ROK Resources Announces Termination of Arrangement Agreement

About this update from Rok Resources, Inc. Class B

NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / March 4, 2026 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK)(OTCQB:ROKRF) announces that the previously announced plan of arrangement (the "Arrangement") and the go-private transaction (the "Transaction") between ROK, 17312539 Canada Inc. ( "539 Canada"), a wholly-owned subsidiary of Blue Alaska Oil Trading LLC ("Blue Alaska"), and 102220885 Saskatchewan Ltd. ("SpinCo"), wherein 539 Canada was to acquire all of the issued and outstanding shares of ROK, and SpinCo was to acquire all of the shares of EMP Metals Corp. that are currently owned by ROK has been terminated effective immediately. On March 2, 2026, Blue Alaska and 539 Canada served ROK with a notice (the "Notice") to immediately terminate the Arrangement Agreement governing the implementation of the Transaction. In the Notice, Blue Alaska and 539 Canada assert a unilateral ability to terminate the Arrangement Agreement. The Notice provided by Blue Alaska and 539 Canada and the unilateral termination of the Arrangement Agreement amount to a repudiation of the Arrangement Agreement. ROK, as a result of such repudiation by Blue Alaska and 539 Canada, has provided Blue Alaska and 539 Canada with notice of termination of the Arrangement Agreement. As a result of the termination of the Transaction, ROK will resume its regular operations focusing on delivering value to shareholders. In the Notice, Blue Alaska and 539 Canada also assert an entitlement to the $3.0 million deposit being held in escrow despite its agreement to the contrary in the amending agreement signed on December 31, 2025 (the "Amending Agreement"). Based on the terms of the Amending Agreement that state that ROK has earned the right to receive the deposit (plus interest), ROK categorically disagrees with the position being taken by Blue Alaska and 539 Canada in this regard. ROK will be pursuing any and all legal remedies in order to recover the deposit as well as its costs, on a solicitor and own client basis, in the event that the deposit is not released in accordance with the terms of the Amending Agreement. As of the date of this news release, the Company has no existing debt and an estimated cash and working capital of ap...

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