Rogue to Acquire the Snow White Project, a Permitted Silica/Quartz Quarry in Northern Ontario

TORONTO, ON--(Marketwired - October 20, 2017) -

• Property has existing Silica/Quartz Pit-Quarry Aggregate Permit
• High SiO2 and low impurities confirmed by historic bulk testing by Silicon Metal Producer
• Project anticipated to work well with Rogue's Specialty Distribution Partner and under its the Exploration and Development Agreement with Silicon Metal producers

Rogue Resources Inc. (TSX VENTURE: RRS) ("Rogue" or the "Company") is pleased to announce that it has entered into an agreement (the "Agreement") to acquire the entire Snow White Quartz Project ("Snow White" or the "Project"), located near Massey, Ontario, Canada from a Sudbury-based prospector (the "Seller").

"Once Rogue initiated the Quartz Exploration & Development Agreement in September, quartz opportunities began to present themselves to us and Snow White was at the top of the list. We have said that in addition to Silicon Ridge we would continue to analyze other quartz deposits with varying volume potential, cost structure and metallurgical characteristics. The acquisition of Snow White will be a direct result of this work and will strengthen our portfolio", said Sean Samson, President and CEO of Rogue.

The Agreement

Under the terms of the Agreement, Rogue has agreed to purchase the Project (the "Acquisition") by delivering, among other things, the following to the Seller:

• cash payment at closing (the "Closing") of CAD$25,000;
• issuance of 150,000 Rogue common shares ("Common Shares") at Closing;
• additional cash payments of an aggregate of CAD$725,000 following Closing upon the earlier of achievement of certain milestones and anniversaries of Closing (the "Payment Period");
• additional issuance of an aggregate of 900,000 Common Shares during the Payment Period; and
• grant of a 2% net return on all quartz/silica from the Project, subject to a reservation by the Company of a buy back right upon payment of an additional CAD$2 million to the Seller.

Pursuant to the Agreement, Closing of the Acquisition is expected to take place in December 2017, conditional upon the completion of certain confirmatory due diligence by the Seller, including thermal strength index ("TSI") test work currently underway, and the approval of the TSX Venture Exchange.