Rockridge Announces Strategic Appointment of Dr. Andrew J. Ramcharan as Senior Vice President of Corporate Development

Rhea-AI Summary

Rockridge Resources Ltd. has appointed Dr. Andrew J. Ramcharan as Senior Vice President of Corporate Development. Dr. Ramcharan brings over 20 years of experience in mining, corporate development, and investment banking, having previously raised over $600 million in equity financings for IAMGOLD. His expertise is expected to be pivotal for Rockridge as the company aims to transform in 2022. The company focuses on mineral resource properties in Canada, specifically copper and gold, with notable assets including the Knife Lake Project and Raney Gold Project.

Positive

• Dr. Ramcharan's extensive experience in mining and corporate development.
• Potential for growing shareholder value through new mineral discoveries.
• Significant past success in raising capital and project evaluations.

Negative

• Concerns regarding the impact of leadership transition on company continuity.

Vancouver, BC, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Rockridge Resources Ltd. (TSX-V: ROCK) (OTCQB: RRRLF) (Frankfurt: RR0) (“Rockridge” or the “Company”) is pleased to announce the appointment of Dr. Andrew J. Ramcharan (Ph.d., P.Eng, FAusIMM), a well known and respected global Mining Executive, as Senior Vice President of Corporate Development.

Jonathan Wiesblatt, CEO of Rockridge stated: “We are very pleased that Dr. Ramcharan has joined Rockridge Resources. Andrew brings a wealth of experience to Rockridge in both the technical and corporate side of the business and we look forward to his contribution to the success of the Company. His connections in the mining industry will prove vital as we plan to make 2022 a transformational year for the Company.”

About Dr. Andrew J. Ramcharan:

Dr. Ramcharan has an extensive background in corporate development, mining and exploration, project evaluation, and investment banking spanning over twenty years. Previously, as Manager of Corporate Development for IAMGOLD, Dr. Ramcharan was involved in raising over $600 million in equity financings and worked on project acquisitions totalling over $800 million. He has held senior investment banking and corporate finance roles, including with Sprott and Resource Capital Funds, where he performed over 300 project evaluations and helped complete numerous debt and equity financings.

Dr. Ramcharan more recently was the Executive Vice President, Corporate Development and Investor Relations for Roscan Gold where he has been instrumental in raising over $40 million and a significant increase in the share price in fourteen months. Dr. Ramcharan was also directly involved in the discovery of over one million ounces of gold that is now NI 43-101 complaint in Panama in 2013.

Dr. Ramcharan holds a Ph.D. and M.Sc. in Mining Engineering and Mineral Economics, and attended the Colorado School of Mines, University of Leoben, and Harvard Business School Continuing Education Program. Dr. Ramcharan is a P.Eng. in Ontario, a Registered Member of The Society for Mining, Metallurgy and Exploration (SME) in USA, a Fellow of both The Australasian Institute of Mining and Metallurgy (AusIMM) and The South African Institute of Mining and Metallurgy (SAIMM).

About Rockridge Resources Ltd.

Rockridge Resources (TSX.V: ROCK) is a public mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada, specifically copper and gold. The Company’s core copper project is the Knife Lake Project located in Saskatchewan which is ranked as a top mining jurisdiction in the world by the Fraser Institute. The project hosts the Knife Lake Deposit, which is a VMS, near-surface Cu-Co-Au-Ag-Zn deposit open along strike and at depth. There is strong discovery potential in and around the deposit area as well as at regional targets on the large property package. The Company's secondary asset is the Raney Gold Project, which is a high-grade gold exploration project located in the same greenstone belt that hosts the world class Timmins and Kirkland Lake lode gold mining camps. Recently reported drill hole RN 20-06 intersected 28.0 g/t gold over 6.0 metres at a shallow vertical level of 95 metres, which is the best result from the project thus far. Rockridge’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in geopolitically favourable jurisdictions.

Additional information about Rockridge Resources and its project portfolio can be found on the Company’s website at www.rockridgeresourcesltd.com.

Rockridge Resources Ltd.

“Jonathan Wiesblatt”
                                        
Jonathan Wiesblatt
CEO

For further information contact myself or:

Jordan Trimble, President or
Riley Trimble, Corporate Communications

Rockridge Resources Ltd.
Telephone: 604-687-3376
Toll Free: 800-567-8181
Facsimile: 604-687-3119
Email: info@rockridgeresourcesltd.com

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS RELEASE.

Forward Looking Information

This release includes certain statements that may be deemed to be "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that management of the Company expects, are forward-looking statements. Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. The Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause actual results to differ materially from those in forward-looking statements, include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see the public filings of the Company at www.sedar.com for further information.

FAQ

What is the significance of Dr. Andrew Ramcharan's appointment to Rockridge Resources (RRRLF)?

Dr. Ramcharan's appointment is significant as he brings over 20 years of industry experience and a strong track record in capital raising and project evaluations, which may enhance Rockridge's strategic initiatives.

How could the appointment of Dr. Ramcharan impact Rockridge Resources (RRRLF) in 2022?

The appointment could foster growth and transformation for Rockridge in 2022, leveraging Dr. Ramcharan's connections and expertise in the mining sector.

What are Rockridge Resources' main projects after Dr. Ramcharan's appointment?

Rockridge Resources focuses on the Knife Lake Project, a copper deposit, and the Raney Gold Project, a high-grade gold exploration project, both located in Canada.