Vancouver, BC: Ross River Minerals Inc. (TSX-V: RRM) (the “Company”) reports its consolidated financial and operating results for the year ended December 31, 2012. This press release should be read in conjunction with the Company’s audited consolidated financial statements and Management’s Discussion and Analysis for the year ended December 31, 2012, available on SEDAR at www.sedar.com.
The Company reports a net loss and comprehensive loss of $6,706,485 for 2012 compared to a net gain and comprehensive gain of $20,689 for 2011(restated). During the year ended December 31, 2012, the Company has recorded an impairment of its interests in the El Pulpo property of $6,116,080 due to the Company’s inability to successfully negotiate an acceptable agreement to further explore the mineral property either by way of financing or joint venture.
Due to current market conditions, the Company has cancelled the balance of the $250,000 financing announced February 5, 2013 of which $214,500 closed as announced on February 15, 2013.
To find out more about Ross River Minerals (TSX-V: RRM) visit our website at www.rossriverminerals.com.
Per: “Marcus N. Foster”
Marcus N. Foster, President
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered in the United States Securities Act of 1933, as amended (the “US Securities Act”) or any state securities laws and may not be offered or sold within the United States or to US Persons unless registered under the US Securities Act and applicable securities laws or an exemption from such registration is available.