Rokmaster Receives a Notice of Default From AM Gold Inc. in Respect of Pinaya Option
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 25, 2014) - Rokmaster Resources Corp. ("Rokmaster" or the "Company") (TSX VENTURE:RKR)(LMA:RKR) announces that AM Gold Inc. ("AM Gold") has delivered to Rokmaster a notice of default dated September 24, 2014 (the "Notice of Default") in respect of the Cdn$400,000 cash payment that was to have been paid by Rokmaster to AM Gold, and the Cdn$1.5 million in work expenditures that was to have been incurrred by Rokmaster on the Pinaya Gold-Copper Project (the "Pinaya Project"), on or before September 11, 2014 pursuant to the Option and Joint Venture Agreement dated July 16, 2012, as amended (the "Agreement"), with AM Gold and AM Gold's Peruvian subsidiary, Canper Exploraciones S.A.C. ("Canper"). In the Notice of Default, AM Gold has stated that if the alleged default is not cured within 30 days of receipt of the Notice of Default, AM Gold and Canper may immediately terminate the Agreement.
Rokmaster disputes the validity of the Notice of Default in light of its prior declaration of force majeure under the Agreement (please refer to Rokmaster's news release dated September 22, 2014) as a result of the continued presence of illegal miners on the Pinaya Project, resulting in Rokmaster being unable to obtain unrestricted access to the portions of the Pinaya Project controlled and occupied by the illegal miners.
For additional information on the Company and its projects in English and Spanish, including NI 43-101 gold-copper resource estimates on the Pinaya Project, please visit the Company's website www.rokmaster.com or call (604) 632-9602.
On behalf of the Board of Directors of ROKMASTER RESOURCES CORP.
John Mirko, President & Chief Executive Officer.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.
