Mr. Allen Morishita reports

ROJO RESOURCES LTD. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Rojo Resources Ltd. has arranged a non-brokered private placement of two million units of the company at a price of 10 cents per unit to raise aggregate gross proceeds of $200,000.

Each unit shall consist of one common share and one transferable common share purchase warrant. Each warrant shall be exercisable into one additional common share of the company for a period of two years from closing at an exercise price of 15 cents per share.

The net proceeds of this financing are to be used to pay outstanding payables and for general working capital.

Finders' fees may be paid as permitted by the TSX Venture Exchange and applicable securities laws. All securities issued under the private placement will have a hold period of four months and a day from closing.