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TEL AVIV, Israel - Rocmec Mining [TSX-V:RMI] is moving forward with plans aimed at acquiring and brining into production six mining concessions outside of Arequipa, Peru as it continues to define and delineate gold resources at its Rocmec 1 property in Quebec's Dasserat Township.

The company also continues to develop its thermal fragmentation mining process, which holds out the promise of extracting ore from narrow vein, hard rock ore bodies. Rocmec in March obtained patents for Mexico and Russia, adding to those previously obtained for Canada, Morocco, South Africa and the U.S. Patent applications are pending in Australia, Brazil and China and are expected to be received by the end of this year.

Rocmec has also tapped the capital markets recently. A private placement of 666,666 flow-through units closed at a price of C$0.18 per unit for gross proceeds of C$120,000, management announced in mid-March. An additional issuance of 613,000 common shares and half-share purchase warrants at C$0.10 per unit through a private placement raised another $61,300 in gross proceeds. Each full share warrant entitles the holder to purchase an additional common share of the company at C$0.18 for a two-year period from closing.

Puma Option in Peru

Rocmec has been busy at the Puma mining property about 80 kilometers outside Arequipa, Peru. Management in November entered into a purchase option agreement for Puma's six concessions, which span some 1,700 hectares.

Rocmec is looking to develop the gold mining property in partnership with a Canadian partner, RSW Beroma. About 10 tonnes of very high grade ore is being produced at one of the concessions using traditional, small-scale methods and management has high hopes that Puma's gold resources will prove to be an ideal site to employ the company's thermal fragmentation process.

To date, Rocmec has conducted two on-site visits with two independent geologists, sampled a variety of different mineralised zones and conducted a 1,000 metre drill campaign. Members of Rocmec's management team visited Puma at the end of March along with representatives of a financial group to follow-up on the progress of drilling work, enable the financial group to conduct due diligence work and to evaluate El Pollo, a third mineralized structure.

"We are seeking to raise 10 million dollars through a debenture or gold loan," explained John Stella, Rocmec's investor relations manager. "The breakdown is as follows: 3.0 million for a 100tpd (tonne per day) treatment plant, 3.0 million to acquire the property and 4.5 million for mine development and working capital We hope to close the deal by the end of May '08," he told Resource Investor.

Short Payback Period

Given the nature of the deposit, the infrastructure in place and Puma's accessibility, management believes that it can earn payback of its investment in 20 months or less. A Rocmec-led team has completed a first drill-hole sample and management is awaiting lab results. Drilled horizontally over a 205-meter length, the drill hole intercepted the Ramal vein close to 100 metres below the summit where samples had previously been taken.