|July 20, 2012|
Rokmaster Reduces Finder's Fee Payable in Connection with Pinaya Property Option
(Vancouver, July 20, 2012) -- In accordance with the policies of the TSX Venture Exchange (the "Exchange"), Rokmaster Resources Corp. ("Rokmaster" or the "Company") has reduced the size of the finder's fee (the "Finder's Fee") payable to Sierra Geological Corp. in connection with the entering into of the Option and Joint Venture Agreement ("Agreement") dated July 16, 2012 among Rokmaster, AM Gold Inc. ("AM Gold") and AM Gold's Peruvian subsidiary, Canper Exploraciones S.A.C. pursuant to which Rokmaster may earn up to a 75% interest in the Pinaya Gold-Copper Project ("Property") located in Caylloma and Lampa Provinces, Peru.
The Finder's Fee has been reduced from 3,000,000 common shares to 1,710,000 common shares and will be payable in pro rata tranches tied to (a) the completion of the first $1,000,000 in exploration work on the Property that is to be incurred by the Company under the terms of the Agreement within one year of the date of receipt of approval by both Rokmaster and AM Gold from the Exchange of the Agreement (the "Effective Date") and (b) the making of the cash installment payments totaling $4,200,000 in aggregate that the Company is to pay to AM Gold under the terms of the Agreement within five years of the Effective Date as part of its earn-in requirements.
For more details refer to the Company's press release dated July 17, 2012 and the Agreement, a copy of which is available under the Company's profile on SEDAR at www.sedar.com.
On behalf of the Board of Directors of
ROKMASTER RESOURCES CORP.
Chief Financial Officer
For further information, contact: John Mirko, President and Chief Executive Officer
Rokmaster Resources Corp.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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