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Message: Rolling Rock Resources Corporation: Private Placement Closes

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Rolling Rock Resources Corporation: Private Placement Closes

posted on Feb 05, 08 11:04AM

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 5, 2008) - Rolling Rock Resources Corporation (the "Company") (TSX VENTURE:RLL) has closed a non-brokered private placement (the "Private Placement") with aggregate gross proceeds of $1,322,500 from the sale of 5,750,000 units at a price of $0.23 per unit (the "Unit"). Each Unit consists of one common share and one non-transferable common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to purchase an additional common share for a price of $0.40 per share for a period of one year expiring February 5, 2009. The common shares issued, and any common shares issued pursuant to the exercise of warrants prior to June 6, 2008 will be restricted from trading until June 6, 2008.

Proceeds of this Private Placement will be used primarily for continued exploration of the Company's Monument Bay Property and Domain properties, as well as general corporate purposes.

The Company is now mobilizing to begin the planned winter drilling program on its 51% owned Domain Project in northern Manitoba. Rolling Rock can earn up to a 65% interest with the expenditure of an additional $700,000.

The Domain Project, measuring 7 kilometres x 20 kilometres totaling 14,000 hectares, covers air and ground geophysical targets over the Gods Lake greenstone belt.

FOR FURTHER INFORMATION PLEASE CONTACT: