Issue of Equity

Red Rock Resources plc
28 June 2006

                              RED ROCK RESOURCES PLC

                                Issue of Equity

Dated: 28 June 2006

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, has raised £100,375 (gross) by the issue of 5,018,750
new ordinary shares of 0.1p each in the capital of the Company (the 'Shares') at
2p per Share, conditional on the Shares being admitted to trading on AIM. The
funds are to supplement the Company's working capital.

4,018,750 of the Shares were placed at 2p per Share under the terms of a
conditional agreement dated 1st June 2006 between the Company and Sunvest
Corporation Limited ('Sunvest'), a company incorporated in Australia and listed
on the Australian Stock Exchange.

Under further terms of the agreement, (a) following certain approvals by a
general meeting of Sunvest to be held on 11th July 2006, Sunvest will subscribe
for a further 4,018,750 ordinary shares of 0.1p in the Company at 2p per Share
(the 'Further Shares'), and the Company will subscribe for 200,000 shares in
Sunvest at A$1.00 per share, at an agreed exchange rate of A$2.48835 to £1, and
(b) Sunvest has stated that it intends to hold the Shares and the Further Shares
as a long-term investment, and has undertaken not to dispose of more than
220,000 ordinary shares in the Company per month, and (c) the Company has stated
that it intends to hold the Sunvest shares as a long-term investment, and has
undertaken not to dispose of more than 10,000 shares in Sunvest per month.

1,000,000 of the Shares were placed at 2p per Share pursuant to a subscription
by Regency Mines plc, which advanced £20,000 to the Company on 16th May 2006 on
account, for the subscription of the Shares. Following the subscription, Regency
Mines plc will hold 102,250,000 shares in the Company, which is approximately
61.5% of the issued share capital.

Following the issue of the Shares the Company's total issued share capital will
be 166,178,750 ordinary shares. Application has been made to the London Stock
Exchange for the Shares to be admitted to trading on AIM. Dealings are expected
to commence at 8.00 a.m. on 4 June 2006.

A further announcement will be made in the event that the Further Shares are
issued.



Enquiries:

 Andrew Bell           07766 474849    Red Rock Resources plc   Chairman

 John Simpson          020 7512 0191   ARM Corporate Finance    Nominated 
                                       Ltd                      Adviser

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




                      This information is provided by RNS
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