Update

Red Rock Resources plc
21 January 2008

                             RED ROCK RESOURCES PLC

         Update - investment in Mindax Limited and iron ore exploration


Dated: 18 January 2008

Highlights

•         Holding in Mindax Ltd rises to 6.28%
•         Sampling results at Mt Alfred up to 70.72% Fe
•         Further exploration results at Jupiter Mines Ltd's Mt Ida tenement
                                                                                          

Red Rock Resources plc (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 increased its investment in
Mindax Limited ('Mindax'), a mineral exploration company listed on the
Australian Stock Exchange ('ASX') under the trading symbol MDX. An announcement
of this holding was made on the ASX on 16 January 2008.



The Company has acquired a further 916,399 shares in Mindax at a cost of AUD
82,030, bringing its total holding to 5,291,399 shares as at 16th January 2008.
This holding represents 6.28% of Mindax's issued ordinary share capital. The
purchase has been made for investment purposes, and in the interest of enhancing
co-operation with a company whose license areas neighbour on the Company's
tenement at Mt Alfred, Western Australia. Exploration in the north of the Mt
Alfred tenement and the south of Mindax's adjoining tenement at Mt Forrest
indicates the presence of potentially significant iron ore mineralization
crossing the boundary between the tenements in Banded Iron Formations (BIFs).



An additional series of BIFs lie along a similar northerly trend and extend
through the Mt Alfred tenement along its eastern edge, adjoining the tenements
of Iron Mountain Ltd. During October/November 2007 a field reconnaissance and
rock chip sampling programme was undertaken by the Company to investigate the
potential of these trends within the Mt Alfred tenement. 21 sample results from
five areas have been received.



In the Mt Alfred West area, five samples showed grades of 65.09% to 70.72% iron
over 200m of strike tested. In the Mt Forrest area in the north of the Mt Alfred
license, nine samples showed grades of 34.36% iron to 62.23% iron, with an
apparent increase in iron grades and reduction in silicon towards the south of
the tested area. At Mt Alfred East, two samples showed grades of 37.55% and
43.88% iron and at Brooking in the south of the license, one sample was taken
and graded 67.19% iron.



South of Mt Alfred East, two samples at Mt Alfred South showed elevated chromium
and nickel values, these are highlighted in red in Table 1 below. Values above
55% Fe are in blue.



TABLE 1


Sample No.  GPS (WGS84)                   Name                       Fe %       P %          SiO2             LOI

MA100        28o51.14S    119o59.31E   Mt Alfred West               65.09      0.147         1.08            4.75
MA101        28o51.20S    119o59.30E   Mt Alfred West               65.71      0.128         1.15            4.83
MA102        28o51.21S    119o59.30E   Mt Alfred West               66.30      0.044         1.23             2.8
MA104        28o51.25S    119o59.29E   Mt Alfred West               67.73      0.072         0.43            3.07
MA-N         28o51.54S    119o59.73E   Mt Alfred West               70.72        X            0.6            1.39
MA401        28o45.02S    119o59.77E   Mt Forrest                   34.36      0.074         48.53           1.36
MA402        28o45.12S    119o59.80E   Mt Forrest                   44.19      0.045         34.97           1.39
MA403        28o45.12S    119o59.80E   Mt Forrest                   35.11      0.012         47.47           1.94
MA404        28o45.13S    119o59.76E   Mt Forrest                   38.25      0.007         43.37           1.45
MA405        28o45.21S    119o59.78E   Mt Forrest                   42.33      0.047         20.31           11.22
MA406        28o45.29S    119o59.81E   Mt Forrest                   39.45      0.024         40.62           2.26
MA406a       28o45.29S    119o59.81E   Mt Forrest                   62.23      0.031         3.22            5.37
MA407        28o45.34S    119o59.82E   Mt Forrest                   56.29      0.115         5.33            9.67
MA408        28o45.42S    119o59.81E   Mt Forrest                   59.35      0.032         6.91            6.28
BH-1         28o55.78S    119o59.80E   Brooking Hills               67.19        X            2.1            3.14
MA301        28o51.22S    119o59.71E   Mt Alfred East               43.88      0.044         35.88           0.64
MA400        28o51.20S    119o59.71E   Mt Alfred East               37.55      0.061         43.78           1.32
MA-NE        28o51.23S    119o59.72E   Mt Alfred East               39.22        X           21.7            0.34
MA200        28o51.78S    119o59.48E   Mt Alfred South              40.07      0.058         40.12           1.64
MA300        28o51.77S    119o59.79E   Mt Alfred South              8.42       0.015         49.46           6.76
MA300a       28o51.77S    119o59.79E   Mt Alfred South              6.09       0.011         62.26           4.77





(LINK TO MAP)

http://www.rns-pdf.londonstockexchange.com/rns/1166m_-2008-1-18.pdf



The Company awaits further results and will now conduct further systematic
mapping and sampling in the five areas identified, and along strike from them in
order to identify drill targets.



As announced on 29 May 2007, the Company sold its other iron ore-prospective
tenements at Mt Ida and Mt Hope in Western Australia, which lie some 42 miles to
the south-east of Mt Alfred, to Jupiter Mines Ltd (ASX: JMS), in exchange for a
cash consideration, 4,617,178 Jupiter Mines Ltd shares, and a 1.5% production
royalty. Jupiter Mines Ltd announced on 8 January 2008 that it had identified
four new conceptual targets at Mt Ida over 6.2 km of combined strike for further
exploration. These were identified by a combination of systematic rock chip
sampling, surface mapping and reconnaissance exploration. Assays from the first
two of these targets are reported to have returned grades of over 60% haematite
Fe including a peak grade of 67.3% which is stated to be a high priority
exploration target. Magnetite mineralization grading up to 39.9% and 37.1% was
also reported from these areas. Further exploration including drilling over the
four targets is planned by Jupiter Mines Ltd for early March.



The information in this report that relates to exploration results, mineral
resources or ore reserves is based on information compiled by Helen Salmon, BSc
Hons, MPhil, GradIMMM, FGS, MMS. Helen Salmon is a principal geologist under
contract to Regency Mines plc, and has sufficient experience which is relevant
to the style of mineralisation and type of deposit under consideration and to
the activity which she is undertaking to qualify as a Qualified Person.  Helen
Salmon consents to the inclusion in the report of the matters based on her
information in the form and context in which it appears.



Enquiries:


Andrew Bell      0207 402 4580   Red Rock Resources plc            Chairman
                 or
                 07766 474849

John Simpson     020 7512 0191   Blomfield Corporate Finance Ltd   Nominated Adviser

Ron Marshman /   020 7628 5518   City of London PR Limited         Public Relations
John Greenhalgh



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




                      This information is provided by RNS
            The company news service from the London Stock Exchange