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Rocmec Acquires 99 Additional Mining Claims Surrounding Its Rocmec 1 Gold Property

^{Published on 2009-11-25 09:59:30 - Market Wire}
 

VAUDREUIL-DORION, QUEBEC--(Marketwire - Nov. 25, 2009) - Rocmec Mining inc. (the "Company") (TSX VENTURE:RMI)(FRANKFURT:D5O), is pleased to announce that it has acquired 99 additional mining claims from Dasserat Resources Inc. The mining claims are adjacent to the 11 mining claims currently owned by Rocmec, on which it's Rocmec 1 gold property is located. These acquisitions increase the total surface area of the Rocmec 1 gold property from 83 hectares to 3,454 hectares. A large number of the newly acquired mining claims have the same orientation whether in continuity or at depth with known gold structures at Rocmec 1. The fact of significantly increasing the size of the property also increases the chances of discovering new mineralised structures.

In order to complete the transaction Rocmec will issue 12 million common shares and cash payments totalling $500,000 as follows; $50,000 at closing, $25,000 on both November 30th and December 31st, 2009, $25,000 on March 31st, 2010, $50,000 on June 30th, 2010, $25,000 on September 30th, 2010 and the remaining balance of $300,000 on November 15th, 2010. Additionally, Rocmec will pay a 2% NSR royalty on ounces produced from the acquired mining claims and the royalty is redeemable on demand for an amount of 2 million dollars.

In order to unlock the full potential of the Rocmec 1 gold property, management in collaboration with SGS Geostat Ltee have initiated an exploration programme that includes diamond drilling, mapping and a revision of all the available documentation pertaining to the newly acquired mining claims. To complete part of the work, Rocmec announces a private placement of 7,923,426 flow-through shares at a price of $0.105 per flow-through share and 983,333 flow-through units of the Company, at a purchase price of $0,12 per FT Unit. Each FT Unit being comprised of one flow-through common share of the Company and one-half of one non-flow-through common share purchase warrant, each whole common share purchase warrant of the Company is exercisable into one common share of the Company at a price of $0.15 per common share for a period of 24 months from the date of the issue of the FT Units. The total subscription amount is $949,960. The private placement is subject to final TSX Venture Exchange acceptance for filing. All securities issued are subject to a four-month hold period from the closing date expiring on March 25th, 2010.

"The acquisition of these additional mining claims will without a doubt have a positive impact on the prefeasibility study currently being prepared for our Rocmec 1 gold property" stated Mr. Donald Brisebois, President and CEO of Rocmec Mining Inc.

The acquisition of the above mentioned mining claims is subject to the approval of the regulatory bodies having jurisdiction over the shares of Rocmec and also the TSX-Venture Exchange.

The Rocmec 1 Gold Property

The Rocmec 1 gold property is located in the Dasserat Township, some 36 km west of Rouyn-Noranda (Quebec) in the Abitibi region of Quebec, in close proximity to two World-Class Mining Camps, the Rouyn-Noranda Copper Gold Camp to the SE in Quebec, and the Kirkland Lake / Larder Lake Gold Camp to the SW in Ontario.

The gold mineralization at the Rocmec 1 property is linked to E-NE, centimetric and metric wide quartz veins within a kilometric long by 600 m wide gabbro to granodiorite intrusive host. There are at least six major vein systems identified on the property; however, recent underground work by the Company has confirmed that several veins are likely part of the same system, simply offset by north trending faults. The veins are part of diverging / converging or an anastomosing fracture system than includes shearing, alteration (silica, chlorite, sericite, epidote and carbonate) and 2 to 10% disseminated and vein-type pyrite that can attain overall widths in excess of 30 m.

A technical report (dated March 19, 2007), compliant with National Instrument (NI) 43-101 standards of disclosure, was prepared by Systemes Geostat International Inc. of Blainville (Quebec) identified mineral resources of 521,800 tonnes @ 5.15 g/t gold (86,550 ounces of gold) in the Measured and Indicated Resources category. There is an additional 2,250,000 tonnes @ 6.32 g/t gold (456,900 ounces of gold) in the Inferred Resources category.

Additional information on the Rocmec 1 property including photos of core samples from the Boucher structure is available at [ http://www.rocmecmines.com/rocmec1_ang.asp ]

About Rocmec Mining Inc.

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 high-grade narrow vein precious metal properties. The Company's shares are listed on the TSX-Venture (RMI) and the FSE (D5O) exchange.

Rocmec's growth strategy is to focus on the development of quality assets that will significantly enhance shareholder value. Exploitation of high-grade narrow vein precious metal properties 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 the company's Rocmec I property are an excellent example of this strategy.

Thermal fragmentation...mining ounces not TONNES!

The Thermal Fragmentation Mining Method video can be viewed on Rocmec's website or by clicking the following link: [ http://www.rocmecmines.com/video_an.asp ]

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Corporation expects, are forward looking statements. Although the Corporation believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.