| April 26, 2016 Rockex Mining Announces Update on Letter of Intent with Diversified Innovative Marketing Enterprises Ltd. | |
NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S NEWSWIRE SERVICES April 26, 2016 - Thunder Bay, Ontario - Rockex Mining Corporation ("Rockex" or the "Corporation") (CSE: RXM) reports that it continues to negotiate a Definitive Agreement with Diversified Innovative Marketing Enterprises Ltd. ("DIME") to fund the completion of a Feasibility Study and Environmental Assessment and subsequent development and production at its Lake St. Joseph Project, located 100 kilometres northeast of Sioux Lookout, Ontario. Efforts to settle the terms of the definitive documentation for the transaction are ongoing and the Corporation anticipates that the documentation will be settled in the near future. In the interim, the parties have agreed to extend the termination date set out in the letter of intent to May 2, 2016. For further information, please refer to the Corporations profile on SEDAR which may be accessed at www.sedar.com, and visit our website at www.rockexmining.com. Contacts: Armando Plastino, Chief Executive Officer of Rockex Phone: (807) 623-2626 Email address: armando.plastino@rockexmining.com Tammy Lehtinen, Vice President, Corporate Affairs of Rockex Phone: (807) 632-2878 Email address: tammy.lehtinen@rockexmining.com Cautionary Statements This news release contains forward-looking information. All information, other than statements of historical fact, that address activities, events or developments that Rockex believes, expects or anticipates will or may occur in the future are forward-looking statements, including statements regarding the signing of an extension for the termination date of the letter of intent, the signing of a definitive agreement relating to the financings, feasibility study, environmental assessment and other events contemplated by the letter of intent with DIME. This forward-looking information is subject to a variety of risks and uncertainties beyond Rockex's ability to control or predict that may cause actual events or results to differ materially from those described in such forward-looking information. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Rockex disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. Although Rockex believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and, accordingly, undue reliance should not be placed on this forward-looking information due to the inherent uncertainty thereof. Neither IIROC nor any stock exchange or other securities regulatory authority accepts responsibility for the adequacy or accuracy of this release. | |
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