Roca Mines Inc.

Roca Mines Inc.

March 06, 2007 17:25 ET

Roca Closes $10 million Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 6, 2007) - Roca Mines Inc. (TSX VENTURE:ROK) ("Roca") announces that it has now closed the private placement announced on February 27, 2007 for gross proceeds of $10 million upon the issuance of 7,142,857 units.

Each unit consists of one common share and one share purchase warrant, each warrant entitling the holder to acquire an additional common share until September 6, 2008 at a price of $2.25. All securities issued are subject to a hold period expiring on July 7, 2007. A Finder's fee of $800,000 was paid in connection with this financing.

Proceeds from this financing will be used to accelerate the Company's Phase II plans at the Max Molybdenum project.


David J. Skerlec - Chief Financial Officer

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

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