Goldrock Mines : Positive Argentina Policy Changes Benefit Lindero Gold Project

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

Goldrock Mines Corp ('Goldrock' or the 'Company') reports on recent significant favourable changes in Argentina government policy and the resulting positive impact on the value and development of its attractive 'shovel-ready' and fully permitted Lindero gold heap leach project located in the mine friendly province of Salta.

On December 16, 2015, the Argentina government eliminated currency controls by lifting the clamp on US Dollar purchases and allowing its citizens to purchase US Dollars freely for the first time in four years. This move by newly appointed President Mauricio Macri resulted in a unification of the foreign exchange market, effectively allowing the floating of the Argentina peso. The end to the artificially high official exchange rate mechanism immediately devalued the overvalued Argentina peso by 35%. The cheaper peso has the potential to lower Lindero's capital and operating costs, specifically in the areas of labour and services.

Concurrently, President Macri's administration eliminated export taxes on most agricultural and industrial products, specifically removing the 5% export duty on gold/silver dore. In addition, the removal of certain import restrictions will positively affect the Company during construction and allow for more rapid international sourcing of materials, and equipment. With many of the previously existing procurement challenges now eliminated, the planned construction activity and schedule at Lindero have been significantly de-risked.

ON BEHALF OF THE BOARD OF DIRECTORS,

'Paul Matysek'

Paul Matysek, M.Sc., P.Geo
President and CEO

For additional information:
[phone]
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. The Company also has secondary permits in place for process water extraction, road construction, building and electrical permits. In addition, it has received formal public declaration of support for the Lindero development via Salta provincial government decree recognizing Lindero as the priority development project for the Salta Province. With the HPGR unit delivered into Argentina, the purchase of land in Pocitos, the completion of the project's water supply wells and basic engineering including the preparation of construction bid packages, the Company is positioning itself for a smooth transition into full construction. Average annual gold production is anticipated to average 128,000 ounces over the first three years of production and averages 109,000 ounces over the first 9 years of the mine life. Significant exploration potential exists at both Lindero and the wholly owned adjacent Arizaro deposit.

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.