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| May 11, 2010 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 6,000,000 units at a price of $0.05 per Unit for total maximum gross proceeds of $300,000. 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. In addition the Company will issue 300,000 broker warrants on the same terms and conditions as the warrants in the financing. The net proceeds from this private placement will be used for general working capital and exploration expenditures on its El Pulpo property. This financing is expected to close by May 18, 2010. This private placement is subject to acceptance by the TSX Venture Exchange. The second tranche of the previously announced private placement (see press releases dated December 23, 2009 and February 4, 2010) has been cancelled. 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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