Rogue Presents 2017 Plan: expected Optimized PEA in Q2, anticipates Development Decision in Q3 for Silicon Ridge
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February 13, 2017 TSX-V: RRS
Rogue Presents 2017 Plan: expected Optimized PEA in Q2, anticipates
Development Decision in Q3 for Silicon Ridge
• Optimization of the Project will culminate in an Updated PEA, planned in Q2
• Permitting will advance through 1H; negotiations continue with Contract Miners, Product Offtakers, Logistics
Partners and Project Financiers, concluding by summer and leading to a Development Decision in Q3
• A positive Development Decision in Q3 will lead to anticipated Production and Sales from Silicon Ridge in Q4
Toronto, ON. – Rogue Resources Inc. (TSX -V: RRS) (“Rogue” or the “Company”) is pleased to outline the major events
anticipated for 2017, as the Company drives forward to wards a development decision on its Silicon Ridge Project (the
“Project” or “Silicon Ridge”) located approximately 42 km north of Baie-Saint- Paul, Québec.
“2017 will be a crucial year for Rogue, as we advance Silicon Ridge to ward a development decision and in the event of a
positive development decision, subsequent production,” stated Sean Samson, President & CEO. “We a re ve ry excited
about the potential impact of the ongoing o ptimization on an already appealing Project and the Q2 PEA should have
some very interesting results. Our permitting process is already underway and we are busy with commercial negotiations
on multiple fronts which will remain our focus through the first half of the year. If successful, we believe Silicon Ridge
can be a straightforward, profitable producer, for many years.”
44 Victoria Street, Suite 1612
Toronto, ON M5C 1Y2 CANADA
Telephone: +1-888-764-1981
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Project Optimization
Working closely with SNC-Lavalin, Rogue continues to optimize and improve on the business case for the Silicon Ridge
Project.
In addition to the overburden reduction previously announced in Q4, 2016, Rogue is working with SNC-Lavalin to update
the wireframes and block model, from which the Company plans to develop an updated resource for the Project. Based
on that r esource, SNC-Lavalin will develop an optimized Mine Plan and Capex Plan, including analysis of a Direct -Ship
Option (“DSO”) which the Company believes will reduce the Project Capex as compared to the September 2016 PEA.
The optimized Mine Plan and Capex Plan will be included into an updated, optimized PEA being authored by SNC-Lavalin
with an anticipated completion in Q2.
“We believe that completing an updated study with SNC-Lavalin will allow Rogue to show investors an enhanced business
case for the Project and present an even more compelling investment opportunity ,” stated Sean Samson, President &
CEO. “This was not our original strategy , but realiz ing now that there are significant optimizations, an updated,
optimized PEA will better reflect the value of the project.”
Permitting Process
With the assistance of SNC -Lavalin, the Company has begun the permitting process to receive the necessary permits,
certificates and authorizations from the various Québec ministries, authorities and municipalities to initiate
development and production activities in the coming months.
The permitting and authorization process for the Silicon Ridge Project will consist mainly of three separate ministries
awarding permits, authorizations and certificates, including:
A. The Ministère des Forêts, de la Faune et des Parcs (the “MFFP”, Ministry for Forestry, Wildlife and Parks)
which issues an authorization under section 128.7 of the Act Respecting the Conservation and Develo pment
of Wildlife (a “Sec 128.7”); in parallel to this, Rogue is applying to,
B. The Ministère de l'Énergie et des Ressources naturelles (the “MERN”, Ministry for Energy and Natural
Resources) for a bail d’exploitation minière permit (also known as a “BEX permit”); these two approvals will
lead to,
C. The Ministère du Développement durable, de l’Environnement et de la Lutte contre les changements
climatiques (the “MDDELCC”, Ministry for Sustainable Developmen t, Environment and Climate Change)
which grants the Certificate of Authorization (a “CofA”).
As outlined in the 2017 Plan, Rogue and SNC-Lavalin understand this process will culminate with the CofA, expected in
the summer.
Commercial Negotiations
The Company will continue to advance and finalize the various negotiations that are underway to prepare Silicon Ridge
for production. These include discussions with:
1. Contract Miners - with whom Rogue will partner for road construction, site preparation and pre-development, in
addition to the eventual quarrying contract.
2. Product Offtakers - the buyers of the silica, with whom Rogue is advancing discussions , including the
counterparties on the two non-binding Letters of Intent to Offtake ( see December 22, 2016 press release ) and
also ongoing discussions with other buyers of quartz - including ferrosilicon and silicon metal producers.
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3. Logistics - Rogue is advancing discussions with road haulage companies for shipment of material from site to
port, stevedores and port authorities for port service and maritime shipping suppliers.
4. Project Financing - Rogue is currently focused on non -dilutive sources of financing to assist in ultimately
developing the Project.
“The first half of 2017 will be busy running multiple commercial negotiations timed to be completed in conjunction with
the permitting, in the summer months,” said Sean Samson, President and CEO of Rogue Resources. “This will keep us on-
track for a development decision in Q3.”
About Rogue Resources Inc.
Rogue is a mining company focused on generating positive cash flow. Not tied to any metal, it looks at rock value and
good grade deposits that can withstand all stages of the metal price cycle. The current focus is Québec’s Silicon Ridge
Project. For more information visit www.rogueresources.ca.
Qualified Person
The Silicon Ridge Project is under the direct su pervision of Paul Davis , P Geo., and Vice -President, Technical of the
Company, a Qualified Persons ("QP") as defined by National Instrument 43 -101, has approved the scientific and
technical content of this release.
On Behalf of Rogue Resources Inc.
Sean Samson
President & CEO, Director
For additional information regarding this news release please contact:
Sean Samson
+1-647-243-6581
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this release constitute forward- looking statements,
including timing of completion of exploration work. 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 availability of capital at terms acceptable to the Company, factors related
to a development decision, that the Company is able to obtain any government or other regulatory approvals (including the permits
referred to herein) that the Company is able to procure personnel, equipment and supplies required for its exploration and
development activities in sufficient quantities and on a timely basis and that actual results are consistent with management' s
expectations, the timing and result of the third party negotiations referred to herein, the results of the Company’s optimization
efforts, the conclusions of an optimized PEA and ultimately whether or not production is achieved. 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 resul ts to
differ materially from those expressed or implied in such forward- looking statements. Such risk factors include, among others, those
matters identified in its continuous disclosure filings, including its most recently filed MD&A. 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.