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PMET.TO ·

Rio Grande Appoints New Director and New CFO

Management Changes

Rio Grande Mining Corp.

Suite 1128, 789 West Pender Street Vancouver, BC, V6C 1H5 Tel: (604) 669-9330 Fax: (604) 669-9335

FOR IMMEDIATE RELEASE June 25, 2012

RIO GRANDE APPOINTS NEW DIRECTOR AND NEW CFO

Vancouver, BC, June 25, 2012: Rio Grande Mining Corp. (RGV - TSX-V) (the “Company”) is pleased to announce that Mr. Robert Findlay has been appointed a director of the Company.

Mr. Findlay has 23 years of experience in the mining and resource sectors, having served in various senior sales and management roles with Atlas Copco, a global leader in the manufacture of mining, drilling, construction and industrial equipment, from 1988 through 2004. Mr. Findlay has since worked with various mineral exploration and oil and gas issuers, including Simba Energy Inc., Lateegra Gold Corp., First Mexican Gold Corp. and West Hawk Development Corp. He is an honours graduate from Haileybury School of Mines (1987).

Mr. Casey Forward has resigned as Chief Financial Officer and director of the Company. The Company thanks Mr. Forward for his work with the Company.

Mr. Blair Way has been appointed Chief Financial Officer of the Company. He has resigned as Chief Operating Officer of the Company.

Shareholders are advised that, in place of Mr. Forward, Mr. Findlay will be one of the management nominees for directors to be elected at the Company’s Annual General Meeting scheduled for June 28, 2012. Management proxyholders intend to exercise the discretion granted in the proxies and vote in favour of the election of Mr. Findlay as a director. If any shareholders have voted by proxy and wish to amend their vote, they should follow the instructions on the proxy and Notice of Meeting.

On behalf of the Board of Directors,

John Bevilacqua President & CEO Rio Grande Mining Corp.

(604) 669-9330

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.