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PMET.TO ·

Rio Grande Not Proceeding with Option on Uranium Property

Property Options & Staking

Rio Grande Mining Corp.

Suite 1128, 789 West Pender Street Vancouver, BC, V6C 1H2 Tel: (604) 669-9330 Fax: (604) 669-9335

FOR IMMEDIATE RELEASE November 22, 2013

RIO GRANDE NOT PROCEEDING WITH OPTION ON URANIUM PROPERTY

November 22, 2013, Vancouver, British Columbia: Rio Grande Mining Corp. (RGV: TSX.V) (the “Company”) advises that due to current market conditions and further to its press release dated September 25, 2013 the Company is not proceeding with the uranium property acquisition from Canadian International Minerals Inc., as well as the concurrent financing and granting of stock options also announced at this time.

On behalf of the Board of Directors,

“ROBERT FINDLAY”

Robert Findlay, Director

We seek safe harbor.