ROSCAN MINERALS CORPORATION
TSX VENTURE : ROS

March 26, 2008 11:28 ET

RosCan Announces Appointment of Directors

TORONTO, ONTARIO--(Marketwire - March 26, 2008) -

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO ANY U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA.

ROSCAN MINERALS CORPORATION ("RosCan")(TSX VENTURE:ROS) announces that Michael Kelly and Mark McMurdie have been appointed as directors of RosCan.

Mr. Kelly is a professional engineer and has been Vice-President Operations of Rio Tinto's Diavik Diamond Mines since 2006 and is responsible for all mining, processing and support service activities at the 10,000 t.p.d. operation consisting of two open pits and underground operations. Mr. Kelly previously served as Vice-President Mining for INCO Ltd. at the Birchtree Mine, T1 and T3 mines, as well as the open pit operation. Prior to working with INCO Ltd., Mr. Kelly was the Vice-President and General Manager for Kinross Gold Corp. & High River Gold Mines Ltd. at the New Britannia Mine, in Snow Lake, Manitoba.

Mr. McMurdie is a certified management accountant and has been the Director of Finance for Kwik Kopy Printing Canada Corp. since 1998 and currently serves as RosCan's Chief Financial Officer.

In connection with Mr. Kelly's appointment, 150,000 stock options have been granted with an exercise price of $0.75, expiring on March 25, 2013. The stock option vest as to one-third immediately, one-third on the first anniversary of grant and the balance on the second anniversary of grant.

RosCan is a development stage mineral exploration company, focused on the acquisition, exploration and development of advanced mineral properties located in Russia, Mongolia and adjacent countries. RosCan continues to actively evaluate opportunities to acquire advanced mineral properties/projects in the geographical areas. RosCan is considering the acquisition of an advanced mineral property/project in Russia and believes it will be in a position to make the acquisition, during the third quarter of fiscal 2008.

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements. Such forward-looking statements include comments regarding acquisitions, mineral resource statements and exploration program performance.

Shares Outstanding: 26,699,573

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

Contact Information

  • RosCan Minerals Corporation
    Mark McMurdie
    (416) 293-8437
    (416) 293-3957 (FAX)
    Email: info@roscan.ca
    or
    Cobblestone Communications Inc.
    William Chymyck
    (519) 851-2242
    (519) 642-0839 (FAX)
    Email: wchymyck@rogers.com