Rock Energy Resources, Inc. (fka RCKE)

[bama52]

Plan of Operations



In furtherance of our strategy to focus on mining operations, and the development of the Red Arrow mine and related claims in particular, on February 2, 2012 we entered into a Letter of Intent (“LOI”) to acquire the remaining 51% interest in the assets of RAGC. Under the terms of the LOI, a closing was anticipated to occur prior to the end of May, 2012. The existing LOI has expired. A new proposal is under active discussion with the Board of RAGC. All parties remain committed to consummating a merger of the two companies within the next ninety days. Cash consideration to be paid within one year of closing of such a transaction would approximate $5.0 million.