Rogue Resources Announces Positive Preliminary Economic Assessment for Silicon Ridge Project

VANCOUVER, BC--(Marketwired - September 14, 2016) -

• Rogue announces results of the Preliminary Economic Assessment ("PEA") on its Silicon Ridge Project
• PEA indicates a base case pre-tax NPV (10% discount rate) of $36.5M and IRR of 40% (after-tax IRR of 33.9% and NPV_10% of $23.8M) and pre-production capital requirements of $10.5M (plus $2.6M contingency)^1,2
• Rogue continues to advance its plan for Silicon Ridge; project determination expected to be made this year
• Company remains focused on identifying and partnering with potential material buyers

1. The PEA is preliminary in nature and includes inferred mineral resources that are too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that PEA results will be realized. Mineral resources are not mineral reserves and do not have demonstrated economic viability.
2. All monetary values are stated in Canadian Dollars unless otherwise noted.

Rogue Resources Inc. (TSX VENTURE: RRS) ("Rogue" or the "Company") is pleased to report the results of a Preliminary Economic Assessment ("PEA") on its 100% owned Silicon Ridge Project (the "Project"), located approximately 42 km north of Baie-Saint Paul, Québec, and 4 km northeast of Sitec's operating silica mine. The PEA, prepared by Met-Chem Canada ("Met-Chem"), a division of DRA Americas, demonstrates a good economic project, initially modeled with a 20-year mine life and 200,000 tonnes mined per year. The PEA uses the pit constrained measured resource of 3.2 million tonnes ("Mt") grading 98.6% SiO₂, indicated resource of 6.5 Mt grading 98.6% SiO₂ and an inferred mineral resource of 4.6 Mt grading 98.6% SiO₂, a resource estimate developed by Met-Chem and previously announced by the Company on June 7, 2016 and supported by a National Instrument 43-101 ("NI 43-101") technical report filed on SEDAR.com on July 20, 2016 titled "NI 43-101 Technical Report on the Silicon Ridge Minerals Resources Quebec - Canada" effective date June 7, 2016. The PEA has a base case pre-tax net present value with a 10% discount rate ("NPV_10%") of $36.5 million and internal rate of return ("IRR") of 40% and after tax NPV_10% of $23.8 million and IRR of 33.9%. The technical report supporting this PEA (the "PEA Technical Report") will be filed on SEDAR within 45 days.