Roscan Announces Closing of Private Placement

ROSCAN MINERALS CORPORATION 130 Adelaide Street West, Suite 1010 Toronto, ON M5H 3P5

September 28, 2011 TSX-V SYMBOL: ROS Shares Outstanding: 28,299,575

ROSCAN ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Toronto, Ontario – September 28, 2011 – Roscan Minerals Corporation (the “Company”) (TSXV:ROS) is pleased to announce the completion of a private placement of 1,400,000 units at a price of $0.10 per unit for gross proceeds of $140,000. Each unit consists of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share for a period of two years at a price of $0.15 per share. The securities issued pursuant to the private placement are subject to a four-month hold period.

The funds raised will be used to satisfy current payables and for general working capital. The financing is subject to final acceptance by the TSX Venture Exchange.

Insiders of the Company acquired a total of 1,000,000 units in the private placement. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 based on the fair market value of insider participation not exceeding 25% of the Company’s market capitalization and the fact that the common shares of the Company are listed on the TSX Venture Exchange. A material change report in connection with the private placement will be filed less than 21 days before the closing of the private placement. This shorter period is reasonable and necessary in the circumstances as the Company wished to complete the private placement in a timely manner in order to pay its creditors as soon as possible.

FOR FURTHER INFORMATION PLEASE CONTACT:

Don Whalen, Director or Mark McMurdie, CFO Roscan Minerals Corporation Tel: (416) 293-8437 Fax: (416) 293-3957 Email: [email protected]

Neither TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV accepts responsibility for the adequacy or accuracy of this release. This press release is not for distribution to any U.S. news wire services or for dissemination in the United States of America.

This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements. Such forward-looking statements include comments regarding the private placement and use of funds.