Red Rock Resources Regulatory News (RRR)

Red Rock Resources PLC

("Red Rock" or the "Company")

Kenya Exploration Update

Mikei Gold Project - Drill Programme Assay Results

7 January 2022

Red Rock Resources Plc ("Red Rock" or "the Company"), the natural resource development company with interests in gold and base metals, announces the results of the first batch of 950 samples from its recently completed 2021 phase 1 RC drilling exploration programme in the mid KKM prospect at the Mikei Gold Project ("MGP") in Kenya.

HIGHLIGHTS:

· A total of 20 drill holes totalling 2093 meters were completed as part of phase 1 RC Drilling Programme

· Sampling and logging was done at 1m intervals by our in-house geological team prior to being sent to SGS limited in Mwanza, Tanzania for accredited laboratory assay

· Results are of first batch of 950 samples from 9 out of the 20 drill holes. Final batch of Phase 1 drilling samples awaiting customs clearance.

· Highlight intercepts include (complete collar and assay tables available at the bottom of this release).

o KKRC102: 17m @ 1.02 g/t Au from 116m to 133m (including 1m @ 3.15 g/t Au)

o KKRC082: 6 m @ 1.17 g/t Au from 8m to 13m (including 1m @ 3.75 g/t Au)

o KKRC101: 4m @ 1.37 g/t Au from 83m to 87m (including 1m @ 2.7 g/t Au)

Red Rock Chairman Andrew Bell comments: "The drill programme was designed to test possible extensions of the mineralised zones and to infill some possible gaps where holes might previously have been drilled too far apart to allow an assumption of continuity of mineralisation in the Resource calculation.

A more powerful compressor had to be brought in part way through the programme, and the first nine holes for which we have results were those drilled while waiting for it to arrive. A comprehensive picture of the results of the programme awaits the results of the final eleven holes, including some deeper holes.

However these first nine holes were extremely encouraging, and take us some way towards our objectives for the programme. Seven of the drillholes intercepted gold mineralisation, including five at good grades.

We look forward to being able to announce the remaining results before long."

Programme Data:

Drill Programme assay table

*All thicknesses are downhole lengths and true thickness are not known at this stage

Drill Programme collar table

*Projection: UTM Zone 36 South Arc 1960

QA/QC

Sampling was done at intervals of 1 metre, and the majority of samples were dry with good to excellent recoveries. The company included certified reference materials (CRM) in the sample stream and constitutes approximately 5-10% of the sample stream. Samples from this drilling programme were submitted to SGS Limited in Mwanza, Tanzania which is an ISO certified and accredited laboratory for sample preparation and analysis. In addition to the company's CRMs, the laboratory has additional checks.

Background

The MGP (100% beneficially owned by Red Rock) comprises two prospecting licences which cover approximately 245 km2, namely PL/2018/0202 and PL/2018/0203, over the Migori Greenstone Belt, and are located along the northern margin of the Tanzanian Craton. The licences extend 63 km along the strike of the belt, which also hosts the Kilimapesa Gold treatment plant several km to the east of the Company's licenses. The North Mara Gold Mine, which is operated by Barrick Gold, is located 30 km to the south of the MGP in Tanzania.

Regional exploration in the project area began in the early 1930s and culminated in the identification and subsequent mining of the Macalder volcanogenic massive sulphide (VMS) base metal mine.

In 2010, Red Rock began the extensive task of file organisation, data digitisation and compilation of available historical data, following which CSA Global (UK) Ltd performed cross-checks and validation steps prior to loading it into a Structured Query Language (SQL) database using Datashed. During 2011 and 2012, Red Rock undertook an infill drilling programme at all five of the lode gold prospects; MK, Kakula-Kalange-Munyu (KKM), Kakula-Kalange-Munyu West (KW), Nyanza (NZ), and Gori Maria (GM) within PL/2018/0202.The Report published earlier this year documented the results of Mineral Resource estimation work initially conducted in 2011 and 2012 and revised in 2021 in order to report the Mineral Resources according to JORC (2012) guidelines.

JORC (2012) differs from earlier editions of the JORC Code in that for a Mineral Resource to be estimated it requires the application of "reasonable prospects of eventual economic extraction" ("RPEEE") principles. This has resulted in the case of the Mikei MRE in the calculation of pit shells supported by conceptual cost and gold price forecast parameters. Any material outside or below the reporting pit shell was updated as "Not Classified" since it did not meet the criteria to be reported as a Mineral Resource. 

The total Mineral Resource Estimate, at both Inferred and Indicated levels, was estimated at:

15.13 Mt @ 1.49 g/t Au with contained metal content of 723 KOz Au

All prospects, except GM, were classified as Indicated and Inferred Mineral Resources. GM was classified as Inferred only, mainly due to the relatively low average RC drill recovery of 62%.

Due to the uncertain lateral extent and depth of artisanal mining at the Mikei prospects, and the lack of topographic data to accurately deplete the Mineral Resource, all oxidised material was classified as Inferred Mineral Resources.

The Mineral Resource was reported as that material within the RPEEE pit shells, and above a cut-off grade of 0.5 g/t Au. The Mineral Resource was reported as of 18 January 2021.

The technical information in this release has been reviewed by Mr Joseph Komu, a member of AusIMM and the Project Manager of the Project. He is a member of a recognised professional organisation and has sufficient relevant experience to qualify as a qualified person as defined in the Guidance Note for Mining, Oil and Gas Companies published by AIM.

This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For further information, please contact:

Andrew Bell 0207 747 9990 Chairman Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396 NOMAD Beaumont Cornish Limited

Jason Robertson 020 7374 2212 Broker First Equity Limited