Rodinia Minerals Inc.

Rodinia Minerals Inc.

March 09, 2005 19:10 ET

Rodinia Graduates to Tier 2 and Completes $1,300,000 Financing


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: RODINIA MINERALS INC.

TSX VENTURE SYMBOL: RM

MARCH 9, 2005 - 19:10 ET

Rodinia Graduates to Tier 2 and Completes $1,300,000
Financing

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 9, 2005) - Rodinia
Minerals Inc. (TSX VENTURE:RM)

THIS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES.

Rodinia Minerals Inc. (the "Company") is pleased to announce that,
further to its graduation to Tier 2 of the TSX Venture Exchange on
February 25, 2005, the Company has completed its previously announced
brokered private placement. The Company has received gross proceeds of
$1,300,000 on the private placement of 2,000,000 units at a price of
$0.65 per unit through Haywood Securities Inc. as Agent. Each unit (a
"Unit") consists of one common share of the Company and one-half
transferable common share purchase warrant, each full warrant entitling
the purchase of one common share of the Company at a price of $0.80 per
share in the first year and $0.90 per share in the second year.

The Company paid a 7.5% fee by issuing 150,000 shares and
non-transferable warrants to purchase up to 75,000 shares on the same
terms as for the warrants included in the Units, and granted a
non-transferable option to purchase up to 200,000 Units at a price of
$0.65 per Unit. The Company also paid a corporate finance fee of 30,000
Units.

Funds from the placement will be used to accelerate the exploration
program on the Workman Creek deposit, commence exploration on other
recently staked properties in Gila County, Arizona, and for general
working capital purposes.

In accordance with applicable securities laws, all securities issued in
connection with the private placement are subject to a hold period
expiring July 3, 2005.

The Company is also pleased to announce that, while the transaction
cannot close until the Company graduates to Tier 1 on the TSX Venture
Exchange, the TSX Venture Exchange has accepted for filing the
previously announced transaction with Cooper Minerals Inc. in respect of
the Workman Creek Uranium Project.

ON BEHALF OF THE BOARD

RODINIA MINERALS INC.

Donald Morrison, President

Issued and Outstanding: 8,540,355

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Rodinia Minerals Inc.
    Donald Morrison
    President
    (604) 518-8294
    (604) 688-9611 (FAX)
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of this release.