Rogue Presents 2017 Plan

expected Optimized PEA in Q2, anticipates Development Decision in Q3 for Silicon Ridge

TORONTO, ON--(Marketwired - February 13, 2017) -

• Optimization of the Project will culminate in an Updated PEA, planned in Q2
• Permitting will advance through 1H; negotiations continue with Contract Miners, Product Offtakers, Logistics Partners and Project Financiers, concluding by summer and leading to a Development Decision in Q3
• A positive Development Decision in Q3 will lead to anticipated Production and Sales from Silicon Ridge in Q4

Rogue Resources Inc. (TSX VENTURE: RRS) ("Rogue" or the "Company") is pleased to outline the major events anticipated for 2017, as the Company drives forward towards a development decision on its Silicon Ridge Project (the "Project" or "Silicon Ridge") located approximately 42 km north of Baie-Saint- Paul, Québec.

2017 - Moving into Production:
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"2017 will be a crucial year for Rogue, as we advance Silicon Ridge toward a development decision and in the event of a positive development decision, subsequent production," stated Sean Samson, President & CEO. "We are very excited about the potential impact of the ongoing optimization on an already appealing Project and the Q2 PEA should have some very interesting results. Our permitting process is already underway and we are busy with commercial negotiations on multiple fronts which will remain our focus through the first half of the year. If successful, we believe Silicon Ridge can be a straightforward, profitable producer, for many years."

Project Optimization

Working closely with SNC-Lavalin, Rogue continues to optimize and improve on the business case for the Silicon Ridge Project.

In addition to the overburden reduction previously announced in Q4, 2016, Rogue is working with SNC-Lavalin to update the wireframes and block model, from which the Company plans to develop an updated resource for the Project. Based on that resource, SNC-Lavalin will develop an optimized Mine Plan and Capex Plan, including analysis of a Direct-Ship Option ("DSO") which the Company believes will reduce the Project Capex as compared to the September 2016 PEA. The optimized Mine Plan and Capex Plan will be included into an updated, optimized PEA being authored by SNC-Lavalin with an anticipated completion in Q2.