February 23, 2007, Vancouver, BC – Rockwell Ventures Inc. (“Rockwell” or the “Company”) announces that the Company has been advancing the logistical activities for its planned exploration and bulk sampling initiative in the Democratic Republic of Congo (“DRC”), with Midamines SPRL. Rockwell has established a working base in Kinshasa and has actively conducted geophysical and other investigations on site. Midamines SPRL, a DRC corporation, holds the Kwango River exploitation permit. Through its purchase of Durnpike Investments (Proprietary) Limited, RVI acquired an indirect interest in the earn-in option agreement with Midamines (“Agreement”) in respect of the Kwango River concessions.
One of the 50% shareholders of Midamines has since denied the validity of the Agreement. This is disputed by the other 50% shareholder of Midamines. The Company’s South African and DRC legal counsel have advised that the Agreement remains valid and binding. The Company is accordingly confident that its intended operations in the DRC under the Agreement will proceed in the ordinary course.
For further details on Rockwell Ventures Inc., 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.
President and COO
No regulatory authority has approved or disapproved the information contained in this news release.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Forward Looking Statement
This release includes certain statements that may be deemed “forward-looking statements”. Other than statements of historical fact all statements in this release that address future production, reserve or resource potential, exploration drilling, exploitation activities and events or developments that each Company expects are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Rockwell, Investors should review Rockwell’s annual Form 20-F filing with the United States Securities and Exchange Commission www.sec.com and the Company’s home jurisdiction filings that are available at www.sedar.com.