RRS Rogue Resources Inc

Rogue Iron Ore Corp. (TSX VENTURE:RRS) (the "Company" or "Rogue") held its
Special Meeting ("SM") on February 22, 2013 to obtain security holder approval
of the amended proposed spin-out of the Company's wholly-owned subsidiary,
Rapier Gold Inc. ("Rapier"), following the Annual General and Special meeting
held December 10, 2012. The shareholder vote held at the SM for the Plan of
Arrangement ("PoA") spin-out was approved by 99.7% of the voting security
holders and BC Supreme Court approval was given on February 26, 2013.


"Good projects find a way to get financed and the Pen Gold property, we believe,
is an exceptional project with promising potential. Rapier's partnership with
the senior, producing company AuRico Gold ("AuRico") is a testament to the
Project's geological potential and we are looking forward to commencing the
first drill program to properly test this system," stated Freeman Smith,
President & CEO. 


Rapier has combined Rogue's Timmins West ("Pen Gold South") property with the
adjacent Rio Tinto property ("Pen Gold North"). In 1998, Rio Tinto discovered
gold on the Pen Gold North property but did not explore further as gold prices
at the time were around $300 per ounce. In 2008 this discovery was revisited by
Rio Tinto, and seven shallow (less than 150m) drill holes were drilled. Visible
gold was noted in several of these holes in quartz carbonate veins.


Upon closing of this transaction, Rapier has proposed a 5,500 meter drill
program that will, for the first time, test the continuity of the gold system
between previous intersections as well as its potential at depth. This discovery
is significant as the Timmins camp is one of the most prolific gold belts in the
world with numerous multi-million ounce deposits being mined over the last 100
years. More recent discoveries in this camp have been found by simply drilling
below old inactive mines, a fact that speaks well for the untested potential on
Rapier's package.


Under the PoA Rogue assigned the rights to explore for gold on its Pen Gold
South property to Rapier in exchange for Rapier shares. Under the spin-out
transaction, Rogue is implementing a plan of arrangement in which all of its 11
million Rapier shares will be distributed to Rogue shareholders on the basis of
one share of Rapier for every 4.49 shares of Rogue (amended from 4.04). 


Rapier anticipates closing its current financing next week and the Company will
provide an update to investors accordingly. The transaction has received
conditional TSX approval and the Company will seek final approval upon closing.
As part of the present financing Rapier has formed a strategic alliance with
AuRico Gold Inc. AuRico has committed to investing a minimum of $1.25 million in
Rapier at $0.30 per unit, each unit comprising one share and one-half warrant
exercisable within two years at $0.50 per share. Further details can be found in
Rogue's press release dated January 23, 2013, here:
http://www.rogueiron.com/s/news.asp?ReportID=567232.


Rapier Exploration

Rapier has commenced the first stage of exploration on the Pen Gold property, 4
kilometers west-southwest of historical drilling. This work included preliminary
mapping, overburden stripping of prospective geology and subsequent channel
sampling. The surface work is the foundation to a staged exploration program
designed to assist in assembling a more global picture of this area, its
mineralization potential, and ultimately, narrow down targets for diamond
drilling. Rapier intends to commence a diamond drill program to test the best
targets resulting from this preliminary geological work in early March. 


About AuRico Gold Inc.

AuRico is a leading Canadian gold producer with mines and projects in North
America with solid production growth and exceptional potential. Their project
pipeline also includes advanced development opportunities in Canada and Mexico.
As of today they have a market capitalization of roughly $1.7 billion and
currently operate the "Young Davidson gold mine" approximately 100 km southeast
of Rapier's Pen Gold Property, as well as the "El Chanate gold mine" in Mexico. 


About Rogue Iron Ore Corp.

Rogue Iron Ore Corp. is an exploration and development company with offices in
Vancouver, BC and Timmins, ON. 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 drill
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 

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, including in particular
disclosure regarding a revised transaction structure for the spin-out, the
ability to settle a revised financing condition with Rio Tinto and completion of
a relevant financing to meet any updated financing condition. 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.
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, those set out in the Company's MD&A and
other periodic filings. 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
Corporate Communications
(604) 638-1157
mike@rogueiron.com
www.rogueiron.com

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