Rogue Iron Ore Corp. Appoints Peter Campbell as Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 24, 2012) - Rogue Iron Ore Corp. (TSX VENTURE:RRS) ("Rogue" or the "Company") is pleased to announce Mr. Peter Campbell, P.Eng., has been appointed to the Board of Directors, as the Company continues to build its management team.

For the past six years, Mr. Campbell has worked as a senior mining analyst with Jennings Capital, focusing primarily on iron ore, copper and gold in the Abitibi region of Ontario. He has spent over 30 years in the mining industry and is a native of Timmins, Ontario, where Rogue has focused its activities. Prior to working as an analyst, he spent 19 years with Falconbridge, in both nickel operations in Sudbury and with the exploration department in Toronto, where he rose to exploration manager. Interestingly for Rogue, early in his career he also worked as a mine engineer in Kirkland Lake at the Adams Iron Mine (managed by Cleveland Cliffs) located 160 km east of Radio Hill.

"Mr. Campbell's addition to the Board is a significant step forward as the Company continues to build a strong iron ore team. He brings a high level of expertise as an iron analyst, as well as in nickel and iron mining, which makes him a perfect fit for Rogue in his capacity as director. This addition to our Board confirms the transition from a base metal exploration company toward an iron ore development company. We look forward to working with Mr. Campbell in bringing iron exploration and development back to prominence in Timmins", stated Freeman Smith, CEO & President.

As part of the transition, Mr. Frank Durant has resigned as director. The Company would like to particularly recognize Mr. Durant's contribution over the past two years. He was instrumental in the 2010 reorganization of the Company and has helped establish a strong base from which to move the Company forward.

About Rogue Iron Ore Corp:

Rogue's flagship asset, the Radio Hill iron ore project, is unlike most other iron plays as it is on top of exceptional infrastructure, including a highway, power, and the CN Rail mainline, and has also been significantly de-risked through approximately $10M in historical work. The Company recently completed a 10,500 meter drill program, which will be used for resource estimation and metallurgical test work once final assays have been received.

Near Term Company Catalysts Include:

  • Results from drilling of thickest portion of Radio Hill Iron Formation - assays pending
     
  • Completion of a NI 43-101 compliant resource estimate at Radio Hill
     
  • Results of metallurgical testwork at Radio Hill
     
  • Completion of spin-out gold company to capitalize on Rio Tinto gold discovery (visible gold in 11 separate drill intervals, all shallow drilling)
     
  • Further appointments at management and Board levels



ON BEHALF OF THE BOARD OF DIRECTORS

Freeman Smith, CEO & President

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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, 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. 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.

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.