News Release

February 23, 2012

SOFTROCK MINERALS LTD. ANNOUNCES PRIVATE PLACEMENT OF UNITS

(TSXV: SFT) is pleased to announce that the Company plans to issue and sell, on a private placement basis, up to 2,000,000 units ("Units") of the Company at a price of $0.07 per Unit. Each Unit will consist of one common share (a "Common Share") of Softrock and one Common Share purchase warrant (a "Warrant") entitling the holder thereof to purchase one Common Share at a price of $0.10 per share for a period of five years; provided that if the volume weighted average trading of the Common Shares on the TSX Venture Exchange is $0.25 per share or higher for 20 consecutive trading days, the Warrants will expire within 30 days of the Company giving notice of such.

Proceeds from the proposed financing will be used for general working capital purposes.
All securities issued pursuant to the private placement will be subject to a four-month hold period from the closing date. In connection with the private placement the Company may pay a finder's fee and issue broker warrants entitling the holder thereof to acquire Units at a price of $0.07 per Unit for a period of five years. The private placement is subject to approval from the TSX Venture Exchange.

On behalf of the Board of Directors
The Honourable Nick Taylor, President and Chief Executive Officer

For further information please contact:
Softrock Minerals Ltd.
#1010, 825 – 8th Avenue SW
Calgary, Alberta T2P 2T3
Ph:(403) 266-2605 or Fax:(403) 266-2730
Email: softrockminerals@shaw.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

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