Rocher Deboule Minerals Corp. (TSX.V: RD; OTCQB: RDBHF) (“Rocher” or the “Company”) has renegotiated it’s recent agreements with Rain Investments, Ltd. (“Rain”), a corporation that is arms length to the Company, pursuant to which the Company had acquired 12 coal permit applications in two separate areas called the “coal outcrop” and the “30/14” property (the “Applications”) referenced in the news release of June 26, 2008.
The consideration of $400,000 and 2,500,000 common shares is no longer to be paid for the Applications. The Applications are to be sold by Rain and the Company is to retain a 10% carried interest. Upon sale the staking cost of $60,000 is to be recovered.
Further, the 2nd group of coal lease permit applications and related agreements with Rain, announced in the July 16, 2008 press release and referred to as the North Central group and the Alberta Saskatchewan boundary group, have been renegotiated. The revision of Rocher’s 1/3 portion of the purchase price is the sum of $14,166 (paid to the vendor).
The North Central group is no longer to be acquired. The sum of $48,186 in filing fees paid to the Saskatchewan Government is to be returned to the Company subject to refund adjustment. The issuance of 200,000 shares of Rocher Deboule Minerals Corp. common stock is no longer to be paid
In summary, at this time, Rocher holds a 1/3 interest in the property described as: The Alberta Saskatchewan boundary group comprising 34 coal permit applications covering 70,227 acres. The permit applications cover the Macklin Coal field reported in Assessment Report 72N-0001 by Luscar Ltd. dated March 1987. The Macklin Coal field is reported to contain 54 million tonnes of sub-bituminous “A” rank coal**.
This acquisition has been achieved without share consideration and with no outstanding cash obligation.
**Where historical estimates are referred to, the Company has no classification of the resource or reserve, and the Company has not obtained enough of the original data and has not done the work necessary to verify the classification of a resource or reserve. The Company is not treating the estimates as a NI 43-101 defined resource or reserve verified by a Qualified Person, and the historical estimate should not be relied upon.
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.
On behalf of Management
ROCHER DEBOULE MINERALS CORP.
Larry W. Reaugh
President and Chief Executive Officer