Mr. Larry W. Reaugh, President & Chief Executive Officer of Rocher Deboule Minerals Corp. (TSX.V: RD; OTCQB: RDBHF) (“Rocher Deboule” or the “Company”) is pleased to announce it has entered into a Contribution Agreement with the National Research Council of Canada Industrial Research Assistance Program (“NRC-IRAP”) to develop technology for extraction and recovery of manganese from low grade sources.
Under the terms of the agreement, NRC-IRAP will contribute up to 75% of qualified costs. It will also provide Rocher Deboule Minerals Corp. a range of both technical and business-oriented advisory services.
The Company has commissioned British Columbia-based Kemetco Research Inc. (“Kemetco”) to develop a hydrometallurgical process which will yield high purity manganese metal and/or manganese dioxide. Kemetco is a privately owned company with a successful track record in the business of developing new technologies which involve hydrometallurgy and electrochemistry.
Kemetco Research Inc. is a private sector integrated science, technology and innovation company. Its Contract Sciences operation provides laboratory analysis and testing, field work, bench scale studies, pilot plant investigations, consulting services, applied research and development for both industry and government. Our clients range from start-up companies developing new technologies through to large multinational corporations with proven processes. We provide scientific expertise in the fields of Specialty Analytical Chemistry, Chemical Process and Extractive Metallurgy.
Manganese is used in the production of iron and steel. As the demand for iron and steel rises the demand for manganese rises proportionally. Worldwide production of manganese alloys reached 11.8 million tonnes in 2006 (up 14% from 2005) and 13.3 million tonnes in 2007 (up 13.3% from 2006) with China producing 46% or 6.2 million tonnes. China is currently looking at measures to control production by increasing export taxes by 20%. The world production of Electrolytic Manganese Metal (pure Mn) is measured at approximately 1,000,000 tonnes in 2007 by the International Manganese Institute; prices are currently at $1.15 US/lb.
About Rocher Deboule Minerals Corp.
Rocher Deboule Minerals Corp. is a diversified exploration and development company focusing its attention on mineral properties and commodities used in the steel manufacturing industry and their British Columbia (IOCG) gold project.
This release has been reviewed by John W. Fisher, P.Eng, a qualified person pursuant to National Instrument 43-101.
On behalf of Management
ROCHER DEBOULE MINERALS CORP.
Larry W. Reaugh
President and Chief Executive Officer
The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time to time with the Toronto Stock Exchange, the British Columbia Securities Commission and the US Securities and Exchange Commission.