Vancouver, BC, January 16, 2014: Rio Grande Mining Corp. (RGV: TSX.V) (the “Company”) announces that Mr. Adrian Lamoureux has joined the company’s board of directors and was appointed President & CEO to fill the vacancy created by resignation of Mr. John Bevilacqua. Mr. Bevilacqua resigned in order to focus on other professional commitments and business interests.

Mr. Lamoureux has worked in the venture capital markets for the past 8 years, specializing in the design and implementation of market strategies and corporate development. Mr. Lamoureux has particular expertise in the mineral exploration and development sector. During his time working in the venture capital markets, Mr. Lamoureux has financed a number of successful private and public companies. The Company wishes to thank Mr. Bevilacqua for his contribution and assistance to the Company over the past several years and wishes him the very best in his future endeavours, and welcomes Mr. Lamoureux to the Board.

The Company is also pleased to announce that Mr. Michael Schuss will become the V.P. of Exploration and will join the board of directors. Mr. Schuss has over 30 years experience in mining exploration and capital markets. During that period he has worked with several underground mining and surface drilling contractors, as well as being director, officer and consultant to several V.S.E., A.S.E., and T.S.X. Venture companies. Mr. Schuss first traveled to China in 1989 and to Africa in 1993, and consulted for some of the first Canadian juniors to operate in those regions. Mr. Schuss’ work resulted in a million ounce gold deposit being developed from grassroots exploration, and 3 separate joint ventures with a world-class gold producer and two mid-tier gold producers. In recent years, he has specialized in the industrial metals sector.

The Company welcomes Mr. Schuss as V.P Exploration and to the Board.
On behalf of the Board of Directors,

Dusan Berka, P. Eng.

Chief Financial Officer and Corp. Secretary

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX V Exchange) accepts responsibility for the adequacy or accuracy of this release.


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