Rogue Iron Ore Corp. on:

Facebook: http://www.facebook.com/rogueiron

Twitter: http://twitter.com/rogueiron

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this
release constitutes forward-looking statements. In making the forward-looking
statements in this release, the Company has applied certain factors and
assumptions that are based on the Company's current beliefs as well as
assumptions made by and information currently available to the Company,
including that the Company is able to obtain any government or other regulatory
approvals required to complete the Company's planned exploration activities,
that the Company is able to procure personnel, equipment and supplies required
for its exploration activities in sufficient quantities and on a timely basis
and that actual results of exploration activities are consistent with
management's expectations. Although the Company considers these assumptions to
be reasonable based on information currently available to it, they may prove to
be incorrect, and the forward-looking statements in this release are subject to
numerous risks, uncertainties and other factors that may cause future results to
differ materially from those expressed or implied in such forward-looking
statements. Such risk factors include, among others, that actual results of the
Company's exploration activities will be different than those expected by
management and that the Company will be unable to obtain or will experience
delays in obtaining any required government approvals or be unable to procure
required equipment and supplies in sufficient quantities and on a timely basis.
Readers are cautioned not to place undue reliance on forward-looking statements.
The Company does not intend, and expressly disclaims any intention or obligation
to, update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by law.

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