ROSCAN MINERALS CORPORATION
TSX VENTURE : ROS

June 25, 2008 17:13 ET

High River Terminates Agreement With RosCan

TORONTO, ONTARIO--(Marketwire - June 25, 2008) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA

ROSCAN MINERALS CORPORATION (TSX VENTURE:ROS) ("RosCan") announces that it has agreed to terminate its agreement with High River Gold Mines Ltd. ("High River") to acquire High River's 50% interest in the Prognoz Silver Project announced on May 28, 2008. In connection with the termination Jacob & Company has agreed to terminate its engagement with RosCan. RosCan is assessing its alternatives with a view to maximizing shareholder value.

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements. Such forward-looking statements include comments regarding acquisitions, mineral resource statements and exploration program performance.

Shares Outstanding: 26,699,573

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.

Contact Information

  • RosCan Minerals Corporation
    Mark McMurdie
    (416) 293-8437
    (416) 293-3957 (FAX)
    Email: info@roscan.ca
    or
    Cobblestone Communications Inc.
    William Chymyck
    (519) 851-2242
    (519) 642-0839 (FAX)
    Email: wchymyck@rogers.com