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Rocky Mountain Announces Sale of Paris Hills Mineral Claims

  • Press Release
  • Source: Rocky Mountain Resources Corp.
  • On 3:19 pm EST, Friday November 6, 2009

VANCOUVER, BRITISH COLUMBIA--(Marketwire - 11/06/09) - ROCKY MOUNTAIN RESOURCES CORP. (TSX-V:RKY - News) is pleased to announce that, further to its previous announcement on October 9, 2009, its wholly-owned subsidiary, RMP Resources Corp. ("RMP"), has completed the sale of its interest in the Paris Hills Phosphate/Vanadium Property, located in Bear Lake County in Idaho, USA to a subsidiary of Stonegate Agricom Ltd. ("Stonegate"). As consideration for the sale, RMP received $1,000,000 in cash and 6,000,000 common shares of Stonegate valued at $0.50 per common share.

Stonegate is a private Canadian company engaged in the acquisition, exploration and development of agricultural nutrient projects. Stonegate's focus is the development of phosphate rock projects in the Americas. Stonegate's majority shareholder is Sprott Resource Corp. (TSX:SCP - News).

ON BEHALF OF THE BOARD

Brian J. McAlister, President

Neither TSX Venture Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the accuracy of this release.

Contact:


 
Contacts:
Rocky Mountain Resources Corp.
Brian J. McAlister
President
(604) 408 7553
cornetcapital@hotmail.com

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