Rocmec Mining Inc.

Rocmec Mining Inc.

March 28, 2006 09:16 ET

Rocmec Announces Closing of Financings with Desjardins-Innovatech S.E.C. and the Solidarity Fund

POINTE-CLAIRE, QUEBEC--(CCNMatthews - March 28, 2006) - Rocmec Mining inc. ("Rocmec") (TSX VENTURE:RMI) is pleased to annouce the closing of financings with Desjardins-Innovatech S.E.C. and the Solidarity Fund totalling $700,000 as previously announced by way of a press release dated March 3rd, 2006.

Subject to the approval of TSX Venture Exchange, Rocmec announces that it has concluded agreements with qualified investors for the issuance of four $100,000 convertible debentures. The terms and conditions of the proposed investment are resumed as follows: the issuance of debentures of $100,000 each, with an annual interest rate of 12%, payable quarterly, reimbursable at maturity 36 months following their issuance. The debentures are redeemable at all times with a penalty equal to three months interest and are convertible into common shares at the will of the issuer, at the market price on the date of conversion subject to a minimum price of $0.22. The holders, subject with the approval of the lawful authorities, may request that interest payments be paid in common shares.

Subject to the approval of TSX Venture Exchange, the company also wishes to announce that it has acquired 6 mining claims from a prospector in exchange for 275,000 common shares. The claims are located in the Tiblemont township of Abitibi, Quebec, an area favourable for vein deposits and in close proximity to Rocmec's Denain and Vauquelin properties.

Update of work activities at Russian Kid

Management reports that drilling of pilot holes has begun on the M-1A work block on the 150' level. The drilling constitutes preparatory work for thermal fragmentation. Preparation of additional work blocks is underway, as well as sampling of a stockpile of mineralised rock located on the 300' level and sampling of the veins accessible on the same level.

Rocmec's growth strategy is to focus on the development of quality assets that will significantly enhance shareholder value. Exploitation of narrow high-grade precious metal veins with it's exclusive thermal fragmentation process coupled with conventional mining methods will lead the Company in becoming a mid-size gold producer. The acquisition, development and future exploitation activities at the recently acquired Russian Kid property are an excellent example of this strategy.

Rocmec Mining Corporation Inc. is a Canadian junior exploration company actively involved in the acquisition, exploration and development of precious metal projects. The Company's exclusive thermal fragmentation process combined with its growth strategy place it as the partner of choice for the development of narrow high-grade precious metal quartz vein properties. The Company is listed on the TSX-Venture exchange and trades under the symbol: RMI

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

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