ROCA Announces Financing to Re-Start Operations at MAX Mine

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TSX-V: ROK

VANCOUVER, Oct. 4 /CNW/ - Roca Mines Inc. (TSX-V: ROK) ("Roca" or "the Company") announces that it will be completing a private placement for gross proceeds of up to $5 million through the issuance of 20 million units at a price of $0.25 per unit.

Each unit will consist of one common share of the Company and one half of a common share purchase warrant. Each full warrant will entitle the holder to purchase an additional common share of the Company at a price of $0.30 for 12 months following closing. All securities issued under this private placement will be subject to a four month hold period.

The private placement will be conducted on a non-brokered basis. Finders' fees payable in cash and/or securities will be paid upon completion of this financing, which remains subject to regulatory approval.

Proceeds from the financing will be used for general working capital and to complete rehabilitation and development work required following the sill pillar collapse that occurred ten days ago at the MAX molybdenum mine. Management is focused on having its crews return to work and to reopening the mine as soon as possible.

    
                               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.

For further information: Investor Relations, Tel: [phone], Fax: [phone], Email: [email protected], Web: www.rocamines.com