• Yorkville enters into £10.5m Standby Equity Distribution Agreement (SEDA), an equity facility, with Red Rock Resources
• Yorkville invests US$2m (£1.3m) in SEDA backed loan note agreement with Regency Mines

(London/New Jersey, 19 November 2010) Yorkville Advisors, LLC (Yorkville), the US-based alternative investment manager, is pleased to announce that it has entered into two separate financing agreements on behalf of YA Global Master SPV Ltd. Both deals were advised out of London.

Yorkville has completed a £10.5 million Standby Equity Distribution Agreement (SEDA) with AIMlisted Red Rock Resources Plc (AIM:RRR), a gold mining and exploration company. Red Rock Resources entered into the SEDA as a means of raising additional capital, as and when required, in order that the company is positioned to make opportunistic acquisitions.

Pioneered 10 years ago by Yorkville, a SEDA offers companies a low risk, cost effective way of optimising their capital structure in pursuit of their growth strategy. Pursuant to the terms of the SEDA, Red Rock Resources has the discretion to withdraw funds of up to £10 million in tranches in exchange for the issue of new equity for up to 36 months.

Yorkville has also entered into a US$2 million (£1.3 million) SEDA backed loan note agreement with AIM and Frankfurt listed Regency Mines Plc (AIM: RGM; Frankfurt: RM4), which is focused on mining investment and on exploration of areas of nickel and copper potential in Western Australia, Queensland, and Papua New Guinea. The loan note will provide immediate capital to Regency Mines to acquire an interest in Oracle Coal Fields.

Both deals demonstrate Yorkville’s intention to become a long-term financial partner to its investee companies, providing a range of flexible debt and equity investments and financings. This is Yorkville’s fifth financing with Red Rock Resources, following a SEDA in April 2009 and three subsequent debt facilities, and third financing with Regency Mines, following a SEDA agreement in September 2009 and then a debt facility.

Brian Kinane, Managing Director of Yorkville Advisors UK LLP, commented on the deals: “We are pleased to be able to continue our financing relationship with both Red Rock Resources and Regency Mines. Our ability to provide a variety of equity and debt structures means we can become a partner to a company, providing the type of financing best suited to their need in support of their growth.”

Andrew Bell, Chairman of Red Rock Resources and Regency Mines, said: “The availability of the SEDA has enabled us, in a rising market, to cut our financing costs.”

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Yorkville Advisors UK, LLP

Yorkville Advisors UK, LLP is a sub-advisor to the US-based alternative investment manager Yorkville Advisors, LLC.

Founded in January 2001 by Mark Angelo, Yorkville specializes in providing flexible, innovative debt and equity investments and financing in publicly listed companies in a variety of sectors including energy, mining, technology media & telecommunication (TMT), healthcare and shipping.

Yorkville tailors its financings according to each company’s need and offers a mix of debt structures, bridge financings, asset backed loans, equity facilities and, in some cases, equity injections.

Yorkville has offices in Jersey City, New Jersey; Jupiter, Florida; Denver, Colorado; London and Hong Kong as well as a joint venture agreement in Milan, Italy.

About Red Rock Resources

Red Rock Resources Plc is a gold mining and exploration company with projects in Kenya and Colombia, and interests in steel feed, uranium and rare earths.

IMPORTANT DISCLOSURES

The information contained herein is for informational and discussion purposes only and is not intended to be, nor shall it be, construed as legal, tax or investment advice or as an offer, or the solicitation of any offer, to buy or sell any securities. Before entering into any investment you should thoroughly review the respective transaction documents with your legal, tax and investment advisors.