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Agreement on Lithium Project Amended


June 19, 2009

Vancouver, British Columbia …  Rodinia Minerals Inc. (“Rodinia” or the “Company”) provides this update further to its press release of May 14, 2009.  The Company had announced that it had entered into a letter agreement to acquire, by assignment from an arm’s length party Forbes & Manhattan, Inc. (on behalf of Stan Bharti, Lars Vannman, Greg Cameron, Farhad Abasov and Tony Wonnacott), the right to earn a 100% interest, subject to a 2% net smelter return royalty, in the Strider Lithium Project in Manitoba (the “Project”) in exchange for the issuance by Rodinia of 5 million units consisting of 5 million of its common shares and 5 million share purchase warrants exercisable at $0.30 for 24 months to the assignors and the assignors’ entitlement to appoint two members to Rodinia’s Board of Directors. 

The letter agreement has been amended to reflect that Rodinia’s proposed private placement of up to 9 million units at a price of $0.30 per unit for gross proceeds of up to $2,700,000 is not connected to the completion of the proposed transaction.  Completion of the acquisition of the Project by Rodinia remains subject to:  (1) the satisfactory completion of due diligence on the Project by Rodinia; (2) the receipt of all required corporate and regulatory approvals, including the approval of the Board of Directors of Rodinia, the approval of disinterested shareholders of Rodinia and the approval of the TSX Venture Exchange; and (3) the execution of all documentation (including formal documentation with respect to the transfer) in order to give effect to the transactions contemplated in the Letter Agreement.

A National Instrument 43-101 has been completed on the Lithium project and submitted to the TSX Venture Exchange for their review. 

ON BEHALF OF THE BOARD

Rodinia Minerals Inc.

 
Donald Mosher, President

For further information contact:  (604) 685-6465

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

THIS NEWS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.  THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.