RRK

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.


RED ROCK ENERGY Inc. (TSX VENTURE:RRK) ("Red Rock" or "the Corporation") has
executed a Letter of Engagement with Wolverton Securities Ltd. ("the Agent")
pursuant to which the Agent has agreed to act as agent in connection with a
brokered private placement financing of units and flow through common shares to
raise a minimum of $2.5 million and a maximum of $5.6 million. This financing,
which remains subject to the completion of due diligence procedures by Wolverton
and will be completed on a commercially reasonable efforts basis, contemplates
the issuance of up to a maximum of 30,666,667 units at a price of $0.15 and up
to 5,555,556 flow through common shares at a price of $0.18 per flow through
share. The financing is subject to raising minimum aggregate gross proceeds of
$2.5 million, of which at least $2.0 million is to be raised through the
issuance of units. Each unit will be comprised of one common share and one
non-transferable common share purchase warrant, with each full warrant being
exercisable for one common share of the Corporation within 18 months of the
closing date, subject to acceleration in certain circumstances, and at a price
of $0.25 per share. The parties intend to close this offering as quickly as
practicable, and expect such to occur within 60 days. 


Proceeds of the offering will be used to continue development of the
Corporation's petroleum exploration project in north eastern British Columbia,
such activity to include commencement of recompletion and exploratory drilling
activities and acquisition of additional lands in the general region. A portion
of the funds raised will also be applied to general corporate purposes.


Forward-Looking Statements

This news release may contain forward-looking statements, including but not
limited to statements regarding the expected timing of and use of proceeds of
the financing. Forward-looking statements are based on the opinions and
estimates of management at the date the statements are made, and are subject to
a variety of risks and uncertainties and other factors, including the
possibility that the Corporation does not close the financing, that could cause
actual events or results to differ materially from those projected in the
forward-looking statements. Additionally, the financing is subject to the
approval of the TSX Venture Exchange.


For further information regarding., please refer to the Corporation's filings
available on SEDAR (Http://www.sedar.com).


This news release shall not constitute an offer to sell or the solicitation of
any offer to buy securities of the Corporation in any jurisdiction, including
the United States. The securities of the Corporation have not been and will not
be registered under the United States Securities Act of 1933, as amended (the
"U.S. Securities Act") or any state securities laws and have not been and will
not be offered or sold in the United States or to any U.S. person except in
certain transactions exempt from the registration requirements of the U.S.
Securities Act and applicable state securities laws.

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