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Exploration Update

Richmond Minerals Inc. and Mag Copper Ltd. (QUE: CNSX) are pleased to provide an update on its Bondy Gneiss Complex 50/50 joint venture project located approximately 30 kilometres southeast of Mont Laurier, Quebec.

A diamond drill program will begin on or about December 8, 2011 to test the EM-1 electromagnetic and co-incidental magnetic anomaly located within the central project area. A minimum of three holes are planned to test the anomaly along the extent of its strike length. Elevated values for zinc (up to 2%), molybdenum and copper have been obtained in grab sampling of EM-1 surface exposures. Drilling in 2008 of a copper showing associated with an induced polarization anomaly located approximately 1 km south returned 0.21% copper with elevated values for gold and silver over a 37.45 metre interval.

Warren Hawkins, P.Eng, a “Qualified Person”, within the meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical information contained in this news release. Mr. Hawkins is not considered to be “independent” of the Corporation (as defined in National Instrument 43-101), as he currently holds securities of the Corporation.

Neither 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 release.

This news release contains certain “forward-looking statements”. All statements, other than statements of historical fact that address activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future are forward looking statements. These forward-looking statements reflect the current expectations or beliefs of the Corporation based on information currently available to the Corporation. Forward-looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Corporation. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: the incompletion of exploration work due to severe weather conditions, mechanical breakdowns, blockades or other factors. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Corporation believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

On Behalf of Richmond Minerals,

Franz Kozich,

For further information:

Richmond Minerals Inc.
133 Richmond Wt. W, Suite 403
Toronto, Ontario M5H 2L3
(416) 603-2114