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RMD.V ·

Richmond Minerals Announces Board Appointment

Management Changes

Richmond Minerals Announces Board

Appointment

TORONTO

,

March 23, 2020

/CNW/ - Richmond Minerals Inc. (TSX-V: RMD) ("

Richmond

" or the

"

Company

") is pleased to announce the appointment of Mr.

Thomas Brunner

to

Richmond's

Board

of Directors.

Mr.

Thomas Brunner

is 50 years old, an Austrian citizen and since 2014 his primary focus has been

the Chairman & CEO of Swiss private limited company Aurex Biomining AG. ("Aurex"). Aurex is

the owner of a 100% interest in Austrian Silbermine Zeiring GmbH, which is the developer of

Austrian gold project Pusterwald, and former project operator of the Oberzeiring Polymetallic Project

that was purchased by

Richmond

on November 5, 2019. Mr. Brunner also operates his own private

Austrian energy brokerage (in the areas of electricity & natural gas). After studying communications

engineering and electronics at the Technical University of Steyr, Mr. Brunner started his own

company in 1989, at that time one of the

Austria's

youngest entrepreneurs at age 19. He has

founded and was a partner in various other ventures, working in positions such as manager,

managing director and CEO. Over the past 25 years Mr. Brunner has been a strategic investor in

several exploration & mining companies in various continents around the world. During his

professional career Mr. Brunner has developed fundamental geological and geophysical knowledge

and is familiar with the implementation of modern exploration techniques in current exploration

programs.

Richmond

welcomes Mr. Brunner to its management where his primary focus will be on the

development of the Oberzeiring Polymetallic Project.

CAUTIONARY STATEMENT: This news release contains 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, including successful completion of the Transaction and Offering. There is no guarantee that

the Transaction and Offering will be completed on the terms announced in this press release or at

all. 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 pursuant to the Offering; 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 TSX-V nor its Regulation Services Provider (as that term is defined in the policies

of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

SOURCE

Richmond Minerals Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/March2020/23/c6276.html

%SEDAR: 00009282E

For further information:

Franz Kozich, President, E: [email protected], E:

[email protected], Tel: 416-603-2114

CO: Richmond Minerals Inc.

CNW 17:00e 23-MAR-20