Red Rock Resources increases investment in Cue Resources Ltd.

LONDON, UK, Jan. 16, 2012 /CNW/ - Red Rock Resources PLC announced today that it has acquired an additional 2,602,066 common shares in Cue Resources Ltd. ("Cue Resources") pursuant to the exercise of previously issued share purchase warrants.  The exercise price for each share purchase warrant was C$0.12 per common share for total consideration of $312,248.  The additional common shares represent approximately 2.16% of the issued and outstanding common shares of Cue Resources.

After giving effect to the transaction, Red Rock owns 18,900,066 common shares of Cue Resources representing 15.71% of the total issued and outstanding common shares of Cue Resources, as well as, 3,297,934 warrants which if exercised would represent an additional 3,297,934 common shares and an additional 2.67% of the total outstanding common shares of Cue Resources.

Regency Mines plc ("Regency") owns approximately 19.16% of Red Rock and as a result is presumed to be acting jointly and in concert with Red Rock.  Regency owns 4,506,385 common shares in Cue Resources representing 3.74% of the issued and outstanding common shares of Cue Resources.

Red Rock and Regency together own 23,406,451 common shares representing 19.46% of the issued and outstanding common shares of Cue Resources as well as 3,297,934 warrants which if exercised would represent an additional 3,297,934 common shares and an additional 2.67% of the total outstanding common shares of Cue Resources.

Red Rock acquired the common shares for investment purposes.  Depending on market and other conditions, Red Rock may, from time to time, increase or decrease its ownership, control or direction over the common shares or other securities of Cue Resources.

SOURCE Red Rock Resources PLC

For further information:

Red Rock Resources PLC
Contact: Andrew Bell
115 Eastbourne Mews, London UK
+44 (0) 2070995840

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Red Rock Resources PLC

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