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 Rodinia Closes Transaction To Acquire 100% Interest In Nevada Property Adjacent To The Only Lithium Producer In The U.S.April 1, 2009 Vancouver, British Columbia … Further to its press release of February 27, 2009, Rodinia Minerals Inc. (“Rodinia”) is pleased to announce that it and its Wyoming subsidiary, Donnybrook Platinum Resources, Inc. (“Donnybrook”), have closed the transaction with GeoXplor Corp. (“GeoXplor”) in respect of 250 unpatented mining claims located in the Clayton Valley, Esmeralda County, Nevada (the “Property”). Clayton Valley is home to the only lithium producer in the United States. This plant extracts lithium from brines pumped from aquifiers below the valley and has been in production since 1967. The plant is designed to produce 1.2 million kg of lithium per year and to date has produced an estimated 50 million kg of lithium. Rodinia’s property is adjacent to this production facility. After receiving TSX Venture Exchange acceptance, the Company has issued the first tranche of shares due to GeoXPlor as part of the Agreement, being 500,000 common shares, which are subject to a four month hold period expiring on July 24, 2009. The Agreement with GeoXpPlor gives Rodinia and Donnybrook the option (the “Option”) to acquire a 100% interest in the Property, subject to a 3% royalty in respect of Lithium Carbonate production and all other ores or minerals mined or extracted from the Property (the “Royalty”). The Option is exercisable by paying GeoXplor an aggregate US$322,000 over four years (the “Cash Payments”) of which US$25,000 has been paid to date; issuing to GeoXplor an aggregate 2,500,000 shares of Rodinia, as to 500,000 shares on regulatory approval (issued) and 500,000 shares each year thereafter for four years (the “Share Issuances”), and incurring expenditures on exploration of the Property of not less than an aggregate US$2,000,000 over 4 years (the “Expenditures”). Rodinia may, at any time, accelerate any of the Cash Payments, Share Issuances or Expenditures and can satisfy the Expenditures requirement by delivering a pre-feasibility study. The Royalty can be bought down at any time upon payment of US$1 million for each 1% of the Royalty. The Agreement also provides that if, at any time, (i) a positive feasibility study in respect of the Property is delivered, or (ii) Rodinia and Donnybrook dispose of their interest in the Property in any way, GeoXplor will be paid US$2,000,000 in cash, or, at the election of GeoXplor, in that number of shares of Rodinia as have an aggregate value of US$2,000,000 determined on the basis of the closing market price per share of Rodinia’s shares on the day preceding GeoXplor’s election. Mr. John Harrop is the Company’s qualified person on the project as required under NI 43‑101 and has reviewed the technical information contained in this press release. Rodinia has, until now, focused on acquiring uranium properties situated in the U.S. Its flagship property is its Workman Creek project in Arizona which has a 43-101 compliant inferred resource of 5.6 million pounds of U308. It has a number of other uranium projects, located on Arizona and Utah, which have historical uranium reserves but which are not 43-101 compliant. ON BEHALF OF THE BOARD Rodinia Minerals Inc. For further information contact: Don Mosher, Director The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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