Richmond Minerals Inc.

January 14, 2010

TSX Venture: RMD

 

TORONTO, Jan. 14 /CNW/ – Richmond Minerals Inc. (the “Company”) announces that it has granted the following stock options:

 

a)  800,000 options to directors and officers pursuant to the stock
        option plan approved by the shareholders on January 13, 2010. The
        options are exercisable at $0.10 per share, vest immediately, and
        expire in five years; and

    b)  300,000 options to two consultants, effective January 14, 2010,
        exercisable at $0.10 per share, vesting as to 1/4 of the options in
        any three month period, and expiring in two years.

 

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.

 

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.

 

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For further information: Birks Bovaird, President and Chairman, Richmond Minerals Inc., (416) 603-2114, info@richmondminerals.com

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