Press Releases

Goldrich Reports Completion of Drilling and Mining Equipment Mobilization

Spokane, WA - May 9, 2013 - Goldrich Mining Company (OTCBB: GRMC) (“Goldrich”) is pleased to report Goldrich NyacAU Placer, LLC (“GNP”), has successfully completed mobilizing equipment and supplies needed for its placer drill program and placer mining operation this summer at Chandalar, Alaska.  GNP is a 50/50 joint-venture company formed by Goldrich and NyacAU, LLC. (“NyacAU”) and managed by NyacAU to mine Goldrich’s various placer properties at Chandalar. Equipment and supplies with an approximate value of $4 million were delivered over the 90-mile winter trail between Coldfoot, Alaska and Chandalar.

Total investment in equipment and assets mobilized to the site for both exploration and mining activities, including equipment previously purchased, now exceeds $8 million. Bill Schara, CEO of Goldrich, notes, “We are very pleased with the progress being made. Both the placer drill program and the beginning of mining operations this summer have the potential to add significant value for Goldrich.”

FORWARD-LOOKING STATEMENTS

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements concern use of proceeds and potential exercise of the warrants. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, budgets, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might”, “should” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Investors should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed in in the Company’s latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q under the heading “Risk Factors”, filed with the U.S. Securities and Exchange Commission (the “SEC”) and available on the SEC website or www.goldrichmining.com, as well as the Company’s other SEC filings. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by law.

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