Roxmark completes another $1 million flow-through financing with MineralFields Group

    TORONTO, Nov. 5 /CNW Telbec/ - Roxmark Mines Limited (TSXV - RMK) (CNQ -
RMKL) today announced the completion of a $1 million non-brokered private
placement financing with MineralFields Group of Toronto, a leading mining
fund. This is the second Roxmark financing with MineralFields in 2007.
    Gross proceeds of $1 million were received in consideration of the
issuance of 3,333,332 flow-through units at a price of $0.30 per unit. Each
unit consists of one common share and one common share purchase warrant of the
Company issued on a "flow-through" basis. Each warrant entitles the holder to
purchase one common share of the Company at a price of $0.40 until November 2,
2008 and at $0.55 thereafter until November 2, 2009. The warrants are subject
to an accelerated expiry date under certain conditions. The securities issued
pursuant to the financing are subject to a four-month hold period until
March 3, 2008.
    Roxmark paid finder's fees to Limited Market Dealer Inc. in the amount of
a cash commission of 5% of the proceeds and granted 333,333 non-transferable
finder's options, each exercisable at $0.30 per option until November 2, 2009
to acquire a unit of securities of the Company comprised of one common share
and one common share purchase warrant. Such common share purchase warrant
shall be exercised on the same terms as the warrants issued under the
    Proceeds of the private placement will be used to fund the exploration
and development program to advance Roxmark's holdings of gold and molybdenum
properties in the Geraldton-Beardmore mining camp in Northern Ontario.

    About MineralFields, Pathway and First Canadian Securities (R)

    MineralFields Group (a division of Pathway Asset Management) is a
Toronto-based mining fund with significant assets under administration that
offers its tax-advantaged super flow-through limited partnerships to investors
throughout Canada during most of the calendar year, as well as hard-dollar
resource limited partnerships to investors throughout the world. Pathway Asset
Management also specializes in the manufacturing and distribution of
structured products and mutual funds. Information about MineralFields Group is
available at . First Canadian Securities(R), a division
of Limited Market Dealer Inc., is active in leading resource financings (both
flow-through and hard dollar) on competitive, effective and service-friendly
terms, with investors both within and outside of MineralFields Group.

    About Roxmark Mines

    Roxmark Mines Limited is the leader in gold and molybdenum exploration
and development in the historically significant Geraldton-Beardmore area of
Northwest Ontario. In the last two years, Roxmark has generated cash flow from
bulk-sampled gold and molybdenum processed at its fully-permitted mill and has
the advantage of infrastructure from six formerly highly productive gold mines
located on its properties. These mines previously produced nearly two million
ounces of gold from high grade ore but were closed primarily due to
dramatically lower gold prices at the time and to boundary issues, since
    Further information is available on the Company's website at and on SEDAR under the Company's profile at

    Forward-Looking Statements

    This news release includes certain "forward-looking statements". Such
forward-looking statements involve risks and uncertainties. The results or
events predicted in these forward-looking statements may differ materially
from actual results or events. Any forward-looking statement speaks only as of
the date of this news release and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future
events or results or otherwise.

    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the adequacy or accuracy of the content of this news

For further information:

For further information: Monir Younan, President, Roxmark Mines Limited,
(416) 860-1636, Fax: (416) 360-7355,,;
Renmark Financial Communications Inc.: Christine Stewart:; Barbara Komorowski:, (514) 939-3989, Fax: (514) 939-3717,

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