ROD.P Rodocanachi Capital Inc.

Rodocanachi Capital Inc. (TSX VENTURE:ROD.P) is pleased to announce that it has
received conditional approval from the TSX Venture Exchange (the "TSXV") and
unanimous approval of the majority of minority of its shareholders who voted at
the annual and special meeting of the shareholders held on January 10, 2011, for
its previously announced proposed qualifying transaction (the "Qualifying
Transaction") with Axcelon Biopolymers Corp. ("Axcelon"). A copy of the
information circular relating to the Qualifying Transaction is available on
SEDAR at www.sedar.com. The Qualifying Transaction is anticipated to close on or
about February 15, 2011.


Completion of the Qualifying Transaction is subject to a number of conditions,
including but not limited to, final acceptance from the TSXV and completion by
Axcelon of a brokered concurrent financing for gross proceeds of not less than
$1,450,000 up to $2,000,000. There can be no assurance that the Qualifying
Transaction will be completed as proposed or at all. Investors are cautioned
that, except as disclosed in the Information Circular prepared in connection
with the Qualifying Transaction, any information released or received with
respect to the Qualifying Transaction may not be accurate or complete and should
not be relied upon. Trading in the securities of Rodocanachi should be
considered highly speculative.


The TSXV has in no way passed upon the merits of the Qualifying Transaction and
has neither approved nor disapproved the contents of this press release.


Certain information in this press release may contain forward-looking
statements. Forward-looking statements in this press release include, but are
not limited to, statements with respect to closing or completion of the
Qualifying Transaction. This information is based on current expectations that
are subject to significant risks and uncertainties that are difficult to
predict. Actual results might differ materially from results suggested in any
forward-looking statements. Rodocanachi assumes no obligation to update the
forward-looking statements unless and until required by applicable securities
laws. Additional information identifying risks and uncertainties is contained in
filings by Rodocanachi with the Canadian securities regulators, which filings
are available at www.sedar.com.

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