| ||January 14, 2005|
Rio Tinto Terminates Letter Of Understanding On Ricardo Property
| ||Ronald W. Thiessen, President and CEO of Rockwell Ventures Inc. (TSXV: RCW; OTCBB: RCWVF) announces that Minera Ricardo Resources Inc. S.A., a wholly owned subsidiary of Rockwell (together "Rockwell" or the "Company"), has been advised that Rio Tinto Mining and Exploration Ltd. ("Rio Tinto"), has terminated its option agreement with the Company. Rio Tinto had carried out exploration in 2004 under a Letter of Understanding with the Company on its Ricardo Property, located near the city of Calama, Chile. |
The Ricardo property is prospective for the discovery of porphyry copper deposits. It is situated on the West Fissure Fault, a structural trend that hosts a number of significant copper deposits including Chuquicamata, one of the world's largest copper mines. The Company believes there are targets on the property that have not been tested, and the Company plans to seek partners to carry out further exploration.
For further details on Rockwell, please visit the Company's website at www.rockwellventures.com or contact Investor Services at (604) 684-6365 or within North America at 1-800-667-2114.
ON BEHALF OF THE BOARD OF DIRECTORS
Ronald W. Thiessen
President and CEO
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