Sep. 29, 2010 (Filing Services Canada) -- Rocky Mountain Resources Corp. (RKY - TSX Venture), is pleased to announce the acquisition of the Del Rio Property, a new vanadium project located approximately eight miles south of the Gibellini Project, in northern Nye County, Nevada. The Company discovered the extensive, vanadium-bearing shale exposure and now holds 100% ownership in the property with no royalty burden by staking 120 unpatented lode claims (2,400 acres) on BLM administered lands.
"The Del Rio discovery is very exciting for the Company as it represents an entirely new vanadium target with the potential to be as large, and possibly even larger, than the Gibellini Hill resource," stated Bill Radvak, President & CEO of Rocky Mountain. "Overall, the channel sampling results on the Del Rio Property were similar to, and in some cases better than, the channel sampling results from the oxidized zone on our Gibellini Hill resource which is enriched at depth," added Bill Radvak. "With the Gibellini Project moving toward delivery of a feasibility study in the second quarter of 2011, the addition n of the Del Rio Property presents Rocky Mountain with the opportunity to become a world class vanadium producer."
The work program to the end of 2010 at the Del Rio Property is to complete geologic mapping and conduct geologic sampling on the four square mile claim block to delineate all surface exposures of vanadium and geologic controls in preparation for trenching and drilling for enriched zones at depth.
The vanadium bearing shale exposed at surface on the Del Rio Property is mineralized over 1800 feet (550m) of strike and 1200 feet (360 m) of width. Five trenches were sampled in this target area. All zones were oxidized suggesting this target has potential for an enriched transition zone at depth. Results of channel samples with greater than 0.1% V2O5 are averaged in Table 1 below. Zones with the "open" comment are still open for expansion beyond the trenches.
Table 1 - Del Rio Project: Trench channel sampling results
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Trench V<2>O<5> % Interval (ft) (m) Comments
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DRTr-2 0.223 70 21.3 Open
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DRTr-2 0.118 120 36.6 Open
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DRTr-5 0.211 210 64.0 Open
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Samples were collected by an independent contractor, along trench walls at 10 foot (3.1 m) continuous rock chip channel samples. Assays were conducted by ALS Chemex of Sparks, Nevada. This release has been reviewed and approved by Alan Branham, (M.Sc. and CPG), a "qualified person" as that term is defined in National Instrument 43-101.
About Rocky Mountain Resources Corp.
Rocky Mountain Resources Corp. is a tier-one metals exploration and development company focused on developing environmentally favorable projects within politically stable regions with the potential to host large deposits of industrial metals or minerals. Rocky Mountain is currently developing a world-class vanadium resource in the State of Nevada, U.S.A., and evaluating other opportunities. The Company strives to be a premier mineral resource development and production company. Information on Rocky Mountain and its projects is found at www.rkyresources.com
Vanadium is growing in importance as an alloying metal used to strengthen steel as well as the emerging uses with storage cells and lithium vanadium batteries for renewable energy. With virtually all world production of vanadium coming from China, South Africa and Russia, the Gibellini project, being located in Nevada, gives the Company the opportunity to become North America's first and only primary producer of Vanadium. Gibellini's favorable geologic setting and amenability to low cost heap leach recoveries offer unique low cost production capabilities. A Scoping Study has been completed by AMEC E&C Services and is available at www.sedar.com or the Company's website www.rkyresources.com.
ON BEHALF OF THE BOARD
"Bill Radvak"
_________________
Bill Radvak, President & CEO
For further information, please contact: Bill Radvak
604 488 5417
bradvak@rkyresources.com
NEITHER TSX VENTURE EXCHANGE NOR THE INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA ACCEPTS RESPONSIBILITY FOR THE ACCURACY OF THIS RELEASE.
Forward-Looking Statements
This press release contains "forward-looking information" within the meaning of applicable Canadian securities laws, including statements regarding the expected timeline for completion of the Feasibility Study, the design of the Gibellini Mine and the production of vanadium electrolyte. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Rocky Mountain to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Factors that may cause actual results to vary include, but are not limited to, actual results of current exploration activities; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of vanadium; possible variations in reserves, grade or recovery rates; delays in obtaining governmental approvals or financing or in the completion of development or construction activities. Although Rocky Mountain has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Rocky Mountain does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.
Source: Rocky Mountain Resources Corp. (TSXV RKY) www.rkyresources.com
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