TORONTO, Sept. 9 /CNW/ - Richmond Minerals Inc. (Richmond) (TSXV: RMD) is pleased to announce that it has entered into an Earn in Option Agreement ("Agreement") on August 31, 2009 with Vendome Capital II Corp. ("Vendome"), a capital pool company. Vendome may earn a 51% interest in Richmond's Guibord Property, located in the Abitibi Greenstone Belt which hosts the Porcupine and Kirkland Lake mining camps, upon payment of $25,000 and the issuance of 600,000 common shares of Vendome to Richmond within one year of receiving the Final Exchange Bulletin, as well as incurring a minimum of $250,000 in exploration expenditure within 2 years of the Final Exchange Bulletin. The deemed price of the common shares of Vendome is $0.10 per common share for a total deemed value of $85,000. The transaction shall serve as Vendome's Qualifying Transaction as defined in Policy 2.4 of the TSX Venture Exchange and is subject to approval by the Exchange.

The Letter of Understanding between Richmond and Vendome entered into earlier this year with respect to the Company's Lac Colombet Property has been terminated.

Mr. Birks Bovaird, President of Richmond, comments: "These are exciting times for Richmond. We are very pleased to have entered into this agreement with Vendome who will take over the exploration activities that will be conducted on the Highway 101 property in accordance with the previous recommendations included in a National Instrument 43-101 technical report. In addition, negotiations with Long Point First Nations regarding the Halle Township property, one of the properties in the Joint Venture with Fort Chimo Minerals, continue to be positive and it is anticipated that a Memorandum of Understanding will be finalized by the end of September."

	    We seek safe harbor.

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For further information

Birks Bovaird, president or Warren Hawkins, Exploration Manager, Telephone: (416) 603-2114, Facsimile: (416) 603-8436, E-mail: [email protected]