VANCOUVER, BRITISH COLUMBIA--(Marketwire -03/22/12)- Rockgate Capital Corp. (TSX: RGT.TO - News) (the "Company" or "Rockgate") is closely monitoring events in Mali where it has been reported that members of Mali's armed forces completed a Coup d'Etat during the early morning hours of March 22. Official reports indicate that the area of insurgency has been limited to the capital city of Bamako. Rockgate's operations at Falea are located 350 km west of the capital and approximately 240 km south of the city of Kayes. The nearest town is Kenieba, which is an 80 km drive north from the Property.
Rockgate's President and Chief Executive Officer, Karl Kottmeier commented from Burkina Faso, "we have been in regular contact with our operations team at Falea as well as our Country Manager in Bamako, and can report that our ongoing exploration and development activities are proceeding unhindered. Our primary concern is the safety and security of our field personnel and I am happy to report that they have thus far felt no impact whatsoever from the events occurring in Bamako."
The Company has been contacted by the Canadian Embassy in Bamako and received an advisory that travel to and from Bamako is not recommended, and that those in Bamako should remain where they are.
"Mali has been ruled by a democratically elected government for the nearly 20 years; the next election was scheduled to start in April. The country is heavily is reliant upon natural resources as an economic driver, and we expect no significant changes from the recent turmoil. We will continue to monitor the situation closely," concluded Mr. Kottmeier.
ON BEHALF OF THE BOARD OF DIRECTORS OF ROCKGATE CAPITAL CORP.
Karl Kottmeier, President
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