Rock Energy Resources, Inc. Announces Equity Financing of $40 Million

HOUSTON, March 31, 2008 (PRIME NEWSWIRE) -- Rock Energy Resources, Inc.
(OTCBB:RCKE), a producer engaged in the exploration, development and production
of crude oil and natural gas, today announced that the company has entered into
an agreement with Perm Energy Advisors Inc. for $40 million of equity financing,
which will provide Rock Energy Resources, Inc. with working capital needed for
the next 12 months.

"This is a big step for the company as we begin to execute our development plans
for the California and Texas properties," said Rocky Emery, CEO of Rock Energy
Resources, Inc.

Rock Energy Resources, Inc. plans to use the funding provided by Perm Energy
Advisors Inc. to continue its operations and drilling projects in the Wilcox
Trend in Colorado County, Texas, and at its Orcutt property in Santa Barbara
County, California. The company also plans to pursue other strategic
acquisitions to expand its reserve base and current cash flow.

Source Capital Group Inc. was the investment banker on the transaction.

About Rock Energy Resources, Inc.

Originally formed in April of 2004 as Rock Energy Partners LP, Rock Energy
Resources, Inc. is an oil and gas company based in Houston, Texas, that seeks
out untapped, onshore natural gas and crude oil resources using cutting-edge 3D
technologies. Rock Energy Resources, Inc. currently produces and sells natural
gas and crude oil from two locations: the Wilcox trend in Colorado County,
Texas, and the Monterey Formation in Santa Barbara County, California.

Safe Harbor Forward-Looking Statements

Forward-looking statements made in this release are made pursuant to the "safe
harbor" provision of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements made herein are not a guarantee of future
performance. This news release includes forward-looking statements, including
with respect to the future level of business for the parties. These statements
are necessarily subject to risk and uncertainty. Actual results could differ
materially from those projected in these forward-looking statements as a result
of certain risk factors that could cause results to differ materially from
estimated results. Management cautions that all statements as to future results
of operations are necessarily subject to risks, uncertainties and events that
may be beyond the control of Rock Energy Resources, Inc., and no assurance can
be given that such results will be achieved. Potential risks and uncertainties
include, but are not limited to, the ability to procure, properly price, retain
and successfully complete projects, and changes in products and competition.

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CONTACT: RedChip Companies, Inc.
Investor Relations:
Jon Cunningham
1-800-REDCHIP (733-2447), Ext. 107
info@redchip.com
www.redchip.com

Rock Energy Resources, Inc.
Rock Emery, President & CEO
713-954-3600