Larry Reaugh, President and Chief Executive Officer of Rocher Deboule Minerals Corp. (TSX.V: RD; OTCQB: RDBHF) (“Rocher” or the “Company”) is pleased to report the company has entered into an agreement to purchase a 33.33% interest along with Goldrea Resources Corp. (TSX.V-GOR) (33.33%) and Molycor Gold Corp. (TSX.V-MOR) (33.33%) in two separate groups of coal permit applications covering approximately 400,564 acres. (to view map go to https://www.rdminerals.ca/media/embedded/coal-permits-saskmap.pdf)
The north central group is located 450 km northwest of the GoldSource Mines Inc coal discovery and entails 145 permit applications covering 330,335 acres in the Lower Cretaceous Mannville Group. In general, the sub-bituminous coals of the Lower Cretaceous Mannville Group in Saskatchewan form seams of variable thickness and lateral extent that are spread over a wide geographic area. The permit applications cover the approximate location of Mannville coals in the northeast corner of the study area where near surface coal occurrences are located. The property and the study area is described in Prospect Saskatchewan Issue No. 3 dated October, 2005 by Saskatchewan Industry and Resources.
The Alberta Saskatchewan boundary group comprises 34 coal permit applications covering 70,227 acres. The permit applications cover the Macklin Coal field reported in Assessment Report 72N-0001 by Luscar Ltd. dated March 1987. The Macklin Coal field is reported to contain 54 million tonnes of sub-bituminous “A” rank coal**.
** Where historical estimates are referred to, the Company has no classification of the resource or reserve, and the Company has not obtained enough of the original data and has not done the work necessary to verify the classification of a resource or reserve. The Company is not treating the estimates as a NI 43-101 defined resource or reserve verified by a Qualified Person, and the historical estimate should not be relied upon.
Rocher’s 1/3 portion of the purchase price is as follows:
a) the sum of $10,833 (paid to the vendor) and the sum of $54,361 filing fees paid to the Saskatchewan Government and upon the approval of this transaction from the TSX Venture Exchange the issuance of 200,000 shares of Rocher Deboule Minerals Corp. common stock subject to a four month and one day hold period.
Rocher continues to expand its holdings in commodities strategic to the steel industry and the coal acquisition is a significant addition to its extensive holdings in Manganese, Niobium and Fluorspar.
This press release has been reviewed by John W. Fisher, P.Eng., a qualified person under NI 43-101.
On behalf of Management
ROCHER DEBOULE MINERALS CORP.
Larry W. Reaugh
President and Chief Executive Officer