Rocmec Mining Inc.

Rocmec Mining Inc.

November 01, 2006 09:31 ET

Rocmec Entrusts its Mine Development to Dumas Contracting Ltd. and Options its Denain Property to Autanabi Resources

POINTE-CLAIRE, QUEBEC--(CCNMatthews - Nov. 1, 2006) - Rocmec Mining Inc. (TSX VENTURE:RMI) is pleased to announce that it has signed a contract agreement with Dumas Contracting Ltd. (Dumas), a mining contractor located in Timmins, Ontario. The contract stipulates that Dumas will supply a qualified workforce and all necessary equipment to undertake drift development and drilling of pilot-holes for the thermal fragmentation process.

Dumas's reputation is well established within the mining industry. He is one of the leading mining contractors in North America with more than 700 employees.

Following a recent visit to the Rocmec 1 mine site, Mr. Daniel Dumas, President of Dumas Contracting Ltd., stated that he was very impressed with the functioning of thermal fragmentation unit and views the process as an innovative extraction method for narrow vein ore bodies.

Rocmec is also pleased to announce that it has granted an option to sell 85% of its Denain property. The property is located approximately 60 km east of Val-d'Or, Quebec and is comprised two contiguous mining properties (Venpar and Vauquelin) totaling 24 mining titles.

The option was granted to Autanabi Resources of Montreal, Quebec for a period of 24 months starting September 1st, 2006 and includes the following terms. The option calls for a cash payment to Rocmec of $5,000 upon signature of the agreement, the issuance of 100,000 common shares during the first year, the issuance of an additional 300,000 common shares no later than 18 months following the signature of the agreement and a cash payment of $2,400,000 within 24 months of the signature of the agreement. Furthermore, a 2.5% NSR is also included in the agreement.

The option agreement is conditional to the approval of Autanabi Resources's Board of Directors and regulatory authorities having jurisdiction over this transaction.

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 quartz veins with its 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 Rocmec I (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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