Mr. Alexander Balabanov

Roscan Minerals Corp. (TSXV:ROS) has appointed Alexander Balabanov as president and CEO.
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Balabanov, of Moscow, is a founding member and executive director of RPFB Project Finance Ltd., a company providing financial consulting services to major companies in Russia's natural resource sector.

RosCan Minerals Corp. (TSXV:ROS) says Alexander Balabanov has tendered his resignation as president, CEO and a director to avoid potential future conflicts of interest with RosCan.

Alexandr Balabanov

Mr. Balabanov has strong corporate finance experience within the Russian natural resource sector.He is currently Chairman of JSC Buryatzoloto and Executive Director of RPFB Project Finance Limited, and was formerly Executive Director of the Russian Project Finance Bank (RPFB), a subsidiary of the European Bank for Reconstruction and Development (EBRD).Mr. Balabanov speaks fluent Russian and English.Mr. Balabanov can greatly assist High River in achieving its growth objectives in Russia and in maintaining the excellent business relationships the Company has established with Buryatzoloto and the EBRD.

Alexandre Balabanov

Mr. Balabanov has strong corporate finance experience within the Russian natural resource sector.He is currently Chairman of JSC Buryatzoloto and Executive Director of RPFB Project Finance Limited, and was formerly Executive Director of the Russian Project Finance Bank (RPFB), a subsidiary of the European Bank for Reconstruction and Development (EBRD).Mr. Balabanov speaks fluent Russian and English.Mr. Balabanov can greatly assist High River in achieving its growth objectives in Russia and in maintaining the excellent business relationships the Company has established with Buryatzoloto and the EBRD.

2000

ROSCAN MINERALS CORPORATION is pleased to announce that Alexander Balabanov was appointed President and Chief Executive Officer at the Company's Board of Directors meeting held on January 26, 2005.

Roscan Appoints Officers And Grants Options (CCNMatthews via Yahoo! Finance)TORONTO, ONTARIO-- - ROSCAN MINERALS CORPORATION is pleased to announce that Alexander Balabanov was appointed President and Chief Executive Officer at the Company's Board of Directors meeting held on January 26, 2005.

TORONTO--(BUSINESS WIRE)--Feb. 2, 2005--ROSCAN MINERALS CORPORATION (TSX VENTURE:ROS - News) is pleased to announce that Alexander Balabanov was appointed President and Chief Executive Officer at the Company's Board of Directors meeting held on January 26, 2005.
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Mr. Balabanov, based in Moscow, Russia, is a founding member and Executive Director of RPFB Project Finance Limited, a company providing financial consulting services to major companies in Russia's natural resource sector.He is also Chairman of OJSC Buryatzoloto, a Russian mining company with two producing gold mines in the Republic of Buryatia, Southern Siberia.Since 2000, he has been a Director of High River Gold Mines Ltd., a TSX-listed company.A graduate of the Moscow Finance Institute (1988), Mr. Balabanov specialized in International Economic Relations.Prior to 1998, he was a Director of the Russian Project Finance Bank, a subsidiary of the European Bank for Reconstruction & Development (EBRD), where he supervised the Bank's financing activities in multi-million dollar projects related to mining, metals, forestry and oil.