Red Rock Capital Corp. Announces Results of Special Shareholder Meeting

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AGENCIES


Red Rock Capital Corp. ("Red Rock" or the "Company") (TSX VENTURE:RRD.P) is
pleased to announce the results of its special meeting of shareholders held on
January 6, 2011 (the "Meeting"). At the Meeting, in connection with the
Company's proposed qualifying transaction (the "Qualifying Transaction")
involving Century Iron Ore Holdings Inc. ("Century Holdings"), shareholders
approved a change of name to "Century Iron Mines Corporation", an increase in
the size of the board from four to eight members and the election of certain
additional directors, namely, Sandy Chim, Siu Ming (Patrick) Li, Ben Koon
(David) Wong, and Hua Bai, who will be appointed to the board upon completion of
the proposed Qualifying Transaction, subject to the approval of the TSX Venture
Exchange (the "Exchange" or the "TSXV"). Shareholders also approved a
consolidation of the Company's common shares which consolidation is expected to
occur immediately prior to the completion of the proposed Qualifying Transaction
at a consolidation ratio of one common share for each existing ten shares.
Shareholders also approved the creation of a new class of preferred shares
without par value and without maximum authorized number, issuable in series on
such terms as may be determined by the Company's board of directors for each
series, and a change of auditor to PricewaterhouseCoopers LLP to be effective
following completion of the Qualifying Transaction.


About Red Rock 

Red Rock Capital Corp., a Capital Pool Company within the meaning of the
policies of the Exchange, was incorporated in British Columbia on July 10, 2007
and was listed on the Exchange on November 26, 2009. The Company does not have
any operations and has no assets other than cash. The Company's business is to
identify and evaluate businesses and assets with a view to completing a
qualifying transaction in accordance with the policies of the TSXV.


On November 18, 2010, Red Rock announced that it had entered into a letter of
intent with Century Iron Ore Corporation, a private company and the owner of all
of the issued and outstanding shares of Century Holdings, to acquire all of the
issued and outstanding shares of Century Holdings. Century Holdings is a private
mineral exploration company incorporated under the laws of British Columbia and
the indirect owner of the following material mineral exploration properties
(collectively, the "Properties"):




--  Duncan Lake (currently a 51% interest and an option to increase to a 65%
    interest under an option and joint venture agreement with Augyva Mining
    Resources Inc. (TSXV), 
--  Attikamagen (up to a 60% interest under an option and joint venture
    agreement with Champion Minerals Inc. (TSX), and 
--  Sunny Lake (100% owned by Century Holdings). 



All of the Properties are located in the Provinces of Quebec and Newfoundland
and Labrador and are held indirectly by Century Holdings through intermediate
Canadian-incorporated subsidiaries. 


It is anticipated that the proposed Qualifying Transaction will be completed by
way of a "three-cornered amalgamation" whereby a wholly-owned subsidiary of Red
Rock incorporated under the laws of British Columbia will amalgamate with
Century Holdings (the "Amalgamation"). Red Rock will issue common shares to the
pre-Amalgamation shareholders of Century Holdings upon completion of the
Amalgamation. 


Except for statements of historical fact, all statements in this press release,
including, but not limited to, statements regarding future plans, objectives and
payments are forward-looking statements that involve various risks and
uncertainties.


Completion of the proposed Qualifying Transaction is subject to a number of
conditions, including but not limited to, Exchange acceptance. There can be no
assurance that the transaction will be completed as proposed or at all. 


Investors are cautioned that, except as disclosed in the management information
circular or filing statement to be prepared in connection with the proposed
Qualifying Transaction, any information released or received with respect to the
transaction may not be accurate or complete and should not be relied upon.
Trading in the securities of a capital pool company should be considered highly
speculative.


CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION 

This press release contains forward-looking statements and information that are
based on the beliefs of management and reflect the Company's current
expectations. When used in this press release, the words "estimate", "project",
"belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should"
and the negative of these words or such variations thereon or comparable
terminology are intended to identify forward-looking statements and information.
The forward-looking statements and information in this press release includes
information relating to the proposed Qualifying Transaction, the Amalgamation,
the business objectives of Century Holdings and the directors and management of
the resulting issuer upon completion of the transaction. Such statements and
information reflect the current view of the Company with respect to risks and
uncertainties that may cause actual results to differ materially from those
contemplated in those forward-looking statements and information.


By their nature, forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause our actual results, performance
or achievements, or other future events, to be materially different from any
future results, performance or achievements expressed or implied by such
forward-looking statements. Such factors include, among others, the following
risks: risks associated with the completion of the transaction and matters
relating thereto and the risks associated with the marketing and sale of
securities, the need for additional financing, reliance on key personnel, the
potential for conflicts of interest among certain officers or directors with
certain other projects, and the volatility of the Company's common share price
and volume. Forward-looking statements are made based on management's beliefs,
estimates and opinions on the date that statements are made and the Company
undertakes no obligation to update forward-looking statements if these beliefs,
estimates and opinions or other circumstances should change. Investors are
cautioned against attributing undue certainty to forward-looking statements.


There are a number of important factors that could cause the Company's actual
results to differ materially from those indicated or implied by forward-looking
statements and information. Such factors include, among others, the availability
of funds, the timing and content of work programs, results of operation
activities and development of mineral properties, the interpretation of drilling
results and other geological data, the uncertainties of resource and reserve
estimates, receipt and security of mineral property titles, receipt of licenses
to conduct mining activities, project cost overruns or unanticipated costs and
expenses, fluctuations in metal prices and general market and industry
conditions.


The Company cautions that the foregoing list of material factors is not
exhaustive. When relying on the Company's forward-looking statements and
information to make decisions, investors and others should carefully consider
the foregoing factors and other uncertainties and potential events. The Company
has assumed a certain progression, which may not be realized. It has also
assumed that the material factors referred to in the previous paragraph will not
cause such forward-looking statements and information to differ materially from
actual results or events. However, the list of these factors is not exhaustive
and is subject to change and there can be no assurance that such assumptions
will reflect the actual outcome of such items or factors.


THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE
EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND,
ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE
UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS
INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT
UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED
IN ACCORDANCE WITH APPLICABLE LAWS.
(TSXV:RRD.P)
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