|February 20, 2015|
Rockex Mining Appoints New CEO
|TORONTO, CANADA – February 20, 2015 – Rockex Mining Corporation ("Rockex" or the "Corporation") (CSE: RXM) is pleased to announce that Armando Plastino has been appointed Chief Executive Officer of the Corporation. Mr. Plastino first joined Rockex as a member of the Board of Directors in March of 2011 following his retirement from his position as Chief Executive Officer of Essar Steel Algoma Inc. after a long and successful career at Essar Steel Algoma and its predecessors. Mr. Plastino is also currently Chairman of the Board of Governors of Algoma University. He is a graduate of Ryerson University (1972) in Electrical Engineering Technology.|
"We are very pleased that Armando Plastino agreed to accept the appointment as Chief Executive Officer of Rockex", said Pierre Gagné, Chairman of the Board. "The Board looks forward to working with Mr. Plastino in his new role with the Corporation. We are confident that Rockex will benefit significantly from his leadership and from his experience in the sector."
The Board of Directors wishes to thank Edward (Ted) Yew for his service to the Corporation as Chief Executive Officer over the past few years, during which Rockex released a National Instrument 43-101 compliant Preliminary Economic Assessment (PEA) which defined Lake St. Joseph as a world class iron ore deposit. The Board wishes Ted every possible success in his new endeavours.
Rockex's Western Lake St. Joseph Project - which includes the Eagle Island Deposit, as well as additional potential deposits at Wolf Island and Fish Island - consists of a 100% interest in 13 contiguous mining claims and covers a nominal area of approximately 2,592 hectares located approximately 100 kilometres northeast of Sioux Lookout and 80 kilometres south-southwest of Pickle Lake. Rockex received a NI 43-101 mineral resources estimate for its Eagle Island Deposit which defined 1,287 million tonnes of Indicated Resources at a grade of 28.39% Fe and 108 million tonnes of Inferred Resources at a grade of 31.03Fe (see National Instrument 43-101 compliant report filed on Sedar on October 11,2013).
On October 13, 2013, Rockex publicly released a positive National Instrument 43-101 report (the "Report") summarizing the results of a formal Preliminary Economic Assessment (the "PEA") prepared by Met-Chem Canada Inc. for the Corporation's 100% owned Eagle Island Project in northwestern Ontario. The Report and the comprehensive initial news release dated August 27, 2013 announcing the results of the PEA can be viewed on the Corporation's SEDAR site at www.sedar.com and on Rockex's own website at www.rockexmining.com.
In addition, Rockex holds a 100% interest in four other iron projects in relatively close proximity to the Western Lake St. Joseph Project: (i) East Soules Bay, a property consisting of 3 contiguous mining claims (160 hectares) and 20 non-contiguous mining claims (800 hectares) in and along the eastern end of Lake St. Joseph, approximately 40 kilometres east of Rockex's Western Lake St. Joseph Iron Project, (ii) the Doran Lake Property consisting of 1 contiguous mining claims (192 hectares) in and along the north shore of Doran Lake, south of Lake St. Joseph, approximately midway between the Western Lake St. Joseph Iron Project and the East Soules Bay Project, (iii) the Root Lake Project, a property consisting of 5 contiguous claims (1.152 hectares), approximately 100 kilometres north of Sioux Lookout near the central part of Lake St. Joseph and (iv) the North Spirit Lake Property in Buckett Lake and Hewett Lake Townships, Red Lake Mining Division, District of Kenora, consisting of eight contiguous mining claims covering 1,536 hectares.
Please visit the Corporation's website at www.rockexmining.com
This news release may contain or refer to 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 production of HBI, estimated resources, grades, recovery rates, production rates, rates of return, capital costs, operating costs, sales prices and other aspects of the PEA. Such forward-looking information is subject to a variety of risks and uncertainties beyond Rockex's ability to control or predict that 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 obligation 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
Chief Executive Officer
Rockex Mining Corporation
Chairman of the Board
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