RRS Rogue Resources Inc

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Rogue Iron Ore Corp. (TSX VENTURE:RRS) ("Rogue" or the "Company") is pleased to
announce that it has closed its private placement and raised an aggregate of
$543,999.94 from the sale of subscription receipts that convert to 4,945,454
flow through units ("FT Units") at a price of $0.11 per FT Unit. Each FT Unit
consists of one common share of the Company and one half of one non-transferable
common share purchase warrant with each whole warrant entitling the holder
thereof to purchase one common share of the Company at an exercise price of
$0.15 per share for a period of 18 months following the closing of the Offering.
The subscription receipts will convert to FT Units on the earlier of the date
following the spin-out of Rogue's interest in Rapier Gold or December 21, 2012.


In aggregate, finder's fees of 7% cash and 7% brokers' warrants were paid to:
Jennings Capital Inc. ($3,080 & 28,000 broker warrants) and Marquest Asset
Management Inc. ($35,000 & 318,181 broker warrants).


The private placement proceeds will be used to fund exploration expenditures on
the Company's Canadian mineral projects, primarily its Radio Hill property. All
securities issued under the Offering are subject to a four-month hold period
expiring March 22, 2013.


The Company announces that Mr. Ron Mariani has resigned as an officer and
remains a technical advisor of the Company.


About Rogue Iron Ore Corp.

Rogue's flagship asset, the Radio Hill iron ore project, is unlike most other
iron plays as it has exceptional infrastructure including a highway, power,
water, nearby natural gas and active railway siding providing access to the CN
Rail mainline on site. The project is competitively positioned to access North
American markets as well as overseas markets. The Company is currently
conducting metallurgical studies on the Radio Hill dill hole core samples to
assess the composition of the potential product that might be generated from the
project.


ON BEHALF OF THE BOARD OF DIRECTORS

Freeman Smith, President & CEO

This news release does not constitute an offer to sell or a solicitation of an
offer to buy nor shall there be any sale of any of the common shares in any
jurisdiction in which such offer, solicitation or sale would be unlawful. The
common shares have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities
laws of any state of the United States and may not be offered or sold within the
United States or to, or for the account or the benefit of, any person in the
United States unless registered under the U.S. Securities Act and applicable
state securities laws or pursuant to an exemption from such registration
requirements.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Rogue Iron Ore Corp.
Mike McCormick
(604) 638-1157
mike@rogueiron.com
www.rogueiron.com


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