Red Rock Resources Plc

("Red Rock" or the "Company")

Notice of General Meeting

23 November 2022

Red Rock Resources Plc, the natural resource development company, with interests in gold, copper, cobalt and other minerals, announces that a Notice of General Meeting ("GM"), will be published and posted today to the Company's shareholders, except for those shareholders, who have elected to receive documents in electronic form and who will have received an e-mail notification.

Andrew Bell, Chairman of Red Rock, states:

"The Company is at an important juncture, as it awaits the signing of the arbitral award in the Democratic Republic of Congo, where it seeks from the buyer of certain assets partially owned by the Company, $7.5m of the consideration due to be paid. The Company separately seeks the enforcement of its existing judgment for $2.5m against its former partner in respect of that portion of consideration already paid.

We have reason for confidence in the arbitration, and believe that payment of the award will be duly made once the judgment is given. However, the delays in issuing the award, though in part unavoidable, mean that time has passed and we must now show our stakeholders how we would provide the working capital necessary to keep the forward momentum of the Company were there to be further delay or were these amounts not to be received.

Accordingly, Resolutions will be proposed at the forthcoming General Meeting to provide authorities to the Directors under Section 551 and 569 of the Companies Act 2006.  Passage of the resolutions is, in the view of the Board, necessary and desirable so that the Company  can demonstrate that its future cashflow needs will be met irrespective of the outcome in the Congo, given that payment of any award is not likely to be immediate". 

The GM is to be held at the Company's business address, We Work, 71-91 Aldwych House, London, WC2B 4HN on Thursday 8 December 2022, at 12:00 noon.

Shareholders are strongly encouraged to submit their proxy vote, appointing the Chairman of the meeting as their proxy in advance of the meeting to ensure that their votes are registered. 

A copy of the Notice of GM, Form of Proxy, and other materials is available on the Company's website at www.rrrplc.com

For further information, please contact:

Andrew Bell 0207 747 9990                                                     Chairman Red Rock Resources Plc

Roland Cornish/ Rosalind Hill Abrahams 0207 628 3396      NOMAD Beaumont Cornish Limited

Jason Robertson 0207 374 2212                                              Broker First Equity Limited

Thomas Smith 0207 392 1568                                                  Joint Broker OvalX