Richmond Minerals Inc. - Changes to the Board of Directors, appointment of an officer, and granting of stock options



    TSX Venture: RMD

    TORONTO, Jan. 15 /CNW/ - Richmond Minerals Inc. is pleased to announce
that Mr. Robert J. Leinster has been elected to the Board of Directors of the
Company at the Annual and Special Meeting of Shareholders held today. Mr.
Leinster has been Chairman of Cenit Corporation since June 2004. Prior to June
2004, he was a partner in Grant Thornton LLP, an international accounting and
consulting firm specializing in business valuations and mergers and
acquisitions. His financial and business expertise and experience will be of
great benefit to the Company. The Company is pleased to report the appointment
of Mr. J. Birks Bovaird as Chairman of the Board.
    The Company also announces that it has granted the following stock
options: (a) 400,000 options to a director, exercisable at $0.10 per share,
vest immediately, and expire in five years; and (b) 300,000 options to two
consultants, exercisable at $0.10 per share, vest as to 25% immediately and
25% every quarter thereafter, and expire in one year.

    Richmond Minerals Inc. is engaged in base and precious metal mining and
related activities, including exploration and development in Northern Ontario
and Quebec.

    
    The TSX Venture Exchange has in no way passed upon the merits of the
    transaction and has neither approved nor disapproved the content of this
    press release.
    

    %SEDAR: 00009282E




For further information:

For further information: Birks Bovaird, President, (416) 603-2114,
info@richmondminerals.com


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