Roscan Announces Closing of Private Placement

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 (the "Company") (TSX VENTURE:ROS) is pleased to
announce the completion of a private placement of 1,400,000 units at a price of
$0.10 per unit for gross proceeds of $140,000. Each unit consists of one common
share of the Company and one common share purchase warrant. Each warrant will
entitle the holder thereof to purchase one additional common share for a period
of two years at a price of $0.15 per share. The securities issued pursuant to
the private placement are subject to a four-month hold period. 


The funds raised will be used to satisfy current payables and for general
working capital. The financing is subject to final acceptance by the TSX Venture
Exchange.


Insiders of the Company acquired a total of 1,000,000 units in the private
placement. The Company is relying on exemptions from the formal valuation and
minority shareholder approval requirements of Multilateral Instrument 61-101
based on the fair market value of insider participation not exceeding 25% of the
Company's market capitalization and the fact that the common shares of the
Company are listed on the TSX Venture Exchange. A material change report in
connection with the private placement will be filed less than 21 days before the
closing of the private placement. This shorter period is reasonable and
necessary in the circumstances as the Company wished to complete the private
placement in a timely manner in order to pay its creditors as soon as possible. 


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 the private placement and
use of funds. 


Shares Outstanding: 28,299,575

Roscan Gold (TSXV:ROS)
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