Roca Mines Inc.

Roca Mines Inc.

March 22, 2006 17:35 ET

Roca Mines Inc.: $2 Million Private Placement Closes

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 22, 2006) - Roca Mines Inc. ("Roca" or the "Company") (TSX VENTURE:ROK) announces that the private placement announced on March 1, 2006 has now closed. 5,000,000 common shares have been issued at a price of $0.40 per share raising gross proceeds of $2 million. 175,000 common shares were issued to Thomas O'Brien and 175,000 common shares were issued to Salman Partners Inc. as finder's fees. There were no warrants issued in connection with private placement. All common shares issued are subject to a hold period expiring on July 22, 2006.

Proceeds of the private placement will be used for general working capital and to finance further development of the Company's MAX Molybdenum Project, located 60 kilometres (36 miles) southeast of Revelstoke, British Columbia, Canada.


Scott E. Broughton, P.Eng. - President & CEO

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

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