Rockhaven Resources Ltd.
TSX VENTURE : RK

Rockhaven Resources Ltd.

July 03, 2012 10:22 ET

Rockhaven Resources Ltd. Announces Flow-Through Private Placement Financing

Klaza Gold Silver Project-Yukon

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 3, 2012) - Rockhaven Resources Ltd. (TSX VENTURE:RK) ("Rockhaven") announces that it intends to raise up to $2,016,000 by way of a non-brokered private placement. The financing will consist of the sale of up to 5,600,000 Flow-Through Shares ("Shares") at a price of $0.36 per share. Strategic Metals Ltd. ("Strategic") will retain its 25.8% equity interest in Rockhaven by purchasing 1,446,655 Shares. Upon the closing of the private placement, Strategic will own 13,523,155 shares of Rockhaven.

Rockhaven has agreed to allocate a portion of the placement to subscribers identified by Axemen Resource Capital Ltd., an exempt market dealer, and by other exempt market or investment dealers (individually, a "Finder"). Rockhaven will pay a finder's fee to the Finders equal to 5% of the gross proceeds raised, payable in either cash or by the issuance of common shares of Rockhaven, at the option of the Finder.

Proceeds will be used to increase the scale of the 2012 Klaza exploration program from 8,000 m to up to 16,000 m of diamond drilling. There are currently 3 drills operating on site, with 11 completed drill holes. Assay results will be released when received.

Closing of the private placement is anticipated to occur on or about July 20, 2012 and is subject to TSX Venture Exchange acceptance. Securities issued under the private placement will be subject to a hold period which will expire 4 months and one day from the date of closing.

About Rockhaven Resources Ltd.

Rockhaven has interests in a number of projects in Yukon and is focused on growth through exploration of its wholly-owned Klaza gold-silver property located in the Dawson Gold Belt of southwestern Yukon. This road-accessible project hosts high-grade and bulk-tonnage gold-silver mineralization in four known zones, all of which remain open to expansion. Trench assay results, together with geochemical and geophysical data, indicate additional potential for new discoveries. The 60 sq km Klaza project is located in an under-explored part of the Dawson Gold Belt, south of Kaminak Gold Corporation's Coffee project.

For additional information on Rockhaven or its various exploration projects please visit the website at www.rockhavenresources.com.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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