Update

RNS Number : 5184X

Red Rock Resources plc

25 June 2008

RED ROCK RESOURCES PLC

Update

Dated: 25 June 2008

Red Rock Resources plc ('Red Rock' or the 'Company') the mineral exploration and development company focused on advancing iron ore, manganese and uranium projects in Australia and East Africa,

Corporate

Pallinghurst Resources Australia Ltd, a private investment company with which Red Rock is deemed to be acting in concert for the purposes of section 15(1) of the Corporations Act 2001 (Australia), has announced an increased holding in Jupiter Mines Limited ('Jupiter') of 15,670,591 Ordinary Shares. With the 14,904,403 Ordinary Shares held by the Company, this equates to a combined holding of 30,511,994 Ordinary Shares or 18.07% of the issued ordinary share capital of Jupiter.

Jupiter has also announced that Mr. Priyank Thapliyal, a founding partner of Pallinghurst Resources LLP, has joined the Jupiter board. Mr. Thapliyal joined Sterlite Industries in 2000, serving as deputy to the owner Mr. Anil Agarwal. Mr. Priyank Thaliyal implemented the strategies that led to Sterlite becoming Vedanta Resources plc and listing on the London Stock Exchange.

Red Rock also announces that its 24.2% owned associated company Retail Star Limited ('RSL'), a company listed on the Australian Stock Exchange (ASX: RSL), will hold an Extraordinary General Meeting to change its name to Resource Star Limited, effect a capital consolidation, and relist as a resource sector company focused on uranium exploration and mining on 14 July 2008. If shareholders approve the resolutions the stock will be suspended until the requirements for compliance with the listing rules of the Australian Stock Exchange are met, which is expected to be by 21 August 2008. RSL will be seeking to raise between AUD1,500,000 and AUD 2,500,000 additional working capital by a partly underwritten entitlement issue and a general issue of new ordinary shares and options. Red Rock intends to maintain its percentage holding in RSL.

Exploration

In March 2008, consultant geologist Marian Skwarnecki of Coffey Mining Pty Ltd and Red Rock geologist Helen Salmon undertook a field trip to the Mt Alfred tenement in the Central Yilgarn, WA to continue the iron ore exploration programme. Objectives were to carry out traverse sampling across strike in the Mt Forrest and Mt Alfred West areas to determine the width of iron ore mineralisation indicated from the previous season's rock chip sampling programme. Also for consideration was the extent to which mineralised BIF horizons recently drilled by neighbouring tenement holders extended into the Mt Alfred tenement.

At both the Mt Forrest and Mt Alfred West locations some of the BIF units display complex folded textures suggesting the BIF has been structurally thickened. The ridges at Mt Forrest can be up to 175m in height and up to 100m at Mt Alfred West. Commonly dipping 70° E to near vertical they are fringed by colluvium with slopes dominated by lag derived from local outcrops. Ferruginous lag is also abundant on surrounding colluvial plains.

Sampling was conducted by collecting composite samples ~2 kg in weight at intervals of 20-40m (dependent on terrain) across the BIF ridges. A total of sixty seven samples were collected with thirty six being obtained from an old drillhole collared on the lower ground, approximately 100m in from the northern boundary of the tenement. All samples were sent for assay to Genalysis in Kalgoorlie. Results returned from Mt Forrest showed four samples out of nine ranging between 56%-64% Fe, across a width of approximately 50m. At Mt Alfred West three out of the eight samples showed values ranging between 60% and 67% Fe across a width of approximately 100m. By integrating previous individual sample results taken along strike it is inferred that mineralised BIF horizons at Mt Forrest could extend from the adjoining ground held by Mindax Ltd to a distance of 1.5 km. At Mt Alfred West, mineralization appears to continue along strike from Iron Mountain Mining Ltd's ground for 1 km. Additionally, both ridges disappear under cover and only further work will reveal if mineralization continues beneath the colluvium. Drilling is therefore warranted to delineate the vertical extent of the haematite mineralization.

Table 1.

Sample No.	Easting	Northing	Name	Fe %	P%	SiO2%	LOI
SW001	789939	6803078	Mt Alfred West	29.49	0.027	53.74	1.44
SW002	791619	6804313	Mt Alfred West	0.64	0.007	99.6	0.03

SW003	786244	6810802	Mt Forrest South	30.4	0.053	49.4	0.7
SW004	786260	6810799	Mt Forrest South	32.35	0.051	50.13	0.41
SW005	786252	6810807	Mt Forrest South	32.44	0.044	48.36	1.42
SW006	786280	6810801	Mt Forrest South	30.14	0.031	52.26	1.9

SW007	786853	6815360	Mt Forrest	15.34	0.017	52.74	7.97
SW008-44	787332	6816072	Mt Forrest
SW045	787878	6815920	Mt Forrest	56.43	0.025	7.25	5.38
SW046	787758	6815962	Mt Forrest	35.98	0.016	46.22	1.59
SW047	787615	6815913	Mt Forrest	36.3	0.099	44.45	2.2
SW048	787434	6816015	Mt Forrest	59.2	0.27	5.54	8.5
SW049	787921	6815220	Mt Forrest	57.48	0.029	11	4.16
SW050	787881	6815194	Mt Forrest	63.88	0.032	2.79	5.6
SW051	787881	6815194	Mt Forrest	35.67	0.021	25.66	8.25
SW052	787878	6815155	Mt Forrest	45.87	0.04	31.74	1.65

SW053	791580	6804823	Mt Alfred West	67.5	0.045	0.82	1.8
SW054	791580	6804823	Mt Alfred West	13.74	0.07	54.04	5.93
SW055	791636	6804778	Mt Alfred West	59.99	0.091	5.61	7.5
SW056	791621	6804697	Mt Alfred West	61.56	0.076	4.53	6.86
SW057	791571	6804468	Mt Alfred West	25.33	0.061	37.01	11.58
SW058	791534	6804333	Mt Alfred West	30.51	0.054	52.64	3.06
SW059	791534	6804333	Mt Alfred West	21.41	0.13	54.88	6.32
SW060	791813	6804371	Mt Alfred West	21.8	0.121	45.13	8.6

SW061	792183	6804225	Mt Alfred East	39.7	0.044	41.14	1.8
SW062	792183	6804225	Mt Alfred East	46.8	0.122	16.61	7.9
SW063	792171	6804234	Mt Alfred East	18.87	0.073	50.5	8.35
SW064	792150	6804241	Mt Alfred East	47.64	0.11	15.2	9.87
SW067	791970	6804311	Mt Alfred East	8.47	0.055	50.89	2.65
SW068	791953	6804304	Mt Alfred East	18.84	0.054	69.8	2.19
SW069	7918.5	6804369	Mt Alfred East	17.3	0.024	67.23	2.09

Samples in bold are results over 55% Fe.

Samples SW008-SW044 were obtained from a previously drilled hole in the Mt Alfred tenement and close to the Mt Forrest boundary. Some anomalous gold and arsenic (possibly from an alteration zone) were recorded at ~77m and the sampling terminated in an anomalous lead occurrence. Results are presented below.

Table 2.

Selected results from a previously collared hole

Sample No.	Easting	Northing	Name	Au ppb	As ppm	Pb ppm	LOI
SW034	787332	6816072	Mt Forrest	545	303	X	4.29
SW035	787332	6816072	Mt Forrest	185	384	X	3.52
SW036	787332	6816072	Mt Forrest	260	322	X	3.79
SW037	787332	6816072	Mt Forrest	431	334	X	10.44
SW042	787332	6816072	Mt Forrest	14	60	134	2.17
SW043	787332	6816072	Mt Forrest	37	121	8817	5.27
SW044	787332	6816072	Mt Forrest	44	237	1635	4.28

http://www.rns-pdf.londonstockexchange.com/rns/5184X_-2008-6-25.pdf

http://www.rns-pdf.londonstockexchange.com/rns/5184X_1-2008-6-25.pdf

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 the Company and its affiliates, 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 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