Roscan Minerals Corporation Announces Proposed Private Placement

Fri Jan 25, 2013 7:39pm EST

* Reuters is not responsible for the content in this press release.

  TORONTO, ONTARIO, Jan 25 (MARKET WIRE) --
Roscan Minerals Corporation (the "Company") (TSX VENTURE:ROS.H) announces
that it intends to complete a non-brokered private placement of up to
1,800,000 units at a price of $0.05 per unit for aggregate subscription
proceeds of up to CDN$90,000. Each unit will be comprised of one common
share and one common share purchase warrant. Each warrant will entitle
the holder to acquire one common share at a price of $0.10 for a period
of five years from the date of issuance. The financing is subject to
regulatory approval including approval from the TSX Venture Exchange.

    Certain non-arm's length subscribers will participate in the private
placement on the same terms as other participants and the shareholdings
of these individuals will increase as a result of their participation.
Proceeds from the financing will be used for general working capital
purposes. 

    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: 31,966,075

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

Contacts:
Roscan Minerals Corporation
Don Whalen
Director
(416) 293-8437
(416) 293-3957 (FAX)

Roscan Minerals Corporation
Mark McMurdie
CFO
(416) 293-8437
(416) 293-3957 (FAX)
info@roscan.ca

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