Richmond Minerals Inc. announces closing of private placement

    TSX Venture: RMD

    TORONTO, Jan. 27 /CNW/ - Richmond Minerals Inc. (the "Company") announces
that the proposed private placement announced on January 12, 2009, closed on
January 26, 2009. The Company raised $140,000 through the issuance of
2,800,000 units, each unit consisting of one common share and one share
purchase warrant. Each warrant will entitle the holder thereof to acquire one
common share at an exercise price of $0.10 per share until January 25, 2010.
The shares being issued are subject to a four month hold period and
restrictions on trading by the TSX Venture. The proceeds will be used for
working capital purposes.

    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 not reviewed and does not accept
    responsibility for the adequacy or accuracy of this news release.

    %SEDAR: 00009282E

For further information:

For further information: Birks Bovaird, President, (416) 603-2114,

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