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Razore Rock Signs Agreement with True North Gems to Option Rare Earth Elements Property in the Yukon

Property Options & Staking Partnerships & JV

NEWS RELEASE FOR IMMEDIATE RELEASE CSE: RZR

October 9, 2019

RAZORE ROCK SIGNS AGREEMENT WITH TRUE NORTH GEMS TO OPTION RARE EARTH ELEMENTS PROPERTY IN THE YUKON

TORONTO, Ontario. October 9, 2019 – Razore Rock Resources Inc. (“Razore Rock” or the “Company”) (CSE:RZR) wishes to announce that it has signed an Option Agreement with True North Gems Inc. (“True North”) to earn up to a 70% working interest in the True Blue Property in the Yukon Territory.

The True Blue Property consists of 68 mining claims in the Ketza-Seagull district of the Southern Yukon in the Watson Lake Mining District comprising 13.3 square kilomtres. The property is located approximately 166 km northeast of Whitehorse.

The occurrence of rare earth element (“REE”) mineralization in the region of the True Blue Property was first discovered in 1956 when regional uranium exploration identified the presence of radioactive fluorite and barite in a syenite stock. This discovery was further confimed when additional REE showings were described from the results of exploration programs conducted in 1976.

Exploration work conducted at True Blue Property in 2010 defined a coherent REE anomaly collected from soil sampling traverses across the airborne radiometric anomaly coincident with a mineralized dyke. From the 147 soil samples retrieved from the True Blue Property in 2010, twelve (12) sample analyses were in the top 5% (>95th Percentile) of the population of sample results collected as part of the regional exploration program.

These anomalous results range in value from 850 to 1862 ppm, some of which contribute to what is described as a coherent Total Rare Earth Element plus Yttrium (TREE+Y) anomaly on the True Blue Property (Fumerton, S., and Halpin, K. (2010). Geological report on the True Blue Project describing the geology, geochemistry and REE mineralization of the Shark Property).

See table below for detailed results of the REE soil analyses.

A field program of prospecting and remote sensing is currently underway at the True Blue property. Razore Rock can earn a 70% interest in the Property by incurring expenditures in the aggregate amount of $300,000 over three years and issuing an aggregate of 600,000 common shares with 200,000 shares to be issued on closing; a further 200,000 shares to be issued on or before November 30, 2020; and a further 200,000 shares to be issued on or before November 30, 2021. True North is undertaking an exploration program on a group of claims that includes the True Blue Property. Razore Rock has agreed to reimburse True North for its pro-rata share of the costs of the exploration program in the amount of approximately $50,000 based upon assessment work to be filed by True North on the Property in the amount of approximately $50,000. Once the Company earns its 70% interest, the parties will form a joint venture and contribute pro-rata (Razore Rock 70%, True North 30%) to the further exploration and development of the Property. If a party is reduced to a 10% or less interest in the Property, that party’s interest will be reduced to a 2% net smelter returns royalty with the right of the remaining party to acquire a 1% net smelter returns royalty at any time for the payment of $1,000,000.

The transaction is subject to regulatory approval.

Table of Analytical Results: True Blue Soil Samples (2010)

Sample #Y PPMLa PPMCe PPMPr PPMNd PPMSm PPMEu PPMGd PPMTb PPMDy PPMHo PPMEr PPMTm PPMYb PPMLu PPM
26596 26597 26598 26599 26600 26601 26602 26603 26604 26605 26606 26607 26608 26609 26610 26611 26612 26613 26614 26615 26616 26617 26618 26619 26620 26621 26622 26623 26624 26625 26626 26627 26628 26629 26630 26651 26652 26653 26654 26655 26656 26657 2665810.7 25.2 23.8 30.5 16 9.9 10.8 44.5 34.9 31.2 13 11.2 11.1 9.7 13 8.4 9.7 7.3 6.2 9 13.4 10 6 9.4 10.4 6 7.8 12.9 6.2 9.1 10.6 9.8 6.3 5.5 5.5 13.7 7.8 6.2 11.5 12.2 11.5 9.2 8.734.7 205.5 180.6 274.6 107.6 34.6 26.4 1748 363.4 523.7 44.1 50.3 36.9 53.5 61.6 31.2 37.6 47.3 13 33.8 47 59.6 12.5 39.9 70.8 12.7 65.9 37.5 13.1 26.7 28.4 33.7 11.2 11.3 12.3 50.4 28.7 16.3 25.4 34 33.9 21.6 24.378.18 421.9 332.1 440 204.2 68.17 54.02 2000 678.6 926.3 86.4 94.7 74.06 104.1 120.5 61.45 72.32 87.69 26.8 65.37 96.53 116.4 25.87 74.05 132.8 25.84 111.9 54.58 25.51 49.8 57.06 63.63 22.75 23.28 25.27 89.4 51.86 30.94 63.5 71.08 65.64 45.75 53.19.3 37.9 32.1 44.8 21.1 8.5 6.7 192.6 61 74.1 10.8 12.1 8.7 12.9 14.8 7.7 9.1 11.1 3.1 7.9 10.8 11.6 2.9 9.2 13.8 3 10.7 6.7 3 6.2 7.4 8.5 2.7 2.7 2.9 10.7 6 3.3 9 8.1 8.3 5.9 7.236.9 129.1 102.5 151.9 75.6 33.1 27.9 561.9 202 231.6 43.7 47.1 35.5 49.9 58.1 30.5 35.7 41 12.4 30.6 41.3 39.5 11.3 34.7 48.4 11 35.6 29.2 13.9 29.2 35.1 38.6 12.6 12.5 12.9 42.3 23.9 12.5 41.4 30.9 37.8 30.1 35.55.8 13.4 10.8 15.4 8.5 5.3 4.5 46.3 21.8 23.2 6.9 7.1 5.5 7.5 9.1 4.7 5 6.1 2.2 4.6 6.4 5.1 2 5.4 5.8 1.9 4.1 3.8 2.1 4.2 5.5 5.2 2 1.8 1.7 6.2 3.6 1.9 7.2 4.8 5.8 4.8 5.50.6 2.5 2.6 3 1.3 0.7 0.7 7.7 2.5 3.1 1 0.9 0.8 0.7 1.5 0.4 0.6 0.7 0.5 0.8 0.9 0.7 0.5 0.7 0.8 0.4 0.7 0.9 0.4 0.4 0.3 0.6 0.4 0.3 0.3 1 0.5 0.3 0.6 0.7 0.7 0.4 0.54 6.8 6.9 9.1 4.8 3.7 3.3 18.9 11.7 10.6 4.7 4.6 3.5 4.6 6.1 3.1 3.1 3.3 1.6 3.4 4.4 2.8 1.3 3.9 3.6 1.6 2.7 2.7 1.6 2.8 3.8 3.5 1.5 1.4 1.2 4 2.2 1.6 4.1 3.9 3.6 3.2 3.50.5 1 0.9 1.2 0.6 0.4 0.4 2.6 1.7 1.4 0.6 0.6 0.5 0.5 0.6 0.4 0.4 0.4 0.2 0.4 0.6 0.4 0.2 0.4 0.5 0.2 0.3 0.4 0.2 0.4 0.5 0.4 0.2 0.2 0.2 0.6 0.3 0.2 0.5 0.5 0.5 0.3 0.42.4 5.6 5.1 6.6 3.5 2.3 2.4 11 8.1 6.9 2.9 2.8 2.6 2.4 3.2 2.1 2 1.8 1.3 2 3.3 2.3 1.2 2.2 2.4 1.1 1.7 2.3 1.2 2 2.7 2.2 1.3 1.2 1.1 2.9 1.6 1.2 2.4 3.2 2.3 2.1 1.90.4 0.9 0.9 1.1 0.6 0.4 0.4 1.5 1.3 1.1 0.5 0.4 0.4 0.4 0.5 0.3 0.4 0.3 0.2 0.4 0.5 0.4 0.2 0.4 0.4 0.3 0.3 0.4 0.3 0.3 0.4 0.4 0.2 0.2 0.2 0.5 0.3 0.3 0.4 0.5 0.4 0.3 0.31.3 2.4 2.5 2.9 1.5 1 1.2 3.6 3.6 2.6 1.4 1.1 1.2 1 1.5 1 1.1 0.9 0.6 1 1.4 1.1 0.6 1 1 0.7 0.8 1.2 0.7 0.9 1.2 0.9 0.7 0.6 0.6 1.5 1 0.7 1.2 1.4 1.2 0.9 0.90.2 0.3 0.3 0.4 0.2 0.2 0.2 0.4 0.5 0.3 0.2 0.2 0.2 0.2 0.2 0.1 0.2 0.1 0.0001 0.1 0.2 0.1 0.0001 0.2 0.1 0.0001 0.1 0.2 0.0001 0.1 0.2 0.1 0.0001 0.0001 0.0001 0.2 0.1 0.1 0.2 0.2 0.2 0.1 0.11.7 2.4 2.3 2.8 1.4 1.3 1.3 3.3 3.5 2.8 1.7 1.4 1.3 1.5 1.8 1.2 1.4 1.1 0.7 1.2 1.6 1.1 0.6 1.2 1.1 0.7 0.9 1.2 0.6 1.1 1.5 1.2 0.7 0.7 0.6 1.3 0.8 0.6 1.3 1.6 1.2 1.1 1.20.3 0.3 0.3 0.4 0.2 0.2 0.2 0.5 0.5 0.4 0.2 0.2 0.2 0.2 0.3 0.2 0.2 0.2 0.1 0.2 0.2 0.2 0.0001 0.2 0.2 0.1 0.1 0.2 0.0001 0.2 0.2 0.2 0.0001 0.0001 0.0001 0.2 0.1 0.1 0.3 0.2 0.2 0.2 0.2

TOTAL REE

186.98

855.20

703.70

984.70

447.10

169.77

140.42

4642.80

1395.10

1839.30

218.10

234.70

182.46

249.10

292.80

152.75

178.82

209.29

68.90

160.77

228.53

251.30

65.17

182.85

292.10

65.54

243.60

154.18

68.81

133.40

154.86

168.93

62.55

61.68

64.77

224.90

128.76

76.24

169.00

173.28

173.24

125.95

143.30

Sample #Y PPMLa PPMCe PPMPr PPMNd PPMSm PPMEu PPMGd PPMTb PPMDy PPMHo PPMEr PPMTm PPMYb PPMLu PPM
26659 26660 26661 26662 26663 26664 26665 26666 26667 26668 26669 26670 26671 26672 26673 26674 26675 26676 26677 26678 26679 26680 26681 26682 26683 26684 26685 26686 26687 26688 26689 26690 26691 26692 26693 26694 26695 26696 26697 26698 26699 26700 26701 267026.5 6.1 7.2 5.3 6.3 25.9 32 51.3 48.8 43.7 15.6 14.5 6.7 10.3 7.8 6.9 6.7 6.5 6 10.8 11.8 6 9.3 21 25.3 11.2 6.9 7 6.8 7.6 7.7 9.4 10.5 9.5 8.8 7.8 6.7 13.3 6.3 9.3 6.6 8.2 7.8 8.112.9 14.2 15.9 11.3 22.2 84.6 281.1 336.7 235 489 103.8 61.2 12.4 54.9 26.9 31.8 13.3 14.9 12.5 38.4 104 12.1 37.7 57.5 56.3 31 14.5 14.1 21.5 17 16.6 32.9 17.8 23.7 18.6 16.1 14.3 34.3 13.1 33.2 21.6 24.6 26.2 11.227.67 31.28 36.17 25.43 45.48 125.6 474.2 592.3 433 961.2 73.79 122.2 24.96 96.71 42.47 53.22 25.69 29.01 25.32 65.46 161.2 23.14 62.48 112.5 111 70.13 29.29 25.88 42.93 31.88 31.83 62.92 30.58 45.43 34.81 31.52 28.83 69.07 26.8 64.69 46.49 55.09 51.15 23.033.5 4.1 5.3 3.1 5.4 12.4 43.3 61.3 37 72.5 14.4 12.6 2.8 9.7 4.4 5.2 2.8 3.2 2.8 6.6 13.9 2.7 6.1 12.2 12.9 6.8 3.4 3.2 4.6 3.9 3.7 6.9 4 5.4 3.9 3.6 3.1 7.5 3 7.3 6 7.5 5.5 2.814 18 22 14 20.4 44.1 139 221.2 123.8 230.3 49.4 45.6 11.9 35.8 15.3 18.4 11.6 12.2 11 24.1 42.5 10.8 22 45.7 50 25.7 13.1 12.4 16.9 16.2 15.1 25.2 15.6 19.9 15.3 13.8 12.3 29 12 28.8 25.4 33.9 21.4 132.3 2.9 3.7 2.4 2.8 7.2 15.4 23 13 23.9 4.5 6.4 2 4.6 2.1 2.4 1.8 1.9 1.7 3.2 4.3 1.7 2.8 7 8 3.7 2.2 2 2.7 2.2 2.4 3.8 2.4 3.2 2.5 2.1 2 4.5 1.8 4.5 4.1 6 3.2 2.40.4 0.2 0.2 0.2 0.4 4.4 5.8 5.1 3.7 4 1.1 0.7 0.4 0.6 0.3 0.5 0.4 0.4 0.4 0.7 2 0.4 0.8 1.3 1.6 0.7 0.4 0.5 0.4 0.4 0.4 0.6 0.6 0.6 0.6 0.5 0.5 0.8 0.5 0.6 0.4 0.4 0.3 0.31.5 2.1 3.1 2.5 1.8 7.5 12.7 17.7 11.1 16 2.5 4.6 1.8 3.3 1.9 2.3 2.1 1.7 1.5 2.9 3.5 1.5 2.9 6 7.3 3.6 2.1 1.8 2 2.3 2.1 3 2.4 2.4 2.2 1.8 2.2 4 1.6 3.4 2.4 4.1 2.5 2.10.3 0.2 0.3 0.2 0.2 0.9 1.4 1.9 1.3 1.9 0.4 0.6 0.2 0.4 0.2 0.3 0.2 0.2 0.2 0.3 0.4 0.2 0.3 0.7 1 0.4 0.2 0.2 0.2 0.3 0.2 0.4 0.3 0.4 0.3 0.2 0.2 0.6 0.2 0.4 0.3 0.5 0.3 0.31.2 1.2 1.6 1.2 1.2 5.6 7 10.9 9.4 9.9 2.6 3.1 1.4 2.2 1.5 1.4 1.5 1.3 1.3 2.2 2.5 1.3 2 4.5 5.5 2.6 1.3 1.4 1.4 1.6 1.6 2.2 1.9 2.2 1.9 1.5 1.5 3.1 1.3 2.2 1.3 2.2 1.6 1.80.3 0.2 0.3 0.2 0.2 1 1.2 1.8 1.8 1.6 0.5 0.5 0.3 0.4 0.3 0.3 0.3 0.3 0.2 0.4 0.4 0.2 0.3 0.8 0.9 0.4 0.3 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.3 0.3 0.3 0.6 0.3 0.4 0.2 0.3 0.3 0.30.8 0.7 0.8 0.7 0.7 2.5 3.1 4.8 5.3 3.9 1.1 1.5 0.8 1.1 0.7 0.7 0.7 0.6 0.6 1 1.1 0.6 1 2.1 2.5 1.1 0.7 0.7 0.7 0.8 0.8 0.9 1 1.1 0.9 0.8 0.8 1.4 0.7 1 0.7 1 1 0.80.0001 0.1 0.1 0.1 0.1 0.3 0.4 0.6 0.7 0.5 0.2 0.2 0.0001 0.2 0.1 0.0001 0.1 0.0001 0.0001 0.1 0.1 0.0001 0.1 0.3 0.3 0.2 0.0001 0.0001 0.0001 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.0001 0.2 0.1 0.1 0.1 0.10.8 1 1.1 1.1 1 2.6 3.1 4.2 5.2 3.9 1.2 1.7 0.8 1.3 0.9 0.7 0.8 0.8 0.7 1.1 1.2 0.7 1 2 2.2 1.3 0.8 0.8 0.8 0.8 0.8 1 1.2 1 0.9 0.9 0.9 1.5 0.7 1.3 1.1 1.1 1.1 0.90.1 0.2 0.1 0.1 0.2 0.3 0.4 0.6 0.6 0.6 0.2 0.2 0.1 0.2 0.1 0.1 0.1 0.0001 0.0001 0.1 0.1 0.0001 0.1 0.3 0.3 0.2 0.1 0.1 0.1 0.1 0.1 0.1 0.2 0.1 0.1 0.1 0.1 0.2 0.1 0.2 0.2 0.2 0.2 0.1

72.27

82.48

97.87

67.83

108.38

324.90

1020.10

1333.40

929.70

1862.90

271.29

275.60

66.56

221.71

104.97

124.22

68.09

73.01

64.22

157.36

349.00

61.34

148.88

273.90

285.10

159.03

75.29

70.38

101.33

85.48

83.73

149.72

88.98

115.43

91.21

81.12

73.83

170.07

68.40

157.49

116.89

145.19

122.65

67.23

Sample #Y PPMLa PPMCe PPMPr PPMNd PPMSm PPMEu PPMGd PPMTb PPMDy PPMHo PPMEr PPMTm PPMYb PPMLu PPM
26703 26704 26705 26706 26707 26708 26709 26710 26711 26712 26713 26714 26715 26716 26717 26718 26719 26720 26721 26722 26723 26724 26725 26726 26727 26728 26729 26730 26751 26752 26753 26754 26755 26756 26757 26758 26759 26760 26761 26762 26763 26764 26765 267667.9 6.3 6 6.4 6.7 17.7 5.8 5.3 6 6 5.8 4.7 3 1.7 2.3 4.1 10.1 27.4 39 40.7 5.8 7.9 7.9 5.4 14.8 8.6 6.9 6.3 22.3 16.8 15.8 6.5 23.5 11.9 11.6 17.8 39.3 49 14.8 8.8 13.2 12 12.8 6.813.6 14.7 32.7 17.4 19.1 218.8 14.9 13.9 13.1 13.3 15.9 12.5 11 4.8 5 12 28 122.9 284.4 321.1 14.3 19 26.2 17.4 64.7 56.1 15.2 14 231.2 192.1 149.4 14.9 144.8 41.6 26.6 62.9 145.9 212 31.1 27.5 25.5 44.1 36.1 14.629.55 29.56 54.53 31.95 37.05 319 28.94 27.87 26.43 26.02 29.96 23.34 13.69 7.1 9.25 20.93 43.18 189.8 448.7 631.9 28.97 36.85 48.05 34.25 130 80.55 30.5 27.77 433.4 337.4 269 31.32 83.59 85.46 54.39 112.4 238.3 365.3 55.34 53.85 45.63 78.67 65.76 27.083.4 3.3 5 3.4 4.1 24 3 3 2.8 2.8 3.3 2.6 1.8 0.9 1 2.3 4.8 19.2 38.4 43.9 2.9 3.8 4.7 3.2 11.3 6.3 3.4 3.1 34.4 27.2 24 3.3 17.2 7.1 5.6 12.6 25.2 36.4 6.5 5.9 5.3 9.1 7.8 3.415.1 13.2 17.3 13 15.8 71.1 12 11.4 11.1 10.9 12.4 9.6 6.5 3.2 4.1 8.6 17.8 66.2 115.5 138.4 11.4 15.1 18.2 12.1 39.6 19.9 13.4 11.7 114.1 88 77.8 12.9 59.5 25.7 22.3 46.3 91.7 122.2 24.7 21.8 20.7 32.4 28.5 12.92.6 2.1 2.1 1.9 2.5 6.7 1.8 1.7 1.8 1.7 1.9 1.4 0.8 0.4 0.6 1.3 2.6 8.3 11.7 14.7 1.7 2.2 2.5 1.8 5.1 2.4 2.1 1.8 11.1 9.3 8.6 2.1 6.5 3.4 3.3 6.9 12.3 15.5 3.9 3 3.4 4.4 4.4 20.5 0.5 0.4 0.4 0.4 0.5 0.4 0.4 0.4 0.3 0.3 0.3 0.2 0.0001 0.1 0.3 0.5 1.5 3.9 4.8 0.3 0.6 0.5 0.4 1 0.4 0.5 0.5 1.6 1 0.8 0.4 1.4 0.6 0.7 1.3 2.9 4.3 0.8 0.6 0.6 0.4 0.3 0.42.2 1.7 1.8 1.6 2 4 1.6 1.4 1.6 1.3 1.6 1.1 0.6 0.4 0.5 1 2.2 5.8 8.1 9.9 1.7 1.8 2.1 1.5 4.2 1.8 1.7 1.7 6.5 4.4 4.5 1.7 4.8 2.7 2.7 5.6 9.4 12.6 3.4 2.3 2.8 3.3 3.2 1.90.3 0.2 0.2 0.2 0.2 0.5 0.2 0.2 0.2 0.2 0.2 0.2 0.0001 0.0001 0.0001 0.1 0.3 0.9 1.2 1.4 0.2 0.3 0.3 0.2 0.6 0.2 0.2 0.2 0.8 0.6 0.6 0.2 0.6 0.3 0.4 0.6 1.3 1.6 0.5 0.3 0.4 0.4 0.4 0.21.8 1.2 1.3 1.3 1.4 3.1 1.2 1.1 1.3 1.2 1.1 0.9 0.5 0.3 0.4 0.7 2 5.2 7.6 8.1 1.2 1.6 1.7 1.2 3.1 1.5 1.5 1.2 4.6 3.5 3.4 1.2 3.3 2.1 2.5 3.8 8.4 9.9 2.8 1.6 2.3 2.1 2.4 1.30.3 0.2 0.2 0.2 0.2 0.6 0.2 0.2 0.2 0.2 0.2 0.2 0.0001 0.0001 0.0001 0.1 0.4 1 1.5 1.5 0.2 0.3 0.3 0.2 0.6 0.3 0.3 0.2 0.8 0.6 0.6 0.3 0.7 0.4 0.4 0.8 1.5 1.8 0.5 0.3 0.4 0.4 0.5 0.30.9 0.7 0.7 0.7 0.7 1.6 0.6 0.6 0.6 0.6 0.6 0.4 0.3 0.1 0.2 0.4 1 2.6 3.9 3.7 0.6 0.8 0.8 0.5 1.5 0.8 0.7 0.7 2.2 1.6 1.5 0.7 1.7 1.1 1.1 1.7 3.7 4.7 1.3 0.9 1.2 1.1 1.2 0.70.1 0.0001 0.0001 0.0001 0.0001 0.2 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.1 0.3 0.5 0.5 0.0001 0.1 0.0001 0.0001 0.2 0.1 0.0001 0.0001 0.3 0.2 0.2 0.0001 0.2 0.1 0.1 0.2 0.5 0.6 0.2 0.1 0.2 0.2 0.2 0.00010.9 0.7 0.7 0.7 0.8 1.7 0.7 0.6 0.7 0.6 0.7 0.5 0.2 0.2 0.2 0.4 1 2.4 3.4 3.5 0.7 0.8 0.8 0.6 1.4 1 0.7 0.7 2.4 1.8 1.7 0.7 1.7 1.1 1 1.7 3.2 3.8 1.2 1 1.3 1.5 1.2 0.70.1 0.1 0.1 0.1 0.1 0.2 0.1 0.0001 0.1 0.0001 0.1 0.0001 0.0001 0.0001 0.0001 0.0001 0.1 0.4 0.5 0.5 0.0001 0.1 0.1 0.0001 0.2 0.2 0.1 0.0001 0.3 0.3 0.2 0.1 0.2 0.2 0.2 0.2 0.4 0.5 0.2 0.2 0.2 0.2 0.2 0.1

79.25

74.46

123.03

79.25

91.05

669.70

71.44

67.67

66.33

65.12

74.06

57.74

38.59

19.10

23.65

52.23

114.08

453.90

968.30

1224.60

69.97

91.25

114.15

78.75

278.30

180.15

77.20

69.87

866.00

684.80

558.10

76.32

349.69

183.76

132.89

274.80

584.00

840.20

147.24

128.15

123.13

190.27

164.96

72.38

Sample #Y PPMLa PPMCe PPMPr PPMNd PPMSm PPMEu PPMGd PPMTb PPMDy PPMHo PPMEr PPMTm PPMYb PPMLu PPM
26767 26768 26769 26770 26771 26772 26773 26774 26775 26776 26777 26778 26779 26780 26781 267826.4 18.7 20.2 11.9 15.1 17.1 14.3 19.4 18.2 9.3 18.3 24.5 21.3 9.2 11.6 6.716 58.7 73 25.7 35.9 55.8 44.8 39.1 46.9 24.5 60.8 60.4 82.3 28.3 43.7 17.933.07 104.7 119.5 37.84 67.92 95.17 81.19 63.61 85.22 44.86 113.6 94.01 192.3 52.79 88.29 35.883.6 12.2 14.7 5 7.7 11.5 9.5 8.3 10.1 5.1 11.8 10.9 16.2 5.6 7.7 3.713 43.7 52.1 18.4 27.4 43.2 33.9 31.9 35.3 18.4 41.9 39.1 54.4 19.7 26.9 13.71.9 6.1 7.5 2.6 4.3 5.8 4.9 4.7 5 2.6 5.4 5.1 7 2.8 3.6 1.90.3 1.1 1.3 0.5 0.7 0.9 0.7 0.9 0.9 0.4 1 1 1.2 0.5 0.7 0.41.3 4.7 5.6 2.3 3.1 4.3 3.3 4.2 4.2 2.2 3.9 4.4 4.9 1.9 3 1.80.2 0.6 0.7 0.3 0.4 0.6 0.5 0.5 0.5 0.3 0.6 0.6 0.7 0.3 0.4 0.21.1 3.8 4.1 2.1 2.8 3.3 3 3.7 3.7 1.9 3.7 3.7 4.2 1.7 2.2 1.40.2 0.7 0.7 0.4 0.5 0.6 0.5 0.7 0.6 0.3 0.6 0.8 0.7 0.3 0.4 0.20.7 1.8 2.1 1.1 1.5 1.6 1.3 1.9 1.8 0.9 1.6 2.1 2.1 0.9 1.1 0.60.0001 0.2 0.2 0.1 0.2 0.2 0.2 0.3 0.2 0.1 0.2 0.3 0.2 0.1 0.1 0.00010.7 1.8 2 1 1.5 1.7 1.5 2 1.8 1 1.7 1.8 2.1 0.9 1.1 0.70.0001 0.3 0.3 0.2 0.2 0.2 0.2 0.3 0.2 0.1 0.2 0.3 0.3 0.1 0.1 0.0001

78.47

259.10

304.00

109.44

169.22

241.97

199.79

181.51

214.62

111.96

265.30

249.01

389.90

125.09

190.89

85.08

Source: Fumerton, S., and Halpin, K. (2010). Geological report on the True Blue Project describing the geology, geochemistry and REE mineralization of the Shark Property Acme Analytical Laboratories (Vancouver) Ltd. 1020 Cordova St. East Vancouver BC V6A 4A3

Neither Razore Rock nor its Qualified Persons are able to verify the data included in the table above as all results were from soil samples and no samples are available for verification. Neither Razore Rock nor its Qualified Person have been able to do any work to verify the data but have reviewed the historical results and the Company’s Qualified Person has no reason to question the historical results set out in the table above.

This news release has been reviewed and approved for technical content by Glen Macdonald, a Director of the Company and a Qualified Person under the provisions of National Instrument 43-101. The technical information in this news release must be treated as historical in nature as Razore Rock’s Qualified Person had no control over or involvement in the historical information.

For further information, please contact:

Bill Johnstone, Corporate Secretary Telephone: (416) 865-6605

About Razore Rock Resources Inc.

Razore Rock Resources Inc. is a mineral exploration company focused on the acquisition, exploration and development of mineral resources.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this Press Release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such as actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. The reader is cautioned not to put undue reliance on such forward-looking statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.