Press Releases

Goldrich Wins Alaska Supreme Court Chandalar Mining Claims Case

Spokane, WA - October 2, 2012 - Goldrich Mining Company (OTCBB: GRMC) ("Goldrich") is pleased to report the Alaska Supreme Court, in a unanimous decision, has ruled in favor of Goldrich in its court case against Gold Dust, Inc. and Delmer and Gail Ackels. The Alaska Supreme Court ruling upheld all major issues in a previous ruling by the Superior Court of the State of Alaska that, amongst other things, awarded 20 mining claims to Goldrich that had been staked by Gold Dust and required Gold Dust to move off of mining claims held by Goldrich.

Bill Schara, CEO of the Company said, "We have been in court for almost five years concerning this case. It affected 20 of the 197 claims we hold at Chandalar and we were required to divert a significant amount of our time and resources to it. We are glad our mining rights have been substantiated by the final resolution of the case and we are now able to move forward unhindered."

A complete copy of the ruling by the Alaska Supreme Court can be obtained at http://courts.alaska.gov/ops/sp-6711.pdf.

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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