Rogue to Acquire the Snow White Project, a Permitted Silica/Quartz Quarry in Northern Ontario
October 20, 2017 TSX-V: RRS
Rogue to Acquire the Snow White Project, a Permitted Silica/Quartz
Quarry in Northern Ontario
• Property has existing Silica/Quartz Pit-Quarry Aggregate Permit
• High SiO2 and low impurities confirmed by historic bulk testing by Silicon Metal Producer
• Project anticipated to work well with Rogue’s Specialty Distribution Partner and under its the Exploration and
Development Agreement with Silicon Metal producers
TORONTO, ON – Rogue Resources Inc. (TSX-V: RRS) (“Rogue” or the “Company”) is pleased to announce that it has
entered into an agreement (the "Agreement") to acquire the enti re Snow White Quartz Project ("Snow White" or the
"Project"), located near Massey, Ontario, Canada from a Sudbury-based prospector (the “Seller”).
“Once Rogue initiated the Quartz Exploration & Development Agreement in September, quartz opportunities bega n to
present themselves to us and Snow White was at the top of the list. We have said that in addition to Silicon Ridge we
would continue to analyze other quartz deposits with varying volume potential, cost structure and metallurgical
characteristics. The acquisition of Snow White will be a direct result of this work and will strengthen our portfolio”, said
Sean Samson, President and CEO of Rogue.
The Agreement
Under the terms of the Agreement, Rogue has agreed to purchase the Project (the “Acquisition”) b y delivering, among
other things, the following to the Seller:
• cash payment at closing (the “Closing”) of CAD$25,000;
• issuance of 150,000 Rogue common shares (“Common Shares”) at Closing;
• additional cash payments of an aggregate of CAD$725,000 following Closing upon the earlier of achievement
of certain milestones and anniversaries of Closing (the “Payment Period”);
• additional issuance of an aggregate of 900,000 Common Shares during the Payment Period; and
• grant of a 2% net return on all quartz/silica from the Project, subject to a reservation by the Company of a buy
back right upon payment of an additional CAD$2 million to the Seller.
Pursuant to the Agreement, Closing of the Acquisition is expected to take place in December 2017, conditional upon the
completion of certain confirmatory due diligence by the Seller, including thermal strength index (“TSI”) test work
currently underway, and the approval of the TSX Venture Exchange.
The Snow White Project
The Snow White property consists of two staked mining claims representing approximately 96 hectares, located
approximately 26 km northwest of the town of Massey, 125 km west of the city of Sudbury and 500km north -northwest
of Toronto. The Project currently has Class A and Class B Pit -Quarry-Aggregate Permits for unlimited annual silica/quartz
production. The area surrounding the Project is equipped with good infrastructure, a n existing access road, and is also
proximate to deep-water ports on Lake Huron that the Company expects could ease transportation logistics in respect of
the Project.
44 Victoria Street, Suite 1612
Toronto, ON M5C 1Y2 CANADA
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Snow White’s material has been drilled and metallurgically tested over the past two decades. In 2 000, Globe Specialty
Metals Inc. (now part of Ferroglobe PLC ), completed furnace testing on a 93 3 tonne bulk sample at their facility in
Niagara Falls, New York which indicated that the shipment met all of the specification requirements and that a good
quality silicon metal was produced in the furnace during the testing.
Additional areas of possible quartz mineralization have been identified within the Project’s property boundaries and
could represent targets for future exploration.
About Rogue Resources Inc.
Rogue is a mining company focused on identifying positive cash flow opportunities. Not tied to any metal, the Company
looks at rock value and good grade deposits that can withstand all stages of the metal price cycle. The Company remains
focused on advancing its Silicon Ridge Project, exploring its other assets, including Radio Hill, and identifying additional
assets that meet its criteria.
For more information visit www.rogueresources.ca
Qualified Person
The Snow White Project is under the direct supervision of Paul Davis, P.Geo., VP, Technical and Director of the Company
and a Qualified Person (“QP”) as defined by National Instrument 43 -101. The QP 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
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:
This news release contains certain statements or disclosures relating to the Company that are based on the expectations
of its management as well as assumptions made by and information currently available to the Company which may
constitute forward-looking statements or information (“forward- looking statements”) under applicable securities laws.
All such statements and disclosures, other than those of historical fact, which address activities, events, outcomes, results
or developments that the Company anticipates or expects may, or will occur in the futur e (in whole or in part) should be
considered forward-looking statements. In some cases, forward -looking statements can be identified by the use of the
words “will”, “anticipate”, “potential”, “would”, “continue”, “can”, “expect”, “conditional”, “could”, “ possible”, “future”
and similar expressions.
In particular, but without limiting the foregoing, this news release contains forward-looking statements pertaining to the
following: the acquisition of the Project; the timing of Closing; the ability of the parties to the Agreement to complete the
Acquisition; conditions to Closing; the benefits of the Acquisition to the Company, including benefits in respect of existing
business relationships; the production of minerals from the Project and the quality thereof; the acceptability of minerals
produced from the Project to certain purchasers; the area surrounding the Project; and exploration potential of the area
within the Project’s property boundaries.
The forward -looking statements contained in this news release reflect several material factors and expectations and
assumptions of the Company including, without limitation: business strategies and the environment in which the
Company will operate in the future; the price of quartz; exploration and development costs; mining operations and
development parameters; regulatory restrictions; activities of governmental authorities (including changes in taxation);
currency fluctuations; the global economic climate; and competition.
The Company believes that the material fact ors, expectations and assumptions reflected in the forward- looking
statements are reasonable at this time but no assurance can be given that these factors, expectations and assumptions
will prove to be correct. The forward- looking statements included in this news release are not guarantees of future
performance and should not be unduly relied upon. Such forward- looking statements involve known and unknown risks,
uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such
forward-looking statements including, without limitation: general economic, market and business conditions; the Project
may not be completed in the timelines anticipated, in the manner anticipated or at all; the Project may not have the
results currently anticipated by the Company; the Company may be unable to resolve geological, mechanical or
operational issues in the timelines anticipated, in the manner anticipated or at all; increased costs and expenses; reliance
on industry partners; risks related to operations, government and environmental regulation, conclusions of economic
evaluations and changes in project parameters as plans continue to be refined; risks in the marketability of minerals;
fluctuations in the price of quart z; fluctuation in foreign exchange rates and interest rates; stock market volatility; and
certain other risks detailed from time to time in the Company's public disclosure documents including, without limitation,
those risks identified in this news release , and in the Company’s most recent annual and interim management’s
discussion and analysis, copies of which are available on the Company’s SEDAR profile at www.sedar.com. Readers are
cautioned that the foregoing list of factors is not exhaustive and are cautioned not to place undue reliance on these
forward-looking statements.
The forward -looking statements contained in this news release are made as of the date hereof and the Company
undertakes no obligations to update publicly or revise any forward- looking statements, whether as a result of new
information, future events or otherwise, unless so required by applicable securities laws.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United
States of America. The securities have not been and will not be registered under the United States Securities Act of 1933
(the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S.
Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state
securities laws, or an exemption from such registration is available.