VANCOUVER, BRITISH COLUMBIA, Jun 26, 2008 (Marketwire via COMTEX News Network) --
Rocher Deboule Minerals Corp. (TSX VENTURE:RD)(PINK SHEETS:RDBHF) ("Rocher" or the "Company") reports that subject to regulatory approval it has entered into a letter of intent with Rain Investments, Ltd. a corporation that is arms length to the Company, pursuant to which the Company has acquired 12 coal permit applications (9,300 hectares) in two separate areas 100 kilometers apart and called the "coal outcrop" and the "30/14" property. The properties are located approximately 300 kilometers northwest of the Goldsource coal discovery (26 meters (86.3 feet) and 32.5 meters (106.6 feet)). The 30/14 property contains two coal intercepts 17 km apart, containing a 14 ft (4.27 meters) intercept in the north portion starting at 630 feet and a 30 ft (9.15 meters) intercept in the south portion starting at 720 feet. The coal outcrop property contains outcrop at Wapaneka Lake which were not considered economic but significant when considered along with the other coal outcrop and occurrence at depth, in that they may indicate the northern edge of a coal field lying to the south, southwest and west of Wapaneka Lake (contained in a Report dated January, 1961 titled "Silica Sand and Coal Occurrence's on Wapaneka Lake" by W. D Pearson for the Department of Mineral Resource Mine Branch Geology Division for the Province of Saskatchewan).
Neither the rank nor the grade of the coal has been determined and the drill logs have not been obtained by the Company.
Note that the above information on historic work performed on the property was done prior to implementation of National Instrument 43-101; therefore, the results spoken of do not comply with modern reporting standards and should not be relied upon until such time as additional work is completed on the property, including preparation of a National Instrument 43-101 report.
The coal permits are underlain by sandstones and shales of the Cretaceous-aged Mannville group.
The Company has made 49 coal disposition applications entailing 37,632 hectares (92,951 acres) in the vicinity of the "30/14" and "coal outcrop" properties.
Cost of the acquisition includes the payment of $420,000 and the issuance of 2.5 million shares of the company on the following schedule:
- pay the sum of $20,000 on the signing of the Letter of Intent; and
- $150,000 and the issuance to the Vendor of 1,000,000 common shares of the Company on TSX Venture Exchange approval of the agreement, which will be subject to a four month and one day hold period;
- $250,000 and the issuance to the Vendor of 1,500,000 common shares of the Company six months after the date of TSX Venture Exchange approval of the agreement, which will be subject to a four month and one day hold period;
- The Vendors will retain a flat rate unit of production royalty (FRUP) equal to $3.00 per tonne of coal produced or sold from the property.
This press release has been reviewed by John W. Fisher, P. Eng., a qualified person under NI 43-101.
About Rocher Deboule Minerals Corp.
Rocher Deboule Minerals Corp. is a diversified exploration and development company focusing its attention on mineral properties and commodities used in the steel manufacturing industry.
On behalf of Management
ROCHER DEBOULE MINERALS CORP.
Larry W. Reaugh, President and Chief Executive Officer
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