Roca Mines Inc.
TSX VENTURE : ROK

Roca Mines Inc.

June 15, 2005 17:34 ET

Roca Mines Inc.: $1.05 Million Private Placement

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - June 15, 2005) - Roca Mines Inc. ("the Company") (TSX VENTURE:ROK) announces that it will complete a non-brokered private placement for gross proceeds of up to $1.05 million, through the issuance of 3.5 million units to be issued on a flow-through basis. The flow-through units will be priced at $0.30 each and will consist of one flow-through common share and one half of one share purchase warrant, each full warrant entitling the holder to acquire an additional non-flow-through common share for twelve months following closing at price of $0.35 for the first six months and at $0.40 for the balance of the twelve month term. Finders' fees payable in cash and/or securities will be paid on closing in connection with certain of the placees.

Proceeds from the sale of the units will be used for continuing exploration at the Company's MAX Molybdenum Project near Revelstoke, British Columbia and the FOREMORE VMS-Gold Project near the Eskay Creek Mine in northwestern B.C. The private placement is subject to regulatory approval.

ROCA MINES INC.

David J. Skerlec - Chief Financial Officer


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