Rodocanachi Capital Inc. Announces Termination of Agreement in Principle Contemplating Proposed Qualifying Transaction With Gold

   Rodocanachi Capital Inc. (the "Company")(TSX VENTURE: ROD.P) announces the termination of the agreement in principle dated October 31, 2009 (the "Agreement") with Golden Moor Inc. (the "Target"), previously announced in the Company's November 3, 2010 press release. Pursuant to the Agreement, the Company was to acquire all of the Target's issued and outstanding shares which, together with the therein proposed concurrent private placement of a minimum of $500,000 and a maximum of $1,000,000 (the "Private Placement"), was to constitute the Company's qualifying transaction (the "Qualifying Transaction") under Policy 2.4 of the TSX Venture Exchange (the "Exchange").

The Company's Board of Directors explains that several condition precedent to the completion of the transaction contemplated under the Agreement have not been met, as detailed below.

First, further to review, the Company is not satisfied with the results of its due diligence conducted with regard to the Target. In addition, the Target, to this day, has not presented the Company with sufficient information allowing it to assess whether the resulting issuer of the Qualifying Transaction would satisfy the Exchange's minimum listing requirements for a tier 2 issuer under its Policy 2.1.

Furthermore, a formal third party assessment of the Target's fair market value was required no later than November 30, 2010, the whole in accordance with Exchange Policies. No satisfactory fair market value assessment could be obtained in due time. To circumvent this requirement, and for the benefit of the Target, the Company engaged ICKL Capital Inc., a company controlled by Yannick Lessard (the "Finder"), pursuant to a finder's fee agreement dated December 10, 2009, to raise a minimum of $1,900,000 and a maximum of $2,500,000 in connection with the Qualifying Transaction, thereby increasing the amount of the Private Placement and compensating for the absence of a satisfactory fair market value assessment, the whole in order to comply with applicable Exchange Policies. The representations made by the Finder to this day do not allow the Company to determine whether the mandatory Private Placement can indeed be completed in due time.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts: Mr. Richard Besner President and Chief Executive Officer Rodocanachi Capital Inc. 514-824-5434