News Release

Rockgate Closes $5.5 Million Non-Brokered Financing

VANCOUVER, B.C., July 30, 2009 – Rockgate Capital Corp. (TSX Venture: RGT) (the “Company”) is pleased to announce that the previously announced non-brokered private placement of up to 12,222,222 units (the “Units”) at a price of $0.45 per unit for gross proceeds of $5,500,000 has closed.

Each Unit consists of one common share of the Company and one half of one non-transferable share purchase warrant, each full warrant entitling the purchaser to purchase an additional common share at a
price of $0.55 per share until expiry on July 28, 2010.

The net proceeds of the financing will be used to fund further development work at the Company’s Falea Uranium/Silver project in Mali and for general working capital. Finder’s fees of $274,502 were paid in cash pursuant to the policies of the TSX Venture Exchange.

Shares acquired by the placees, and shares which may be acquired upon the exercise of the share purchase warrants, are subject to a hold period ending November 29, 2009 in accordance with applicable securities
legislation.

For more information please contact the Company at 604 678 8941 or by email at karl@krgltd.com.

ON BEHALF OF THE BOARD OF DIRECTORS OF
ROCKGATE CAPITAL CORP.
_______________________
Karl Kottmeier
President

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. 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.