RAP Acquisition Corp. to restate certain financial information

TORONTO, Nov. 1, 2011 /CNW/ - RAP Acquisition Corp. ("RAP" NEX: RAP.H) has filed restated unaudited interim financial statements for the period ended June 30, 2011 for the correction of an error.  Subsequent to the filing of the unaudited interim financial statements for the period ended June 30, 2011, it was determined that a non-refundable deposit of CDN $50,000 was due to Ferrum Americas Mining Inc. as at June 30, 2011.  The restated unaudited interim financial statements reflect an increase in current assets and an increase in current liabilities of USD $51,840.

Notice on forward-looking statements:

This release includes forward-looking statements regarding RAP, Ferrum Americas and their respective businesses.  Such statements are based on the current expectations of the management of each entity. The forward-looking events and circumstances discussed in this release, including completion of the Proposed Transaction, may not occur and could differ materially as a result of known and unknown risk factors and uncertainties affecting the companies, including risks regarding the mining industry, economic factors and the equity markets generally.  No forward-looking statement can be guaranteed. Except as required by applicable securities laws, forward-looking statements speak only as of the date on which they are made and RAP and Ferrum Americas undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

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.

SOURCE RAP Acquisition Corp.

For further information:

Ronald Schmeichel, Director of RAP Acquisition Corp. at 416-972-6574

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RAP Acquisition Corp.

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