Rochester Resources Ltd

Published : May 03rd, 2007

Announces $2.94 Million Capital Raise

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Keywords :   Canada | G Mexico | Gold | Mexico | Silver |

Re:        News Releases - Thursday, May 03, 2007
Title:     Rochester Announces $2.94 Million Capital Raise

Vancouver, Canada - Rochester Resources Ltd. (TSXV: RCT; OTCBB: RCTFF and Frankfurt: R5I):

The board of directors is pleased to advise that three funds managed by Burlingame Asset Management, LLC based in San Francisco, CA, have exercised 1,036,900 warrants at an exercise price of $1.15 and agreed to purchase 700,000 units (the "Units") in a non-brokered private placement at a purchase price of $2.50 per Unit. Each Unit consists of one common share and one transferable common share purchase warrant exercisable into an additional common share at an exercise price of $2.75 per share for a period of 18 months following closing. The common shares and the warrants are subject to a four month hold period. No finders fees are payable on the transaction. The private placement is subject to regulatory approval.

Upon closing of the private placement, the three Burlingame funds will collectively own 17% of the outstanding shares of the Company and 1,075,000 warrants which, upon exercise, would increase their combined share position to 19.87%.

Rochester represents a pure-play into the exploration and development of gold and silver properties located in Mexico. Its 100% owned Mina Real Mine located in the state of Nayarit, Mexico, is currently in the process of mill commissioning. Key operating personnel are highly skilled and credentialed Mexican citizens with the ability to identify and negotiate the acquisition of other advanced exploration and development properties in the region. Operating management has strong support from an active board of consulting directors with extensive experience in mining, milling and exploration.

ON BEHALF OF THE BOARD

"Alfredo P. Davila"
Alfredo P. Davila, President & CEO

Investor information contact:
Empire Communications Inc.
Tel: 1-866-841-0068
Website: www.rochesterresourcesltd.com

Forward Looking Statements
This Company Press Release contains certain "forward-looking" statements and information relating to the Company that are based on the beliefs of the Company's management as well as assumptions made by and information currently available to the Company's management. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein.The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release.

Copyright © 2007 ROCHESTER RESOURCES LTD. (RCT) All rights reserved. For more information visit our website at http://www.rochesterresourcesltd.com/ or send email to info@rochesterresourcesltd.com ..
Message sent on Thu May 3, 2007 at 7:57:59 AM Pacific Time
Data and Statistics for these countries : Canada | Mexico | All
Gold and Silver Prices for these countries : Canada | Mexico | All

Rochester Resources Ltd

PRODUCER
CODE : RCT.V
ISIN : CA77174P1027
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Rochester Res. is based in Canada.

Rochester Res. holds various exploration projects in Mexico.

Its main asset in production is MINA REAL in Mexico and its main exploration properties are SANTA FE NAYARIT and EL CORA in Mexico.

Rochester Res. is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 613 826 as of today (US$ 490 786, € 429 929).

Its stock quote reached its highest recent level on July 13, 2001 at CA$ 990.00, and its lowest recent point on February 13, 2015 at CA$ 0.01.

Rochester Res. has 20 460 882 shares outstanding.

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Annual reports of Rochester Resources Ltd
2007 annual report
Financings of Rochester Resources Ltd
5/18/2007Closes 700,000 Unit Private Placement at $2.50 Per Unit
Financials of Rochester Resources Ltd
11/1/2007 Achieves Profitability from Operations in First Quarter of ...
Project news of Rochester Resources Ltd
11/16/2007 Announces Mill Production And Silver Recovery Update For It...
11/7/2007Drift Development Results at Tajos Cuates Confirm Extension ...
8/29/2007Reports Improved Production Results And Exploration Update
5/24/2007Mina Real Mill Resumes Production
Corporate news of Rochester Resources Ltd
11/20/2007 Commences Drift Development And Mobilizes Drill At The Sant...
10/29/2007Provides Update on Exploration and Development Activites
6/8/2007Mina Real Production Update
5/3/2007Announces $2.94 Million Capital Raise
2/28/2007Commences Regular Shipments of Gold & Silver Production
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