earn-in transaction for the Mitchell Lake Uranium Project, first announced on
Rio Grande Mining Corp.
Suite 1128, 789 West Pender Street Vancouver, BC, V6C 1H2 Tel.: (604) 676-9650 Fax: (604) 669-9335
RIO GRANDE MINING CORP. COMPANY UPDATE
April 30, 2014 – Rio Grande Mining Corp. (TSXV-RGV) (the “Company”) is pleased to announce that the Company has submitted a NI 43-101 Technical Report to the TSX Venture Exchange in support of an earn-in transaction for the Mitchell Lake Uranium Project, first announced on April 15, 2014.
Under the terms of the agreement, the Company can earn a 50% interest in the project from Unity Energy Corp. (TSXV-UTY) by making cash payments totaling $100,000 over the next 12 months and incurring $3,000,000 in exploration expenditures over 4 years.
In addition, the company has withdrawn its application to acquire the Pattyson Lake Property.
For more information please contact the Company at +1 604 676-9650 or email:
On behalf of the Board of Directors,
“ADRIAN LAMOUREUX”
President & CEO
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.