Rocmec Mining Inc.
TSX VENTURE : RMI
FRANKFURT : D5O
FRANKFURT : D50

Rocmec Mining Inc.

March 14, 2008 13:54 ET

Rocmec Obtains Patents for Thermal Fragmentation in Mexico and Russia

POINTE-CLAIRE, QUEBEC--(Marketwire - March 14, 2008) - Rocmec Mining inc. (TSX VENTURE:RMI)(FRANKFURT:D5O) is pleased to announce that it has received confirmation from its patent agent, Ogilvy Renaud that patent filings pertaining to Rocmec's thermal fragmentation process for Mexico and Russia have been accepted. The patent number for Mexico is PA/a/2005/005613 dated May 25th, 2005 and the patent number for Russia is 2005120014 dated June 24th, 2006. These new patents are in addition to the ones previously obtained for the United States, Canada, Morocco and South Africa. Acceptance of patents filed for Australia, Brazil and China are still pending however management is confident that they will be received before the end of 2008.

The newly obtained patents once again clearly demonstrate the originality of the process employed by Rocmec to extract with the help of a very powerful burner precious metals within narrow-vein ore bodies. Before granting such a patent, patent offices conduct complex and very comprehensive research as they must comply with strict and rigorous analytical standards.

Subject to the approval of the TSX Venture stock exchange, Rocmec announces that it has closed a private placement consisting of 666,666 flow-through units ("FT Units") at a price of $0.18 per FT Unit for gross proceeds of $120,000. Each FT Unit is comprised of one flow-through common share of the Company and one-half transferable non-flow-through share purchase warrant. Each full share purchase warrant entitles its holder thereof to purchase one additional common share of the Company at a price of $0.24 for a period of 24 months from the closing date.

Subject to the approval of the TSX Venture stock exchange, Rocmec announces that it has closed a private placement consisting of 613,000 common share of the Company at a price of $0.10 per Unit for gross proceeds of $61,300. Each Unit is comprised of one common share of the Company and one-half transferable share purchase warrant. Each full share purchase warrant entitles its holder thereof to purchase one additional common share of the Company at a price of $0.18 for a period of 24 months from the closing date.

Cash commissions of $17,000 were paid. All the securities issued in virtue of this 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.

Rocmec Mining's growth strategy is focused on developing quality assets that will significantly enhance shareholder value by using the thermal fragmentation method throughout the Americas to extract narrow vein ore bodies. By utilising the thermal fragmentation method in combination with conventional mining methods, the company aims to become a mid-tier gold producer. In addition, by providing service agreements, the company intends to generate additional revenue and accelerate the spread of this unique technology.

"Thermal fragmentation - the way of the future for mining narrow high-grade veins"

About Rocmec Mining

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 positions it as the partner of choice for the development of narrow high-grade precious metal quartz vein projects. The Company's shares are listed on the TSX-Venture (RMI) and the FSE (D5O) exchange.

Statements in this release that are not historical facts are "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results may vary materially from those in these "forward-looking statements".

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

Contact Information

  • Rocmec Mining Corporation Inc.
    Mr. John Stella
    Manager Investor Relations
    514-428-4185
    514-630-6989 (FAX)
    514-718-7976 (cell)
    jstella@rocmecmines.com/www.rocmecmines.com