Red Rock Energy Inc. Completes Private Placement

Marketwired

CALGARY, ALBERTA--(Marketwire - Dec. 22, 2011) - RED ROCK ENERGY INC. (TSX VENTURE:RRK) ("Red Rock" or the "Corporation") is pleased to announce that it has, subject to the acceptance of the TSX Venture Exchange, completed a non-brokered private placement (the "Offering") to raise aggregate gross proceeds of $752,500 as described below. Pursuant to the Offering, the Corporation issued 2,010,000 units ("Units") at price of $0.10 per Unit and 5,013,636 common shares ("Common Shares") of the Corporation on a flow-through basis (the "Flow-Through Shares") at a price of $0.11 per Flow-Through Share. Each Unit consists of one Common Share and one common share purchase warrant ("Warrant"), with each Warrant entitling the holder thereof to purchase one additional Common Share from the treasury of the Corporation at a price of $0.15 per share for a period of 18 months from the closing date.

There is a four month hold period on the Common Shares, Flow-Through Shares and Warrants issued pursuant to the Offering which is expected to expire on or about April 24, 2012.

The Corporation paid a cash finder's fee to certain arm's length parties who assisted with the placement of the Units and Flow-Through Shares (collectively, the "Securities") equal to 8% of the value of the Securities placed by such parties, and issued non-transferable finder's warrants to such parties entitling the holders to acquire that number of Common Shares equal to 7% of the number of Securities sold by such parties.

The net proceeds of the Offering will be used to incur eligible exploration expenditures on existing properties of the Corporation and for general corporate purposes.

For further information regarding Red Rock, please refer to the Company's filings available on SEDAR (www.sedar.com) or contact the person below.

General Disclaimer

Red Rock and its management have taken all reasonable care in producing and publishing information contained in this news release, and will endeavor to do so on a periodic basis. Material in this news release may still contain technical or other inaccuracies, omissions, or typographical errors, for which Red Rock assumes no responsibility. Nor does Red Rock warrant or make any representations regarding the use, validity, accuracy, completeness or reliability of any claims, statements or information on this site. Under no circumstances, including, but not limited to, negligence, shall Red Rock be liable for any direct, indirect, special, incidental, consequential, or other damages, including but not limited to, loss of programs, loss of data, loss of use of computer of other systems, or loss of profits, whether or not advised of the possibility of damage, arising from your use, or inability to use, the material from this news release. The information is not a substitute for independent professional advice before making any investment decisions. Furthermore, you may not modify or reproduce in any form, electronic or otherwise, any information on this site, except for personal use unless you have obtained our express written permission.

Forward-Looking Statements

This news release may contain forward-looking statements, including but not limited to comments regarding predictions and projections. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact:
Sandy Loutitt
Red Rock Energy Inc.
President
(403) 685-9892
sandy@redrockenergy.ca

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