Richmond Finalizes Sale of Austrian Claims to Stella Investment

Richmond Finalizes Sale of Austrian Claims to Stella Investment

TORONTO--(BUSINESS WIRE)--April 29, 2025--Richmond Minerals Inc. (TSXV: RMD)

(“Richmond” or the “Company”) is pleased to announce that an agreement between Stella

Investments Limited and Richmond has been finalized. 2743718 Ontario Inc. (Ontario), a

subsidiary of Richmond Minerals Inc. has sold, and Stella Investments Limited Ras Al Khadijah,

United Arab Emirates has acquired, 100% of the rights, title, and interest in the Schellgaden and

Kreuzeck-Goldeck areas, Leogang East and West properties and the Brixlegg Property. A total

of 631 licenses has been sold. Pursuant to the sale, Stella Investments Limited has issued to

Richmond $25,000 in cash (USD).

To complete the companies withdrawal from Austria the license areas of Seekar (2 Freischürfe),

Zinkwand (9 Freischürfe), Oberzeiring (99 Freischürfe) and the „Graphite Group“ licenses of

Fürholz, Hengstberg, Mühldorf, Wurschenaigen, St. Marein, Ranzels, Zettlitz, and Rabesreith

(219 Freischürfe) have been returned.

On behalf of Richmond Minerals Inc.

Franz Kozich,

CEO

About Richmond Minerals

Richmond Minerals Inc. is a mineral exploration company listed on the Toronto Venture Stock

Exchange (TSXV: RMD) which has been actively engaged since the early 1980’s in exploration

projects located in Ontario and Austria.

CAUTIONARY STATEMENT: This news release may contain forward-looking information

which is not comprised of historical facts. Forward-looking information involves risks,

uncertainties and other factors that could cause actual events, results, performance, prospects and

opportunities to differ materially from those expressed or implied by such forward-looking

information. Forward looking information in this news release includes, but is not limited to,

Richmond’s objectives, goals or future plans. Factors that could cause actual results to differ

materially from such forward-looking information include, but are not limited to, changes in

general economic conditions and conditions in the financial markets; the ability of Richmond to

raise funds; changes in demand and prices for minerals; litigation, legislative, environmental and

other judicial, regulatory, political and competitive developments; and those risks set out in

Richmond’s public documents filed on SEDAR. Although Richmond believes that the

assumptions and factors used in preparing the forward-looking information in this news release

are reasonable, undue reliance should not be placed on such information, which only applies as

of the date of this news release, and no assurance can be given that such events will occur in the

disclosed time frames or at all. Richmond disclaims any intention or obligation to update or

revise any forward-looking information, whether as a result of new information, future events or

otherwise, other than as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the

policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Contacts

David Ellis, Director

(416) 603-2114