ROCA Announces Closing of Private Placement

TSX-V: ROK

VANCOUVER, Nov. 15 /CNW/ - Roca Mines Inc. (TSX-V: ROK) ("Roca" or "the Company") announces that it has closed a private placement for gross proceeds of $5.1 million through the issuance of 20.4 million units at a price of $0.25 per unit.

Each unit issued consists of one common share of the Company and one half of a common share purchase warrant. Each full warrant entitles the holder to purchase an additional common share of the Company at a price of $0.30 through November for 12, 2011.

A total of $223,000 in cash is to be paid and 1,248,800 warrants issued to various finders in connection with this financing, the finder's warrants also exercisable through November 12, 2011 at $0.30 per common share. All securities issued under this private placement are subject to hold period expiring March 13, 2011.

Proceeds from the financing will be used for general working capital and to complete rehabilitation and required development work following the sill pillar collapse that occurred in September at the MAX Molybdenum Mine.

ROCA MINES INC.

"David Skerlec"

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David J. Skerlec - Chief Financial Officer

Neither the 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.

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