CUI Currie Rose Resources Inc

Currie Rose Resources Inc. (the "Company") (TSX
VENTURE:CUI)(OTCBB:CUIRF)(FRANKFURT:CDVN) -


The Company is pleased to announce it has entered into a letter agreement with
Rock & Stock Investments (Pty) Ltd. ("Rock & Stock"), of South Africa, dated
November 7, 2012, pursuant to which the Company has agreed to purchase and Rock
& Stock has agreed to sell a 74% interest in the issued capital and securities
of Isibaya Mining Resources (Pty) Ltd. ("Isibaya"). A Black Economic Empowerment
("BEE") group is the owner of the remaining 26% of Isibaya.


The cash consideration payable by the Company to Rock & Stock for the
acquisition of the 74% interest is the sum of US$500,000, payable as to
US$100,000 on closing the transaction, US$150,000 payable on an NI 43-101
compliant Inferred Mineral Resource of 150,000 ounces of gold or metal
equivalent, US$150,000 payable on an NI 43-101 compliant Inferred Mineral
Resource of 300,000 ounces of gold or metal equivalent, and US$100,000 payable
on an NI 43- 101 compliant Inferred Mineral Resource of 500,000 ounces of gold
or metal equivalent on the properties presently owned by Isibaya. There is also
a US$2 an ounce of gold or equivalent royalty payable to Rock & Stock on
commercial production.


The Company has also agreed to issue Rock & Stock 7,500,000 shares in its
capital and warrants for the purchase of up to 4,000,000 shares of the Company,
at a price of $0.10 per share, exercisable for a period of three years. The
terms of the letter agreement also provide for the appointment of Joshua
Hattingh, a geologist with over 15 years' precious and base metal exploration
and development experience in Africa as a director and Vice President
Exploration of the Company at closing, and for the granting of incentive options
for the purchase of up to 1,000,000 shares of the Company, at a purchase price
of $0.10 per share, exercisable for a period of five years from the date of
grant.


The letter agreement provides the Company with a 60 day diligence period and
provides for a more definitive agreement to be entered into prior to closing.
The letter agreement also provides for the Company to undertake a financing on
terms acceptable to Rock & Stock and the Company. The terms of the transaction
are subsequent to TSX Venture Exchange approval. The transaction is also subject
to various other conditions precedent, including securing the relevant South
African regulatory approvals for the transactions.


The Company has agreed, subject to TSX Venture Exchange approval, to pay a
finder's fee of 860,000 shares of the Company and warrants for the purchase of
up to 300,000 shares of the Company, at a purchase price of $0.10 per share,
exercisable for a period of three years to parties introducing Rock & Stock to
the Company.


The parties are required to conclude definitive transaction agreements
incorporating the terms and conditions of the letter agreement and such other
terms as would be found in a transaction of this nature on or before 31 January
2013.


Isibaya has three Project areas:

1. Uitvalgrond PGE-Chromite Project

This project covers part of the Eastern limb of the BushveldComplex near
Lydenburg situated 250 km north-east of Johannesburg covering both the north and
south strike extensions of the Everest South (Chromite/Platinum) mine operated
by Aquarius Platinum (AQP-ASX). Uitvalgrond has never been drilled and first
pass drilling will target both PGE and Chromite minerals associated with the
Merensky, UG2 and other Critical Zone Reefs. The Company will be in a position
to commence drilling within 30 days after closing.


2. Sondzela Gold & Base Metal Project

Situated in the Barberton Greenstone belt, this project covers a number of
prospects including the historic:




--  Three Sisters historic Gold mine which extends underground for over 1km
    and down to 15 levels with extensive remnant gold mineralization; 
--  The historic Bien Venue former Anglo American Volcanic Hosted Massive
    Sulphide (VHMS) prospect with potential for gold, silver, copper, lead
    and zinc; 
--  The historic Figaro Gold Mine with an anomaly extending over 3km strike
    length and 700m wide with potential to host gold, zinc, lead, copper and
    silver. 



3. Steinkopf Uranium Project 

This project is situated in the Northern Cape region of South Africa. The target
area is immediately adjacent to the historical Anglo American Henkries uranium
deposit and is the least explored of the acquired package but represents a
project area with high potential based on its proximity to known uranium
mineralisation.


Rock and Stock is a Geological Consulting firm who have worked extensively in
the Bushveld as well as gold and base metal projects in the region and they will
oversee the exploration activity adding their vast experience to the exploration
effort.


www.rockstock.co.za

Harold Smith said, "The Isibaya acquisition represents a significant step for
the Company. The quality of the assets and the ability to drill untested targets
either side of the Everest South Chrome/PGE deposit is very attractive to the
Company. Joshua and his team will add significant horse power to the Company and
its ability to deliver planned work programs. Coupled with the excellent
infrastructure and mining culture of South Africa we see this project developing
over the next year into a substantial asset."


BY ORDER OF THE BOARD OF DIRECTORS OF CURRIE ROSE RESOURCES INC.

Harold Smith, President

"This news release includes certain forward-looking statements or information.
All statements other than statements of historical fact included in this
release, including, without limitation, statements relating to the potential
mineralization and geological merits of the and properties and other future
plans, objectives or expectations of the Company are forward-looking statements
that involve various risks and uncertainties. There can be no assurance that
such statements will prove to be accurate and actual results and future events
could differ materially from those anticipated in such statements. Important
factors that could cause actual results to differ materially from the Company's
plans or expectations include risks relating to the actual results of current
exploration activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, exploration cost overruns, availability of capital and
financing, general economic, market or business conditions, regulatory changes,
timeliness of government or regulatory approvals and other risks detailed herein
and from time to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or obligation to
update or revise any forward-looking statements whether as a result of new
information, future events or otherwise except as otherwise required by
applicable securities legislation."


The planning, execution and monitoring of quality control programs on the
Company's projects are under the supervision of Michael Griffiths, BSc Dip Ed,
FAusIMM, GAICD, Currie's Director. Mr. Griffiths is the qualified persons as
defined by National Instrument 43-101. Currie utilizes an industry standard
QA/QC protocol with respect to sampling procedures. Blanks, and certified
reference standards are inserted into the sample stream to monitor laboratory
performance and duplicates of pulps and bulk rejects are also used to monitor
laboratory performance. Mr Griffiths has reviewed and approved the contents of
this news release.


Additional information and public documents about Currie, can be viewed at the
Company's website www.currierose.com or at www.sedar.com.




FOR FURTHER INFORMATION PLEASE CONTACT: 
Currie Rose Resources Inc.
Harold Smith
President
(905) 688-9115
www.currierose.com

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