Update on holding in Jupiter Mines Limited (Red Rock...

Update on holding in Jupiter Mines Limited (Red Rock Resources)




RNS Number : 4498G
Red Rock Resources plc
22 October 2008


RED ROCK RESOURCES PLC
Update on holding in Jupiter Mines Limited
Dated: 22 October 2008

Red Rock Resources plc ("Red Rock" or the "Company") the mineral exploration and
development company focused on advancing iron ore,
uranium and manganese projects in Australia and East Africa, announces that Jupiter Mines
Limited ("Jupiter"), a company listed on the
Australian Stock Exchange ("ASX") (ASX: JMS) released the following announcement to the ASX
today.

"The Directors of Jupiter Mines Limited (ASX: JMS - "Jupiter") announce that the Company
has received a proposal from Pallinghurst
Resources Australia Limited and Red Rock Resources PLC seeking to vend certain assets into the
Company.

The consideration for this would be an issue of shares which would be likely to lead to a
change in control of the Company. The Board
notes that such a proposal would require an approval of shareholders at a general meeting and
prescribed information would need to be
presented to shareholders at that time.

The Board is currently giving the proposal careful consideration and further releases will
be made in due course."

Red Rock, who are acting in concert with Pallinghurst Resources Australia Ltd, are
together the largest shareholders in Jupiter, and
have a combined disclosed shareholding of 33,619,403 shares in Jupiter amounting to 19.9% of
the outstanding share capital..Of the combined
holding Red Rock have 14,904,403 shares, or 8.8% of the outstanding share capital and
Pallinghurst have 18,715,000 or 11.1%.



Announcement just made by Red Rock Resources!