RIO Rio2 Limited New

Rio Alto Mining Limited ("Rio Alto" or the "Company") (TSX
VENTURE:RIO)(OTCQX:RIOAF)(BVLAC:RIO)(DBFrankfurt:MS2) is pleased to report that
mine development activities at the La Arena Gold Oxide Mine resumed with the
evening shift on Friday, September 30 and planned productivity levels were
achieved on Saturday and throughout the weekend after resolution of the
previously announced (see press release of September 29) work stoppage. 


In 2009, the Company completed and filed an Environmental Impact Study for the
La Arena Gold Oxide Project, which was approved by government authorities in
July 2010. This process included extensive community consultations resulting in
a framework agreement with the La Arena community members. The agreement
included three principal undertakings by Rio Alto including the construction of
a new school, assistance with the selection and design of a new town site for
area residents and an education and training program to improve literacy and
provide training for technical skills necessary to work within the mining
industry. All of these undertakings have been initiated resulting in completion
of the first stage of the school during August making it ready for students,
finalization of a town site options study and the start of several training
courses. 


During discussions over the last several days, the Company agreed with the La
Arena community members to form a number of joint committees to monitor the
progress of the undertakings set out in the framework agreement and to improve
communication between area residents and the Company to help realize the
objectives of the framework agreement. For its part, the community agreed that
it members would not cause work stoppages without first entering into a dialogue
with the Company to discus any concerns.


Rio Alto is also pleased to announce that at its Annual General and Special
Meeting of Shareholders, held on September 29, 2011 in Lima, Peru, all of the
resolutions set out in the Company's notice of meeting were passed.
Additionally, the board of directors extends its appreciation for the
contributions made by Daniel Kenney who did not stand for re-election to the
board of directors. Daniel provided valuable insight and considered opinions to
the board since he was appointed as a director in June 2009. He will continue to
provide counsel in his ongoing role as the Company's Corporate Secretary.


Forward-Looking Statements

Certain statements made in this news release are forward-looking statements that
reflect Rio Alto's expectations regarding its mine development activities,
ongoing relationships with residents within the area of influence of the La
Arena Gold Oxide Mine, which could affect the Company's results of operations
and financial condition and such statements are subject to important risks and
uncertainties. Forward-looking statements may be identified by words such as
"anticipate", "expect", "believe", "may", "should", "estimate", "project",
"outlook", or other similar words or expressions of a conditional nature.
Forward-looking statements in this document are intended to provide Rio Alto
security holders and potential investors with information regarding Rio Alto and
its subsidiaries and Management's assessment of the Company's future financial
and operating plans and statements included or incorporated by reference in this
news release that address activities, events or developments that Rio Alto or
its Management expects or anticipates will or may occur in the future, including
such things as mining and mine development activities and community relations
programs at or near the La Arena Gold Oxide Mine and other such matters, are
forward-looking statements. Forward-looking statements involve known and unknown
risks, uncertainties and other factors that may cause the performance and
achievements of Rio Alto to be materially different from any future results,
performance or achievements expressed or implied by those forward-looking
statements. The risks include but are not limited to those risk factors set out
in the Company's Annual Information Form for the year ended May 31, 2011 and in
Rio Alto's other continuous disclosure documents that may be found within the
Company's SEDAR profile at www.sedar.com.


Rio Alto does not undertake to update any forward-looking information except in
accordance with applicable securities laws.


To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com
or Rio Alto's SEDAR profile at www.sedar.com.


ON BEHALF OF THE BOARD OF RIO ALTO MINING LIMITED

Alex Black, Director, President & COO

Grafico Azioni Rio2 (TSXV:RIO)
Storico
Da Nov 2024 a Dic 2024

Grafico Azioni Rio2 (TSXV:RIO)
Storico
Da Dic 2023 a Dic 2024