Richmond Minerals Inc. - Corporate Update

TORONTO, April 16, 2015 /CNW/ - Richmond Minerals Inc.  (TSX-V: RMD) ("Richmond" or the "Company") is pleased to announce that effective April 15, 2015 Mr. Lee Bowles has been appointed to the Board of Directors (the "Board"). Mr. Bowles is the Principal of Ironstone Capital Corporation, has been in the investment business since 1994 and has worked for several leading independent investment dealers in Toronto, New York and London in the areas of fixed income trading, investment banking and institutional equity sales. He is credited with helping build one of Canada's leading resources focused investment dealers and has provided institutional equity sales coverage with a focus on European based institutions. Mr. Bowles will sit on the Board as an independent director and will chair the Company's audit committee. 

The Company also announces the receipt of its exploration permit for the Aguara East grid area of the Swayze Gold Property from the Ontario Ministry of Mines and Northern Development. The permit allows for diamond drilling in excess of 20 pads and expires in April 2018.  

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release constitute forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that the litigation will be resolved. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

Neither the 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 news release.

On Behalf of Richmond Minerals,

{signed}

Franz Kozich
President and CEO

SOURCE Richmond Minerals Inc.