ROSS RIVER
MINERALS INC. - PRESS RELEASE
December 6, 2007
FINANCING ARRANGED
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 3,000,000 units at a price of
$0.10 per Unit for total maximum gross proceeds of $300,000. Each Unit will
consist of one common share and one-half non-transferable share purchase
warrant. Each full warrant entitles the holder to acquire a common share for a
period of one year from closing at a price of $0.15 per share. The Company will
pay a finder's fee on closing of up to 8% 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 exploration expenditures on the Jutamos copper/gold prospect located on the Company's 200 kilometre El Pulpo property and general working capital.
The Board of Directors of
the Company has also agreed with the President to extend the repayment of his
convertible loan in the amount of $200,000 to December 31, 2008, all other
terms and conditions remain the same.
This private placement and
loan extension are 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.
The TSX Venture Exchange
has not reviewed and does not accept responsibility for the accuracy or the
adequacy 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.
This news release contains
certain statements that may be deemed "forward-looking statements". All
statements in this release, other than statements of historical fact, that
address events or developments that the Company expects to occur, are forward
looking statements. Forward looking statements are statements that are not
historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates",
"believes", "intends", "allocated",
"estimates", "projects", "potential" and similar
expressions, or that events or conditions "will", "would",
"may", "could", "should" or are "subject
to" occur. Although the Company believes the expectations expressed in
such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance and actual results may
differ materially from those in the forward-looking statements. Factors that
could cause the actual results to differ materially from those in
forward-looking statements include market prices, exploitation and exploration
successes, continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned that any such
statements are not guarantees of future performance and actual results or
developments may differ materially from those projected in the forward-looking
statements. Forward looking statements are based on the beliefs, estimates and
opinions of the Company's management on the date the statements are made. The
Company undertakes no obligation to update these forward-looking statements in
the event that management's beliefs, estimates or opinions, or other factors,
should change.
ROSS RIVER MINERALS INC.
#1004 -- 750 West Pender Street
Vancouver, BC V6C 2T7
Tel: 604-682-2770 / Fax: 604-682-2331
Copyright ROSS RIVER
MINERALS INC All Rights Reserved. . 