Rockex Mining Announces Exclusivity Agreement
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S NEWSWIRE SERVICES
ROCKEX MINING ANNOUNCES EXCLUSIVITY AGREEMENT
ON ITS ROOT LAKE LITHIUM PROJECT
December 2, 2022 – Thunder Bay, Ontario - Rockex Mining Corporation (“Rockex” or the “Corporation”)
(CSE: RXM) is pleased to announce that it has signed an exclusivity agreement with Fifty St George Pty
Ltd. (“ FSG”) granting FSG the exclusive option to acquire a 90% interest in the Root Lake mineral
exploration claims in northwestern Ontario. The Root Lake property is comprised of 94 contiguous cell
claims (1,927 hectares) approximately 100 kilometers north of Sioux Lookout near the west end of Lake St.
Joseph, a prospective lithium project. Rockex has received an exclusivity fee of $125,000 for granting FSG
the exclusive right for a period of six months (the “Exclusivity Period”) to complete its technical and legal
due diligence investigations and to finalize the binding terms and conditions of an option agreement (the
“Option Agreement”). For the duration of the Exclusivity Period, Rockex has agreed to deal exclusively
with FSG and to cooperate with FSG in connection with its due diligence investigations. The terms of the
Option Agreement are contemplated to include Rockex receiving (i) a cash payment of $550,000, (ii) shares
of FSG having an aggregate value of $575,000 and (iii) a 2% net smelter royalty. Rockex will retain a 10%
carried interest in the Root Lake property until a final investment decision.
About Rockex
Rockex is a Canadian exploration company focused on developing high quality iron ore assets strategically
located in areas largely under-explored, and that host significant mineral potential. Its core asset is the Lake
St. Joseph Project which includes the Eagle Island Deposit, as well as additional potential deposits at Wolf
Island and Fish Island. It also has other properties in northwestern Ont ario which it refers to as the East
Soules Bay Property, the Root Lake Property and the North Spirit Lake Property.
For further information, please refer to the Corporation’s profile on SEDAR which may be accessed at
www.sedar.com, and visit our website at www.rockexmining.com.
Contacts:
Pierre Gagné, Chief Executive Officer of Rockex
Phone: (807) 623-2626
Email address: [email protected]
Cautionary Statements
This news release contains forward-looking information. All information, other than statements of historical
fact, that address activities, events or developments that Rockex believes, expects or anticipates will or
may occur in the future are forward-looking statements, including statements regarding the completion and
filing of its financial statements . This forward -looking information is subject to a variety of risks and
uncertainties beyond Rockex’s ability to control or predict and which may cause actual events or results to
differ materially from those described in such forward-looking information. Any forward-looking information
speaks only as of the date on which it is made and, except as may be required by applicable securities
laws, Rockex disclaims any intent or obligat ion to update any forward- looking information, whether as a
result of new information, future events or results or otherwise. Although Rockex believes that the
assumptions inherent in the forward-looking information are reasonable, forward-looking information is not
a guarantee of future performance and, accordingly, undue reliance should not be placed on this forward-
looking information due to the inherent uncertainty thereof.
Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the
adequacy or accuracy of this release.
ROCKEX MINING CORPORATION
CSE: RXM