Rogue Initiates Exploration & Development Agreement, becomes Canadian Quartz Supply Agent for two Silicon Metal Companies

TORONTO, ON--(Marketwired - September 06, 2017) -

• Rogue has negotiated an Agreement with PCC SE ("PCC") and Thorsil ehf ("Thorsil") for the identification and development of new quartz deposits
• Under the Agreement, Rogue will identify and present new quartz development targets to PCC and Thorsil
• PCC and Thorsil will direct all Canadian quartz mining asset opportunities to Rogue for further analysis and advancement
• Rogue plans to supply both companies (in addition to other buyers) from the Silicon Ridge Project, plus other quartz deposits, as the demand volume increases and specific metallurgies are required
• Corporate Update Conference Call scheduled for Thursday September 7th, 2017 at noon Eastern

Rogue Resources Inc. (TSX VENTURE: RRS) ("Rogue" or the "Company") is pleased to announce the development of a 3-way Agreement with PCC and Thorsil to identify and advance promising new quartz projects in Canada. PCC is currently constructing a plant in Iceland to produce metallurgical grade silicon ("MgSi"), with an initial capacity of 32,000 tonnes, commissioning in early 2018. Thorsil is developing their own MgSi plant in Iceland, with a capacity of 54,000 tonnes, scheduled to be in production in 2019. Both companies have long-term plans to expand and move into more specialized MgSi production, requiring very specific quartz metallurgy.

Each tonne of MgSi requires between 2.8 and 3 tonnes of high quality quartz. Rogue's Silicon Ridge Project in Quebec, for which a Development Decision and Production is planned for 2018, has an initial planned production capacity of 182,500 tonnes of high quality quartz*. In addition to Silicon Ridge, Rogue continues to analyze other quartz deposits with varying volume potential, cost structure and metallurgical characteristics.

As part of the Agreement, Rogue will become the exclusive Canadian quartz supply agent for both PCC and Thorsil except on a limited number of projects identified by PCC and Thorsil prior to the formation of this Agreement. In addition, the MgSi producers will each direct Canadian quartz opportunities to Rogue, for collaborative development.

"We look forward to continuing our work with Rogue, we appreciate the methodical approach they have taken to advancing their Silicon Ridge Project and want to work with them to apply this approach to additional assets," said Dr. Peter Wenzel, Executive Vice President of PCC. "As we grow, and our requirement becomes larger, we are always interested in identifying and developing the best supply options."