Rokmaster Increases Previously Announced Private Placement

(TSXV): RKR
(Frankfurt): 1RR
(OTC Pink): RKMSF

VANCOUVER, Jan. 24, 2020 /CNW/ - Rokmaster Resources Corp. ("Rokmaster" or the "Company") is pleased to announce that due to investor demand, the Company is increasing the size of its proposed non-brokered private placement previously announced on January 2, 2020 to up to 11,666,667 units (the "Units") at a price of $0.06 per Unit for gross proceeds of up to $700,000 (the "Private Placement").  Each Unit consists of one common share of the Company and a non-transferable share purchase warrant (a "Warrant"), and each Warrant is exercisable to purchase one additional common share of the Company (a "Warrant Share") for a period of two years (subject to an accelerated expiry provision) at an exercise price of $0.10 per Warrant Share.

The Company is to use proceeds from the Private Placement to fund the preparation of an updated Preliminary Economic Assessment and technical report on the Company's recently optioned Revel Ridge Project (see News Release dated December 30, 2019) and for general working capital purposes.

The Company may pay a finder's fee to certain third parties of up to 8% in cash and up to 8% in share purchase warrants of the Company or a combination thereof (the "Finder's Fee"), in connection with the sale of Units to arm's length subscribers.

Closing of the Private Placement, the payment and/or issuance of the Finder's Fee and the option agreement between the Company, Huakan International Mining Inc. ("Huakan") and Huakan's shareholders are subject to TSX Venture Exchange approval. All common shares issued pursuant to the Private Placement and the exercise of Warrants will be subject to a four month hold period from the closing date.

On behalf of the Board of Directors of
ROKMASTER RESOURCES CORP.

"John Mirko"
John Mirko, President & Chief Executive Officer

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) nor any other regulatory authority accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Rokmaster's operations and other risks and uncertainties.  Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

SOURCE Rokmaster Resources Corp.

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