RRS Rogue Resources Inc

--  TRANSACTION COMPLETED ON MARCH 8, 2013; RAPIER GOLD INC. ("RAPIER")
    SHARES LISTED ON TSX VENTURE EXCHANGE UNDER SYMBOL 'RPR' TO FREE TRADE
    TUESDAY, MARCH 12, 2013 
--  AURICO GOLD INC. ("AURICO") PARTICIPATES IN THE AMOUNT OF $1.41M FOR A
    19.9% STAKE IN RAPIER 
--  AURICO AND RAPIER HAVE FORMED A TECHNICAL ALLIANCE TO EXPLORE THE PEN
    GOLD PROJECT, AND AURICO HAS THE RIGHT TO MAINTAIN ITS 19.9% INTEREST
    THROUGH FUTURE FINANCINGS 
--  FUNDS RAISED FOR RAPIER SPINOUT, INCLUDING SEED FINANCING AND FT
    FINANCING IN 2012, TOTAL $3.4 MILLION 



Rogue Iron Ore Corp. (TSX VENTURE:RRS) (the "Company", "Rogue") is pleased to
announce its spin-out company, Rapier Gold Inc. (TSX VENTURE:RPR) ("Rapier"),
has completed two private placements in the amount of $1,153,245 as well as
secured AuRico Gold Inc. as a technical partner with a private placement of
$1,410,000 (collectively, the "Private Placements"). The private placements
consist of units of common shares at a price of $0.30 per unit with a warrant
priced at 50 cents. The completion of the private placement is one of the final
steps prior to Rapier shares becoming free trading whereby Rogue shareholders
will receive Rapier shares on a 4.49:1 ratio. Rapier is now a fully listed TSX
Venture Company with the symbol RPR and will begin free trading Tuesday, March
12, 2013. 


The proceeds of the Private Placements will be primarily used to make the cash
payment to Rio Tinto Plc. ("Rio Tinto") as consideration for the acquisition of
two subsidiaries which contain the Pen North Gold Project. Rapier's Pen Gold
property comprises a consolidated land package of Rio Tinto's and Rogue's
properties. The Pen Gold property is situated along a prolific gold belt that
straddles the Porcupine-Destor Fault, a large geological structure responsible
for some of the largest gold mines and highest gold production in the world.
Rapier will commence drilling on the Pen North Gold Project in the area of the
gold discovery by Rio Tinto.


Rogue's President and CEO, Freeman Smith, comments, "The completion of the
Private Placements is significant to the Company as it is one of the most
important and final aspects of the Plan of Arrangement, which has allowed Rapier
to become listed on the TSX Venture Exchange." He continues, "This transaction
has given Rogue shareholders exposure to gold focused exploration company which
has a very large and significant land position, without taking away from the
Company's focus or primary assets. Our objective is to continue to look at
creative ways to monetize and joint venture other Rogue assets and we expect to
have further updates for investors on other fronts we are working on."


Through the Private Placements, the Company raised aggregate gross proceeds of
$2,563,245 from the sale of 2,094,700 flow-through subscription receipts ("FT
Units") at a price of $0.35 per FT Unit, and 6,100,333 non-flow-through
subscription receipts ("NFT Units") at a price of $0.30 per NFT Unit
(collectively, the "Offering") for a total of 8,195,033 units. Each one of the
FT Units and NFT Units include one-half of one share purchase warrant
("Warrant"). Each whole Warrant entitles the subscriber, upon exercise, to
purchase one common share in the capital of Rapier at a price of $0.50 for two
years commencing March 8, 2013, the date Rapier was listed on the TSX Venture
Exchange (the "Warrant Expiry Date"). A total of 4,097,517 Warrants were issued
in respect of this transaction.


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.


The Company was has a diverse project portfolio including its wholly owned
Langmuir nickel deposit in Ontario, a zinc-lead-copper discovery in Bathurst,
New Brunswick and a number of gold properties near Timmins, Ontario, Kirkland
Lake, Ontario and Val-d'Or, Quebec.


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 

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 securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful. The securities 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 or
the Private Placement, 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, or be able to close the Private Placement and receive the
requisite governmental or regulatory approvals. 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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