Binding LOI To Acquire Next Generation Resources

TORONTO – RooGold Inc. has entered into a binding letter of intent setting out the terms of a proposed acquisition of all of the issued and outstanding shares of Next Generation Resources Inc., an arm’s length company incorporated under the Business Corporations Act. The LOI provides that it will, prior to closing of the transaction, be superseded and replaced with a binding purchase agreement to be agreed to between the Company and NextGen.