Its flagship project, Monument Bay is 100% owned and was acquired (see March 20/06 News Release) from Bema Gold Corporation and Wolfden Resources. Monument Bay is located in Northeastern Manitoba, 350 kilometers north of Red Lake. Monument Bay hosts high grade gold mineralization within a 25 km shear zone within the Stull Lake greenstone belt, nearing Red Lake. Since 2000, almost Cdn$ 28million of drilling has been spent on the project. In October 2006, Rolling Rock Resources had completed a successful $2 million (6,200 metre) drill program on its Monument Bay property which discovered a new gold zone called the Burn Lake zone assaying up to 45.54 G/T AU over 0.5 metres . In April 2007 Rolling Rock Resources successfully completed its 28 hole, 10 473 metre diamond drill program at Monument Bay further defining the down-plunge extension of the "G" zone at the eastern most area of the existing deposit, grading up to 6.3 g/t Au over 4.0 metres. In January 2008, a recalculation of its resource and a new Technical Report by Wardrop Engineering was calculated at 944,000 ounces of gold at 6.01 g/t.

On November 18,2008 Rolling Rock Resources increased its Monument Bay gold deposit 28.3% to 1,212,000 ounces.

Vancouver, February 12, 2009 -Rolling Rock Resources Corporation (the “Company”) (RLL-TSX.V) is pleased to announce the results from a positive preliminary economic assessment study (the “Study” and “PEA”) of the Company’s 100% owned Monument Bay gold property located in Northern Manitoba, Canada. The assessment was completed by Beacon Hill Consultants (1988) Ltd. (“Beacon Hill”) of Vancouver, B.C. to the standards of NI-43-101.

The Study includes over 95,000 metres of diamond drilling and some $28 million of expenditures since 2000 and comprises an inferred resource estimate and a conceptual mining plan.  Highlights from this preliminary assessment are outlined below. All dollar figures are in Canadian dollars unless otherwise indicated:

1. Project Capital Cost of $140 million
2. 11 year mine life
3. Underground mine plan processing 1000 tonnes per day with average life of mine grade 6.33 gAu/t (gram per tonne) averaging 64,000 ounces per year
4. Operating cost of $106/tonne processed
5. An economic base case using a US$750/oz gold price gives an after tax IRR (Internal Rate of Return) of 8.14% and an undiscounted NPV (Net Present Value) of $45 million, $7.4 million  discounted at 5%
6. Based on a gold price of US$950/oz the undiscounted NPV is estimated as $167 million with an after tax IRR of 22.48% and an NPV of  $96 million with a 5% discount rate
7. The preliminary study recommends a 11,175 metre diamond drill program targeting 8 of the existing zones with 21 drill holes designed to further increase the inferred resource at the Monument Bay project

Chief Executive Officer Scott Angus stated:  “The completion of this Study marks a significant milestone for the Company that gives us a greater understanding of the upside potential and the financial parameters of this deposit.  We now have a foundation with the recommendation for minimal work in potential areas to significantly increase the tonnage and grade of the deposit allowing us to advance this project to the next level.”