Mr. Ron Shenton reports

TOSCA ANNOUNCES INCREASE IN FINANCING

Tosca Mining Corp. has increased the private placement announced in its news release in Stockwatch of March 3, 2011, from 10 million units to up to 14.3 million units at a price of 35 cents per unit. Each unit consists of one common share and one non-transferable share purchase warrant, with each warrant to entitle the holder to purchase one common share for a period of one year at a price of 45 cents per share. The gross proceeds raised will now be $5,005,000. The offering will be non-brokered, however, Tosca may pay finders' fees in accordance with the rules and policies of the TSX Venture Exchange.

Tosca Mining intends to utilize the proceeds of this private placement toward the development of the company's mineral properties.