Goldrock Mines : Lindero Project Development Decreed of Provincial Importance by the Salta Government

News Releases

July 9, 2014

Goldrock's Lindero Project Development Decreed of Provincial Importance by the Salta Government

Vancouver, British Columbia -- Goldrock Mines Corp. (TSX.V -- GRM)

Goldrock Mines Corp. (the "Company" or "Goldrock") (TSX-V: GRM) is pleased to have received additional formal public declaration of support for the development of its Lindero project with the issuance of Salta provincial government decree (No: 1589/14). Having Lindero recognized as the priority development project for the Salta province will enable preferential access to the various government departments and regulators as the project advances to the construction and commissioning stage. Salta province was recently rated by the Fraser Institute as the most attractive province in Argentina and second of all South American jurisdictions on its Policy Perception Index, which is regarded as a 'report card' to governments on the attractiveness of their mining policies.

Paul Matysek, Chief Executive Officer and President, commented... "We are honoured by the enhanced commitment of the regulators in Argentina. Coupled with the concrete improvement of the business climate by recent developments both provincially and nationally, the future of Lindero shines brighter".

The Company would also like to provide an update on its engineering studies and preparation. Since January 2014, a consortium comprised of SAXUM Ingenieria S.A., an Argentina engineering firm, and Kappes Cassiday & Associates ("KCA") has undertaken basic and detailed construction engineering required for the project infrastructure. KCA was the consulting engineering firm that successfully completed the Lindero feasibility study in April 2013. As part of this work, a number of areas of improvement were identified (heap leach pad civils, water supply, site access road upgrade, and conveyor systems) which could lead to cost savings in the initial capital expenditure. Given that the feasibility study estimate is considered accurate to within a +/- 15% range, the results of this basic engineering work to date suggest a low risk of cost overruns in these areas as the project advances through construction.

The design and Request for Quotes for the power station, process water supply and site buildings have been recently completed. Delivery of the High Pressure Grind Roll unit currently being fabricated by Weir Minerals is on schedule. Detailed engineering is 95% complete, sub ordering of major components overall is 50% complete, machining of the rolls and roller bearing units has begun, and assembly of the unit is scheduled to begin in September with shipment at end of November. The construction and delivery of this single longest lead-time item for the project de-risks and helps guarantee an 18 month site construction schedule.

For additional information:
Paul Matysek
[phone] or www.goldrockmines.com

About Goldrock Mines Corp.

Goldrock Mines Corp. is an emerging gold producer focused on the development of its 100% owned Lindero gold deposit located in Salta province, northwestern Argentina. The Company has been granted the primary mining permit by the Salta provincial government allowing the Company to develop the Lindero open pit, heap leach gold mine. Results of the Lindero Feasibility Study have recently been announced. Production will be at an initial throughput rate of 15,000 TPD, increasing to 18,750 TPD during the first year of operation. Average annual production will be 109,000 ounces during the first nine years. The Company has assembled an experienced operating team and is arranging project financing with commercial production anticipated in 2015. The Company's objective is to become a mid-tier gold producer with annual gold production of 250,000 ounces per year through organic growth and accretive acquisitions of near-term producing assets.

Neither the TSX Venture Exchange, nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, exploration activities, anticipated metal production, internal rate of return, estimated ore grades, commencement of production estimates and projected exploration and capital expenditures (including costs and other estimates upon which such projections are based) and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include metal prices, exploration success, continued availability of capital and financing, and general economic, market or business conditions. Accordingly, readers should not place undue reliance on forward-looking statements.