Rocmec Mining Inc.

Rocmec Mining Inc.

March 23, 2007 17:30 ET

Rocmec Announces Out of Court Settlement with Gold Bullion Development Corp.

POINTE-CLAIRE, QUEBEC--(CCNMatthews - March 23, 2007) - Rocmec Mining Inc. "Rocmec" or the "Company" (TSX VENTURE:RMI) would like to inform its shareholders that it has reached an out of court settlement with Gold Bullion Development Corp. (formerly Consolidated Big Valley Resources Inc.). In compensation for an amount of $325,000 that was remitted to Rocmec's legal counsel on March 20th, 2007, Rocmec will cease all legal action that was initiated against Gold Bullion Development Corp. (formerly Consolidated Big Valley Resources Inc.) and others.

Subject to the approval of the TSX Venture stock exchange, Rocmec announces that it has concluded a private placement of $633,650 through the sale of 3,015,000 common share units. A cash commission totalling $61,215 was paid.

All the securities issued in virtue of the placement are subject to certain resale restrictions imposed under the applicable securities laws, which require that the securities not be traded for a period of four months.


"Donald Brisebois"


About Rocmec Mining Inc.

Rocmec Mining 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 company's growth strategy is to focus on the development of quality assets that will significantly enhance shareholder value. The exploitation of narrow high-grade vein deposits with its exclusive thermal fragmentation process should enable the Company to demonstrate the economic plus-value of this technology. The acquisition, development and future exploitation activities at the recently acquired Rocmec I (Russian Kid) property subscribe to this objective.

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