Statement re Jupiter Mines EG

RNS Number : 7910U

Red Rock Resources plc

19 May 2008

 



RED ROCK RESOURCES PLC

Cancellation of Extraordinary General Meeting of Jupiter Mines Limited

Dated: 19 May 2008

Red Rock Resources plc ('Red Rock' or the 'Company') the mineral exploration and development company focused on advancing iron ore, uranium and manganese projects in Australia and East Africa, announces that it has withdrawn its request for an Extraordinary General Meeting of Jupiter Mines Limited ('Jupiter'), a company listed on the Australian Stock Exchange (ASX: JMS).

Andrew Bell, the Chairman of the Company, has joined the board of Jupiter as a non-executive director with immediate effect, and the parties are in discussions on ways in which Red Rock can further assist Jupiter to develop its capabilities and exploit its opportunities in the iron ore sector in Western Australia.

Red Rock owns the 205 sq km Mt Alfred tenement in the region, and has a 1.5% royalty interest in Jupiter's Mt Ida and Mt Hope tenements. Red Rock is the largest shareholder of record in Jupiter, and has disclosed a shareholding of 11,347,178 shares in Jupiter amounting to 8.01% of the outstanding share capital, and holds 3,500,000 options exercisable into Jupiter shares at 20c per Jupiter share at any time up to 20th May 2008.

Enquiries:

Andrew Bell	0207 402 4580 07766 474849	Red Rock Resources plc	Chairman
Alan MacKenzie/John Simpson	020 7489 4500	Blomfield Corporate Finance Ltd	Nominated Adviser
Ron Marshman / John Greenhalgh	020 7628 5518	City of London PR Limited	Public Relations

Updates on the Company's activities are regularly posted on its website,www.rrrplc.com.

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