Rodinia Minerals Grants Option on Arizona Properties
June 14, 2006
Vancouver, British Columbia… Rodinia Minerals Inc. (the “Company”) has, subject to regulatory approval, granted an option wherein UraniumCore Company, a San Diego based corporation, can acquire, subject to a 3% Yellowcake royalty, a 75% interest in the Company’s Suckerite, Pendleton Mesa, Coon Creek and Oak Creek properties (the “Properties”).
The Properties, representing a total of 82 claims, are within a one to twelve mile range of the Company’s Workman Creek project in Gila County, Arizona. They were staked by the Company based on prior stakings by Westinghouse Electric Corporation in the 1970s who, the Company understands, staked them as a result of an airborne radiometric survey that was completed by United States Atomic Energy Commission. The Properties form part of the Dripping Springs geological uranium bearing unit.
To exercise the option, UraniumCore must: (a) pay the Company US$50,000; (b) issue an aggregate of 4,000,000 shares of UraniumCore to the Company; and (c) expend US$2,000,000 on exploration on the Properties over a four year period.
UraniumCore is headquartered in San Diego and currently trades on the OTC Pink Sheets under the symbol “UCOR”. The Company is advised that UraniumCore is in the process of seeking a listing on the OTC Bulletin Board.
A finder’s fee, in the maximum amount permitted under the policies of the Exchange, will be payable.
The Company is also pleased to announce its graduation to Tier 1 on the TSX Venture Exchange effective June 14, 2006.
ON BEHALF OF THE BOARD
(sgd.) “Donald Morrison”, President
For further information, please contact Don Mosher, Director
Tel: (604) 685-6465
Fax: (604) 685-9744
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. In addition, this release is not for distribution to U.S. newswire services or for dissemination in the United States.