Rocmec Mining Inc.

Rocmec Mining Inc.

October 26, 2007 16:05 ET

Rocmec Closes Non-Brokered Private Placement with HDL Capital Corp.

POINTE-CLAIRE, QUEBEC--(Marketwire - Oct. 26, 2007) - Rocmec Mining inc. (the "Company") (TSX VENTURE:RMI)(FSE:D5O), subject to the approval of the TSX Venture stock exchange, is pleased to announce a non-brokered private placement of $1,557,400 through the sale of 8,652,500 flow-through units ("FT Units") at $0.18 each to the HDL Capital Corporation. Each FT Unit is comprised of one flow-through common share of the Company and one transferable non-flow-through share purchase warrant. Each share purchase warrant entitles its holder thereof to purchase one additional common share of the Company at a price of $0.25 for a period of 12 months from the closing date and thereafter at a price of $0.30 for an additional period of twelve months.

HDL Capital Corporation will obtain a cash finder's fee from the Company equal to 6% of the aggregate gross proceeds along with finder's options equal to 10% of the number of units subscribed for. The options are issued under the same terms as the warrants issued to the subscribers.

All the securities issued in virtue of this placement are subject to certain resale restrictions imposed under the applicable securities laws, which require that the securities not be traded before February 25th 2008.

The proceeds from the sale of the FT units will be used by the Company for underground development of its Rocmec1 (Russian Kid) project located in Rouyn-Noranda, Quebec.

Subject to the approval of the TSX Venture stock exchange, Rocmec also wishes to announce that the Board of Directors has granted a total of 480,000 options to members of the management team, board, an advisory member and a consultant. The options have a 5 year term and an exercise price of $0.16 per share.

Management wishes to advise that the Rocmec's stock (TSXV: RMI) will remain halted pending additional news.

About HDL Capital Corporation

Toronto-based HDL Capital Corporation, founded in 1993, is a boutique Merchant Bank focused on the financial and corporate development of high growth, mid-market companies in a range of sectors. HDL has recently completed numerous private placements across the Gold, Uranium, and Nickel sectors that have yielded very strong returns for its private investor base. Beyond the Resource sector, HDL has been central in the inception and growth of several billion dollar companies, both private and public, in the Technology, Manufacturing, Consumer Goods, Hospitality and Marketing Services sectors. Please visit for further background.

About Rocmec Mining

Rocmec Mining Inc. is a Canadian junior exploration company actively involved in the acquisition, exploration and development of precious metal projects. The Company's exclusive thermal fragmentation process combined with its growth strategy places it as the partner of choice for the development of narrow high-grade precious metal quartz vein projects. The Company's shares are listed on the TSX-Venture (RMI) and the FSE (D5O) exchange. The company's growth strategy is to focus on the development of quality assets that will significantly enhance shareholder value.

"Thermal fragmentation - the way of the future for mining narrow high-grade veins"

The development and mining of narrow high-grade vein deposits with its exclusive thermal fragmentation process should enable the Company to demonstrate the economic plus-value of this technology. The acquisition, exploration and mining development at the recently acquired Rocmec 1 (Russian Kid) property subscribe to this objective.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those in these "forward-looking statements". The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information