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| December 23, 2009 New Financing | |
| Vancouver, BC: Ross River Minerals Inc. (TSX-V: RRM) (the "Company") is pleased to announce that it has arranged a non-brokered private placement by the sale of up to 10,000,000 units at a price of $0.05 per Unit for total maximum gross proceeds of $500,000. Each Unit will consist of one common share and a non-transferable share purchase warrant. Each warrant entitles the holder to acquire a common share for a period of six months from closing at a price of $0.10 per share and $0.15 per share in the following eighteen months. The Company will pay a finder's fee on closing of up to 10% on a portion of the gross proceeds, in cash or in units or any combination thereof. The net proceeds from this private placement will be used for general working capital. This financing is expected to close by January 31, 2010 and may close in tranches. This private placement is subject to acceptance by the TSX Venture Exchange. The Company has also agreed with the President of the Company to amend the terms of the loan agreement, as amended, by extending the loan conversion date to December 31, 2010 (see press releases dated February 12, 2007, December 6, 2007 and May 4, 2009). This amendment is subject to acceptance by the TSX Venture Exchange. ROSS RIVER MINERALS INC. Per: "Marcus N. Foster" Marcus N. Foster, President To find out more about Ross River Minerals (TSX-V: RRM) visit our website at www.rossriverminerals.com. Neither 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. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered in the United States Securities Act of 1933, as amended (the "US Securities Act") or any state securities laws and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable securities laws or an exemption from such registration is available. | |
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