ROS Roscan Gold Corporation

Roscan Minerals Corporation (the "Company") (TSX VENTURE:ROS.H) announces that
it has closed its previously announced non-brokered private placement (the
"Offering") of 1,800,000 units at a price of $0.05 per unit for aggregate
subscription proceeds of CDN$90,000. Each unit is 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 12 months from the
date of issuance. The securities issued pursuant to the Offering are subject to
a four-month hold period. The financing remains subject to final acceptance by
the TSX Venture Exchange (the "TSXV").


Insiders of the Company subscribed for 931,000 units in the Offering on the same
terms as other participants and the shareholdings of these individuals will
increase as a result of their participation. Since insiders purchased more than
25% of the Offering, the Company has conditionally closed these subscriptions,
subject to final approval of the TSXV. Proceeds from the Offering 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: 33,766,075 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Roscan Minerals Corporation
Don Whalen
Director
(416) 293-8437
(416) 293-3957 (FAX)
info@roscan.ca


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

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