Red Rock Capital Corp. Announces Filing of Filing Statement on SEDAR and Anticipated Closing Date of Qualifying Transaction

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

Red Rock Capital Corp. (the "Company") (TSX VENTURE:RRD.P), a capital pool
company under the policies of the TSX Venture Exchange (the "Exchange"), is
pleased to provide the following updates regarding its proposed qualifying
transaction (the "Qualifying Transaction") with Century Iron Ore Holdings Inc.
("Century Holdings"):


Filing Statement 

The Company has filed its Filing Statement dated May 5, 2011 relating to the
Qualifying Transaction. Investors may view the Filing Statement on SEDAR. 


Exchange Approval and Anticipated Closing Date

The Company has received conditional approval to the Qualifying Transaction from
the Exchange. The Company anticipates that the transactions contemplated in the
Filing Statement (including the private placement purchase of common shares of
the Company by WISCO International Resources Development & Investment Limited
("WISCO")) will be completed and that the Qualifying Transaction will close on
or about May 17, 2011. The Company anticipates that WISCO will purchase 24.99%
of the common shares of the Company, as calculated on a non-diluted basis, upon
completion of the Qualifying Transaction for a purchase price of approximately
$60 million. 


About Red Rock Capital Corp.

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.


About WISCO

WISCO is one of the major subsidiaries of Wuhan Iron & Steel (Group) Corporation
(the "WISCO Group"), headquartered in Wuhan the provincial capital of Hubei in
the People's Republic of China. The WISCO Group is one of the "big-three"
Chinese state-owned integrated iron and steel groups. In 2010, the WISCO Group
had an annual output of 36 million tonnes of steel. The WISCO Group's portfolio
of business activities includes mining, coking, sintering, iron making, steel
making, rolling and associated utilities. 


Forward Looking Information

Except for statements of historical fact, all statements in this press release,
including, but not limited to, statements regarding future plans, objectives,
private placements and payments are forward-looking statements that involve
various risks and uncertainties. Investors should refer to the Filing Statement
for a further discussion of the risks associated with the Qualifying
Transaction.


Completion of the transaction is subject to a number of conditions, including
but not limited to, Exchange acceptance and if applicable pursuant to Exchange
Requirements, majority of the minority approval. Where applicable, the
transaction cannot close until the required shareholder approval is obtained.
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 filing statement
prepared in connection with the 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.

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