Rocmec Improves its Exclusive Licensing Agreement With Rocmec International and Completes a Series of Investment Transactions.

POINTE-CLAIRE, Quebec -- Rocmec Mining Inc. (Rocmec Mining) (TSX VENTURE:RMI) is pleased to announce, subject to approval from theTSX-Venture exchange, that it has concluded a series of transactions aimed at readjusting the exclusive thermal fragmentation licensing agreement with Rocmec International inc. In accordance with the transactions, Rocmec Mining acquires all the equipment from Rocmec International, reduces royality payments on ounces produced by way of thermal fragmentation and eliminates the minimal guaranteed royality payments. In return, Rocmec Mining will take on certain financial obligations of Rocmec International.

License modification and equipment acquisition

Rocmec Mining acquired all the equipment from Rocmec International. The equipment includes the thermal fragmentors and accessories, vacuum equipment and various types of small equipment. The Company entered into a new exclusive licensing agreement that sets royalty payments at $15,00 per ounce produced by way of thermal fragmentation, eliminates the minimal guaranteed royalty payments and terminates the indemnity agreement. Furthermore, Rocmec International agrees to offer to Desjardins-Innovatech S.E.C. a mortgage on its intellectual property and in turn Rocmec Mining will offer an open mortgage to Rocmec International.

Compensation

In return, Rocmec Mining will take on certain obligations of Rocmec International totalling $2,018,345. A total of 6,450,00 common shares will be issued at an average price of $0.29 and 1,000,000 warrants, as detailed below:

A debenture with TCG Ressources inc. including accrued interest. The debenture is reimbursable by the issuance of 2,025,000 common shares of Rocmec having a reputed value of $481,950.

A debenture with Soccrent Nouvelles Technologies including accrued interest and management fees. The debenture is reimbursable by the issuance of 900,000 common shares of Rocmec having a reputed value of $222,019.

Two debentures with the James-Bay Development Society including accrued interest and royalties. The debentures are reimbursable by the issuance of 3,525,000 common shares of Rocmec having a reputed value of $1,163,860 and 1,000,000 warrants. Warrants will be valid for 18 months and will enable the subscriber to acquire one common share at a price $0.25. Additionally, Rocmec will take on 2 loans secured by equipment included in the sale for an amount totaling $150,515.92.

Desjardins-Innovatech Transaction

The transaction provides for the issuance of a first tranche of five $100,000 debentures and a second tranche of five $100,000 debentures. The terms and conditions of the investment proposed by Desjardins-Innovatech are resumed as follows: the issuance of ten debentures of $100,000 each, with an annual interest rate of 12%, payable monthly, reimbursable at different maturity dates between the 18th month following the date of disbursement and the 54th month. The debentures numbered one to five will mature respectively 18, 24, 30, 36 and 42 months following the date of issuance. The debentures numbered six to ten will mature respectively 30, 36, 42, 48 and 54 months following the date of issuance. The debentures are convertible into common shares with conversion prices ranging between $0.23 and $0.28. Desjardins-Innovatech, subject the regulatory approval, may request that interest payments be paid in common shares.

The second tranche will be made no later than six months following the date of the current transaction.

Abitibi-Temiscamingue solidarity FTQ fund, limited partnership Transaction

Rocmec Mining is pleased to announce the closing of the transaction with the Abitibi-Temiscamingue solidarity FTQ fund, limited partnership. The terms and conditions proposed by the Fund are resumed as follows: Issuance of a $200,000 convertible debenture, with an annual interest rate of 12%, payable each semester, in common shares, reimbursable 36 months following the date of issuance. The debenture is convertible into common shares with conversion prices ranging between $0.23 and $0.25. Subject the regulatory approval, interest payments may be paid in common shares.

Flow-through financing transaction

Subject to regulatory approval, Rocmec Mining announces that it intends to proceed with a flow-through private placement of 850,000 common shares priced at $0.30 for total proceeds of $255,000. A cash commission of $25,500 was paid. 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.

Proceeds will be used to further the development of our Russian Kid gold mine.

All of the above transactions are subject to the approval of the TSX-Venture exchange.

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 it's 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 Russian Kid property are an excellent example of this strategy.

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 TSX Venture Exchange has not reviewed and does not accept resp onsibility for the adequacy or accuracy of this release.

Rocmec Mining Corporation Inc. (TSX VENTURE:RMI)