Rochester Resources Raises Over $12.4 Million

NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO UNITED STATES
NEWSWIRE SERVICES


Rochester Resources Ltd. (TSX
VENTURE:RCT)(OTCBB:RCTFF)(FRANKFURT:R5I)("Rochester" or the "Company") is
pleased to announce that it has successfully closed its previously announced
private placement of 76,667,000 units (each, a "Unit"), each Unit consisting of
one common share of the Company and one common share purchase warrant (a
"Warrant"). Each Warrant will entitle the holder, on exercise, to purchase one
additional common share of the Company (a "Warrant Share"), at a price of $0.20
per Warrant Share at any time until the close of business on the day which is 24
months from the date of issue of the Warrant. The Units were priced at C$0.15
per Unit for gross proceeds of C$11.5 million and are subject to a four-month
hold period expiring on March 26, 2010. The offering was marketed on a best
efforts basis by way of brokered private placement with BMO Capital Markets and
GMP Securities L.P. (collectively, the "Agents") The Agents will receive a cash
fee equivalent to 6% of gross proceeds of the brokered private placement and
4,600,020 warrants ("Broker Warrants"). Each Broker Warrant will entitle the
Agents, on exercise, to purchase one additional common share of the Company (a
"Broker Warrant Share"), at a price of $0.15 per Broker Warrant Share at any
time until the close of business on the day which is 36 months from the date of
issue of the Broker Warrant.


In addition, the Company has arranged a non-brokered private placement of
6,192,960 Units on identical terms to the brokered private placement for gross
proceeds of $0.9 million.


All securities issued in conjunction with this financing have a hold period
expiring on March 26, 2010.


The total gross proceeds raised from the brokered and non-brokered private
placements are $12.4 million. The net proceeds of the brokered and non-brokered
private placements will be used to fund exploration and development activities
on the Company's precious metals properties in Mexico and for general corporate
purposes.


ON BEHALF OF THE BOARD

Eduardo Luna, President and CEO

About Rochester Resources Ltd.

Rochester represents a pure-play in the exploration and development of
high-grade gold and silver properties located in Nayarit, Mexico. The Company is
a niche player in Mexico which has assembled an attractive portfolio of
properties in the Sierra Madre Occidental Range. This is the largest epithermal
precious metal region in the world, hosting the majority of Mexico's large
tonnage gold and silver deposits. Current production generates growing cash flow
and helps fund our ongoing exploration and development with minimum share
dilution. Rochester is well positioned to advance its Projects and can very
quickly become a significant player in Mexico. Rochester has a strong senior
management team based in Mexico, a workforce in place to advance its projects
through to mine development, and strong financial backing to implement and
advance our work programs.


Forward Looking Statements

This Company Press Release contains certain "forward-looking" statements and
information relating to the Company that are based on the beliefs of the
Company's management as well as assumptions made by and information currently
available to the Company's management. Such statements reflect the current
risks, uncertainties and assumptions related to certain factors including,
without limitations, competitive factors, general economic conditions, customer
relations, relationships with vendors and strategic partners, the interest rate
environment, governmental regulation and supervision, seasonality, technological
change, changes in industry practices, and one-time events. In addition, the
Company has not conducted an independent feasibility study on the Mina Real
project which may increase the risk that the planned operations are not
economically viable. Should any one or more of these risks or uncertainties
materialize, or should any underlying assumptions prove incorrect, actual
results may vary materially from those described herein.

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