Ritchie Bros. breaking ground on new Chilliwack auction site

    CHILLIWACK, BC, Feb. 26 /CNW/ - Richmond-based Ritchie Bros. Auctioneers
(NYSE and TSX: RBA), the world's largest auctioneer of industrial equipment,
will break ground on its new permanent auction site in Chilliwack, B.C. next
week. Among the dignitaries expected at the March 3, 2009 groundbreaking
ceremony: Chilliwack Mayor Sharon Gaetz and Ritchie Bros. CEO Peter Blake. The
24-acre auction site will replace the Company's eight-acre site in Surrey,
B.C. - one of 38 Ritchie Bros. auction sites worldwide.
    "We're excited to be breaking ground on our new permanent auction site in
Chilliwack," said Peter Blake, Ritchie Bros. CEO. "We outgrew our Surrey
auction site long ago and have been searching for an appropriate replacement
site for some time. The new Chilliwack location is ideal for our Lower
Mainland customers, offering exceptional highway visibility and access to
major transportation routes. We're grateful to the City of Chilliwack for the
warm welcome we've received, and look forward to welcoming bidders from around
the world to Chilliwack."

    WHO    Richmond, B.C.-based Ritchie Bros. Auctioneers, the world's
           largest industrial auctioneer
           Sharon Gaetz, Mayor of Chilliwack
           Peter Blake, Ritchie Bros. CEO
           Adam Pruss, Ritchie Bros. Area Manager

    WHAT   Ground breaking ceremony for new permanent auction site in
           Chilliwack, B.C.

    WHEN   11 a.m. Tuesday, March 3, 2009

    WHERE  Ritchie Bros. Auctioneers
           42275 Industrial Way, Chilliwack, B.C.

    Established in 1958 in Kelowna, B.C., Ritchie Bros. is now the world's
largest industrial auctioneer, selling in excess of US$3.57 billion of
equipment at 340 unreserved auctions around the world in 2008. The Company
conducts five regular unreserved public auctions each year at its Surrey, B.C.
site. In 2008, Ritchie Bros. sold more than CA$50 million of equipment and
trucks at this site, attracting an average 1,850 bidders to each auction.

    PHOTOS: Ritchie Bros. auction photos can be downloaded from

    About Ritchie Bros.

    Established in 1958, Ritchie Bros. Auctioneers (NYSE and TSX: RBA) is the
world's largest industrial auctioneer, selling more equipment to on-site and
online bidders than any other company in the world. The Company has over 110
locations in more than 25 countries, including 38 auction sites worldwide.
Ritchie Bros. sells, through unreserved public auctions, a broad range of used
and unused industrial assets, including equipment, trucks and other assets
utilized in the construction, transportation, agricultural, material handling,
mining, forestry, petroleum and marine industries. The Company maintains a web
site at www.rbauction.com and sponsors an equipment wiki at

For further information:

For further information: Vicki Cunningham, Corporate Communications
Specialist, Ritchie Bros. Auctioneers, Mobile: (604) 329-7663, or email
vcunningham@rbauction.com; Or Adam Pruss, Area Manager, Ritchie Bros.
Auctioneers, Surrey auction site, tel: (604) 580-0166; On-site media contact
at groundbreaking event: Kim Schulz, Corporate Communications Manager, Ritchie
Bros. Auctioneers, Mobile: (604) 788-5379 or email kschulz@rbauction.com

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