& Rock Energy Resources, Inc. - RCKE.PK announced today a profile of its & Red Arrow Mine acquisition, the principal asset of He-Man LLC, together & with estimates on production volumes and expected cash flows from the & project.&

& As announced yesterday, He-Man LLC closed a $25 million financing to & develop the Red Arrow mine located in Mancos Colorado. Within the next & 30 days, Rock Energy will complete the acquisition of He-Man LLC.&

 

& Red Arrow Mine:&

& He-Man LLC owns an undivided 49% interest in 370 acres of patented & mining claims in the Red Arrow gold mine located in Mancos, Colorado. In & 2006, Red Arrow Gold, the operator of the mine, resumed year round & operations at the Red Arrow Mine. Major renovations were done on the Old & Mill, Gold Run and River Level tunnels. Widening drifts, timbering, roof & bolting and installation of air, water lines and rail is now complete. & An underground water source has been developed for drilling and a second & escape way has been installed along with equipment needed to initiate & full scale mine production. Ore production has begun on the Gold Run & Level with production levels to increase as drifts (horizontal tunnels) & and stope development (mining upward along the strike of the vein) & progress. In June of 2008, the Colorado Division of Reclamation, Mining & and Safety approved a permit amendment nearly doubling the permit size. & Reclamation bonds remain current.&

& Limited core drilling to date has indicated recoverable reserves net to & Rock Energy, in excess of 200,000 ounces of gold in only one of four & known veins in the mine. Third party geologic assessments of the & potential of the known four veins in the Red Arrow mine indicate the & potential for between 3-5 million ounces of gold. The Red Arrow mine has & a historical yield of one ounce of gold per ton. Rock Energy anticipates & that they will begin a comprehensive core drilling effort in the first & half of 2012 to establish 43-101 reserves for the 18 patented mining & claims.&

& Rock Energy will issue 50 million restricted shares for the acquisition & of 100% of He-Man LLC's equity ownership.&

& The $25 million facility obtained by He-Man LLC is projected to provide & all of the required capital to install three mills on the mine property. & The first of these is scheduled to come on line in April 2012. Based on & its capital program, Rock Energy has issued the following estimates for & 2012-2014 (these estimates are for 100% of the mine's production):&

& & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & & &

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& 2012&

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& 2013&

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& 2014&

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& Expected Tons Milled&

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& 3,000&

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& 15,000&

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& 30,000&

& Gross Revenues($millions)&

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& &  & &

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& & $4.5& &

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& & $22.5& &

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& & $45.0& &

& Operating Profit ($millions)&

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& -$3.4&

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& & $12.8& &

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& & $28.7& &

& Commenting on the mine and the ramp-up in cash flows, Rocky Emery, & Chairman and CEO of Rock Energy stated, "Craig Liukko and his team very & astutely identified the mine as a singular project for revitalization, & and spent the better part of five years restoring the mine to fully & permitted operating status. The capital that He-Man LLC brought to the & table can now be deployed sequentially over the next several years and & generate substantial returns for our shareholders. Our projections & assume a gold price of $1500 per ounce, and our operating costs are & projected to be below $500 per ounce. We also believe that we will & encounter deposits of platinum and silver, which have not been included & in our projections. Finally we are investigating other potential & deposits connective to Red Arrow in the immediate area. This is a truly & exciting project for us and we have every confidence that Craig and his & team, with their depth of experience, will execute a professional and & efficient build-out of the Red Arrow mine."&

& Mr. Emery continued, "As we move to develop our fundamental financial & results, we are also tightly focused on brining our financial statements & fully up to date and have launched an aggressive effort to do so. We & hope to complete that task and be fully compliant for relisting on the & OTCBB within the next 90-120 days."&

& Certain statements contained in this press release, which are not & based on historical facts, are forward-looking statements as the term is & defined in the Private Securities Litigation Reform Act of 1995, and are & subject to substantial uncertainties and risks in part detailed in the & respective Company's Securities and Exchange Commission filings, that & may cause actual results to materially differ from projections. Although & the Company believes that its expectations are reasonable assumptions & within the bounds of its knowledge of its businesses, expectations, & representations and operations, there can be no assurance that actual & results will not differ materially from their expectations. Important & factors currently known to management that could cause actual results to & differ materially from those in forward-looking statements include the & Company's ability to execute properly its business model, to raise & additional capital to implement its continuing business model, the & ability to attract and retain personnel – including highly qualified & executives, management and operational personnel, ability to negotiate & favorable current debt and future capital raises, and the inherent risk & associated with a diversified business to achieve and maintain positive & cash flow and net profitability. In light of these risks and & uncertainties, there can be no assurance that the forward-looking & information contained in this press release will, in fact, occur.&