Mr. John Mirko reports

ROKMASTER OPTIONS UNDRILLED PORPHYRY COPPER TARGET IN NORTHERN CHILE

Rokmaster Resources Corp. has entered into an option agreement with Patrick James Burns (the optionor), pursuant to which the optionor has granted the company an exclusive option to acquire 100 per cent of the right, title and interest in and to the Cristal property, comprising three contiguous exploitation mineral concessions located along the West Fissure, north of the Collahuasi/Ujina porphyry copper district in Northern Chile.

Transaction highlights:

• Exclusive option to acquire 100-per-cent interest in the property, comprising approximately nine square kilometres of contiguous exploitation mineral concessions in northern Chile covering an undrilled series of geophysical anomalies, indicating potential buried major porphyry system(s);
• Total consideration of 21 million common shares of Rokmaster, issuable over 36 months, and $70,000 (U.S.) in cash;
• Upon exercise of the option, a 2.5-per-cent net smelter return (NSR) royalty will be granted to the optionor, subject to partial buyback rights;
• The transaction is subject to acceptance by the TSX Venture Exchange.

Option agreement

Pursuant to the option agreement, the optionor has granted the company an exclusive option to acquire 100 per cent of the right, title and interest in and to the property and the associated property rights. The option period is 36 months from the date of the option agreement. The company may exercise the option by completing all of the following payments:

• Seven million common shares of Rokmaster and $70,000 (U.S.) in cash, to be issued and paid upon acceptance of the option agreement by the TSX Venture Exchange;
• An additional seven million common shares of Rokmaster within 24 months of the date of the option agreement;
• An additional seven million common shares of Rokmaster within 36 months of the date of the option agreement.

The option agreement is an arm's-length transaction. Closing is subject to TSX-V approval and customary closing conditions. Completion of the transactions contemplated by the option agreement, including the issuance of the consideration shares, remains subject to acceptance by the TSX-V. The Consideration Shares, when issued, will be subject to applicable resale restrictions under Canadian securities laws and the policies of the TSX-V.

The option agreement also establishes an area of common interest of two kilometres from the outermost boundary of the property, pursuant to which each party has agreed to notify the other of any mineral property interest acquired within such area during the option period.

NSR royalty

Upon exercise of the option, the company will grant the optionor a 2.5-per-cent NSR royalty over the property. NSR royalty payments will become due from the commencement of commercial production on the property.

The company will retain the following buyback rights in respect of the NSR royalty:

• Within 12 months following the commencement of commercial production, the company may repurchase 1 per cent of the NSR royalty (representing 40 per cent of the total NSR royalty) for $1-million (U.S.), subject to adjustment according to Consumer Price Index (CPI) variation from the date of the option agreement (the first buyback option).
• Within 24 months following the exercise of the first buyback option, the company may repurchase an additional 1 per cent of the NSR royalty (representing two-thirds of the then-remaining NSR royalty) for $1-million (U.S.), subject to adjustment according to CPI variation from the date of the option agreement (the second buyback option).

The remaining 0.5-per-cent NSR royalty interest is not subject to any repurchase right.

Property overview

The Cristal project comprises three contiguous mineral concessions located in the western Andes of northern Chile, approximately 10 kilometres south of the Peruvian border and within the Huayillas Quadrangle.

The project is situated at the intersection of the West Fissure fault zone structural corridor and the Incapuquio fault system. The property consists of approximately nine square kilometres of exploitation concessions known as Cristal I, Cristal III and Cristal 15, surrounded by concessions owned by Antofagasta Minerals, Codelco, Rio Tinto and First Quantum.

The Cristal project is an exploration-stage copper property located in northern Chile. The project is considered highly prospective for a large-scale, buried porphyry copper system, supported by historical geological and geophysical data, including magnetic and gravity anomalies consistent with major porphyry systems. The project is situated within a highly prospective regional structural corridor, which has attracted historical exploration activity from major mining companies.

Rokmaster views the Cristal project as a compelling copper exploration opportunity in one of the world's most prolific porphyry copper belts. Historical technical work, showing a strong donut-shaped magnetic anomaly at the centre of the property, indicates the project is prospective for a concealed porphyry copper system at depth. A prior National Instrument 43-101 technical report on the Cristal copper property stated that the property is believed to host potential porphyry copper mineralization at depth, with potentially mineralized rocks interpreted to occur approximately 600 to 800 metres below surface.

John Mirko, chief executive officer and a director, commented: "We are very excited to acquire the Cristal project, which we believe represents a highly accretive addition to Rokmaster's copper-gold focused exploration portfolio.

"Cristal provides our shareholders with exposure to a large-scale, concealed porphyry copper target in northern Chile, one of the world's most important copper-producing jurisdictions. The project benefits from strong geological and geophysical indicators, historical technical work by major mining companies in the district, and a clear first-phase drill target that can be tested in a focused and disciplined manner.

"As global demand for copper continues to strengthen, we believe Cristal adds meaningful discovery upside to Rokmaster while complementing our existing portfolio of high-potential exploration assets."

Other business

Rokmaster Resources is also pleased to announce the appointment of Matthew Parent as president and a director of the company, effective immediately.

Mr. Parent is a proven entrepreneur with over 35 years of business-building experience in corporate strategy, operations, sales and marketing, and finance, having successfully founded, developed and scaled several businesses, including in the transportation and logistics and home services industries. Prior to joining Rokmaster, Mr. Parent spent the past 8.5 years at the Investing News Network (INN) in roles that included director of business development and director of capital markets, where he worked with over 250 publicly listed companies across Canada and the United States.

Mr. Parent is an active participant in the capital markets and has consulted numerous junior mining companies to support their capital markets and financing initiatives. Mr. Parent is currently an independent director of Canadian Securities Exchange-listed Red Metal Resources Ltd.

Mr. Parent has an honours bachelor of arts from the University of Western Ontario, a bachelor of commerce (with honours distinction) from the University of Windsor and an accounting degree from Athabasca University. Mr. Parent has successfully completed the Canadian Securities Course and the IFSE dealer representative course and is currently enrolled in the Officers, Directors and Partners course with the Canadian Securities Institute.

Mr. Mirko stated: "We are pleased to have an experienced entrepreneur and successful business builder in Matt join the executive management team and board of directors at Rokmaster Resources. Matt will bring his broad business-focused skill set to the Rokmaster team and be a valuable asset in helping us execute on our many corporate initiatives, including, among others, our capital markets and corporate communications strategies."

The technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 and reviewed and approved by Tom Henrickson, PGeo, who is independent of Rokmaster.

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