Roughrider Exploration Limited (Roughrider) announced that it has entered into a definitive agreement with Cazador Resources Ltd., Rene Bernard and Elemental Capital Partners LLP each of which is an independent party at arm's length to the Company (collectively "the "Vendors"), to acquire a 100% interest in the Gin, Eldorado and Bonanza properties located adjacent to Newcrest Mining and Imperial Metals Red Chris Mine in the Golden Triangle Area of northwest B.C. for an aggregate consideration of 11,000,000 Roughrider shares. Upon closing, Mr. Adam Travis will be appointed CEO and Director of Roughrider and Dr. Fletcher Morgan will also be appointed a Director of Roughrider. The company also announced that Mr. Wayne Hewgill and Mr. Alex Heath will resign as directors of Roughrider, effective on the closing date of the Transaction.

Mr. Travis will replace Mr. Scott Gibson, who has served as Roughrider's CEO over the last eight years. Mr. Gibson will remain a director of Roughrider.