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Rodinia Announces $1,300,000 Financing


November 24, 2004

Vancouver, British Columbia - Rodinia Minerals Inc. (the “Company”) has engaged Haywood Securities Inc. (“Haywood”) to conduct a brokered private placement of 2,000,000 units at a price of $0.65 per unit.  Each unit (a “Unit”) will consist of one common share of the Company and one-half share purchase warrant.  Each full warrant will entitle the holder to purchase one additional common share of the Company at a price per common share of $0.80 in the first year and $0.90 in the second year.  Haywood will receive a commission equal to 7.5% of the proceeds of the offering, payable in cash or Units.  Haywood will also receive warrants (the “Agent’s Warrants”) equal to 10% of the number of Units sold under the offering, each Agent’s Warrant being convertible into one Unit at a price of $0.65, and a corporate finance fee of 30,000 Units for services rendered in connection with the offering.

Completion of the private placement is subject to the approval of the TSX Venture Exchange (the “Exchange”) and acceptance by the Exchange of the Company’s filing on the most recently announced acquisition of the Workman Creek deposit in Gila County, Arizona.

All securities issued in connection with the private placement will be subject to hold periods in accordance with applicable securities laws.  The funds from the private placement will be used to accelerate the exploration program on the Workman Creek deposit, commence exploration on other recently staked properties in Gila County, Arizona, and for general working capital purposes. 

ON BEHALF OF THE BOARD

RODINIA MINERALS INC.

(sgd.) “Donald Morrison”, President

The TSX Venture Exchange has not reviewed and 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.