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) announces that it
has received notice from the TSX Venture Exchange ("TSXV") that effective the
opening of trading on October 5, 2012 the Company's stock exchange listing will
be transferred to the NEX board of the TSXV ("NEX") as a result of the Company
not being able to evidence its ability to meet the Tier 2 Listing Requirements
of the TSXV. The Company's common shares will trade under the symbol ROS.H. 


There will be no change in the Company's name, no change in its CUSIP number and
no consolidation of capital. The Company will be subject to restrictions on
share issuances and certain types of payments as set out in the NEX policies.
The Filing and Service Office will change from Toronto to NEX.


NEX is a separate board of the TSXV designed to provide a trading forum for
publically listed companies while they assess their business plans, operations,
and formulate a strategy to reactivate their businesses for future growth. 


The Company continues to explore acquisitions and business opportunities and the
transfer of its listing to the NEX will not materially impact its strategy. The
Company wishes to thank its shareholders for their continued support and
patience throughout this process.


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: 28,299,573

Roscan Gold (TSXV:ROS)
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