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Rio Moche Exploration Inc.: Announcement

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MONTREAL, QUEBEC -- (Marketwire) -- 01/22/13 -- Rio Moche Exploration Inc. a private mining company now continued in Canada and operating out of Montreal (formerly Trinity Mining Holding A.G. a Swiss company listed on the Frankfurt Exchange) is pleased to announce that it has closed on January 18, 2013 a $ 2,000,000 private placement with GoldCorp Inc. of Vancouver. Goldcorp has subscribed to 8,000,000 common shares of Rio Moche at a price of CDN $0.25 per share, representing 15.6% of Rio Moche's capital on a fully diluted basis.

As an inducement to enter into this private placement, Goldcorp was also granted (i) certain anti-dilution rights entitling it to participate in future equity offerings of Rio Moche, (ii) a right of first refusal in the event of the sale of Rio Moche's flagship Caupar property in Peru and (iii) a warrant entitling Goldcorp to enough treasury shares of Rio Moche to increase its interest to 51% of the total issued and outstanding shares of Rio Moche. This warrant can be exercised within five years of the closing at a price equal to the fair market value of the shares less the maximum discount allowed under the rules of the TSX Ventures Exchange.

Prior to the private placement, Rio Moche had 41,908,710 shares outstanding and 4,195,000 stock options issued.

The proceeds from the private placement will allow Rio Moche to drill test, by reverse circulation method, in wholly owned Caupar gold-silver property (subject to a 2.5% NSR in favor of Iamgold) located some 2.5 hours by road, east of the coastal city of Trujillo, Peru.

Infrastructural facilities including water and electricity are available near by and the property is within an area of intensive mining activities. Alto Chicama (Barrick), Quirovilca (Pan American Silver), La Arena (Rio Alto) etc.

According to the February 29, 2012 43-101 report by independent consulting geologist Alain Vachon, exploration programs carried by Trinity-Iamgold-Cambior, have allowed Sociedad Minera Trinity Peru S.A.C, a 100% owned subsidiary of Rio Moche, delineate a gold-silver mineralized oxidized zone, 3.0 km in length (N-E direction) by 700m wide and about 100 m in thickness, where more than 33% of all the rock and soil samples collected (1,081 out of 3,286) have returned gold values greater than 0.1 g/t Au. This oxidized zone overlies what could be a deeply seated porphyry copper system.

Discovery drill hole C-2008-04 by Trinity returned from surface, an average value of 0.341 g/t Au and 10.2 g/t Ag over a length of 73 m. The last 21 m were 0.78 g/t Au and 19 g/t Ag. Several widely spaced (500 m) parallel long (up to 700 m) trenches have been dug so as to intersect the two main perpendicular stockwork structures known to exist on the property and have given some good results such as: 0.26 g/t Au over 90 m and then 0.47 g/t Au over 78 m (tr-04), 0.29 g/t Au over 86 m (tr-02), 0.30 g/t Au over 210 m (tr-03) and on.

This kind of mineralization in oxidized material is typical of a low grade, large tonnage deposit that could lend itself to a run of mine and heap leaching operation. In similar environments in Peru, the Yanacocha (Newmont), Alto Chicama (Barrick), La Arena (Rio Alto) and Aruntani (Guido del Castillo) gold mines operate at a cut off grade as low as 0.11 g/t Au.

Metallurgical tests done by Kappes Cassidy in Reno, NV, on material from Caupar indicate recoveries of 84% for gold and 38% for silver. This is very good for a heap leaching process. Silver recovery increases with an increased presence of the metal, although there is no silver on surface.

There are several hundred million tonnes of gold mineralized oxidized material to be evaluated at Caupar. The property is well located on the flat top of a mountain and at an altitude of 3,400 to 3,700 m above sea level. There are no farming activities on the site.

Jean Depatie, Chairman of Rio Moche stated: "this private placement will give us the necessary financial resources to improve our knowledge of this exciting property and to complete our corporate reorganization by evaluating the possibilities of a public listing in Canada. We are grateful to Goldcorp for the trust they have placed in us in what is a difficult environment for junior resource companies."

Prospective Statements, Quality Control and Assurance:

Jacques Trottier PhD., Geol., is the "Qualified Person", as defined by National Instrument 43-101, who has read and approved the technical and scientific information in this news release.

Statements in this press release contain forward-looking information within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Readers are cautioned that assumptions used in the preparation of forward-looking information may prove to be incorrect. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, level of activity, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors which are beyond the control of Rio Moche that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors could cause results to differ materially from those expressed in the forward-looking information include, but are not limited to: stock market volatility, access to capital, commodity prices and general economic conditions. Industry related risks could include, but are not limited to: operational risks in exploration, development and production; delays or changes in plans; competition for and/or inability to retain other services; competition for, among other things, capital, acquisitions of reserves, undeveloped lands, skilled personnel and supplies; risks associated to the uncertainty of reserve estimates; governmental regulation, including environmental regulation; geological, technical, drilling and processing problems and other difficulties in producing reserves; the uncertainty of estimates and projections of costs and expenses; incorrect assessments of the value of acquisitions; the need to obtain required approvals from regulatory authorities and other factors. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information contained in this news release is expressly qualified by this cautionary statement. Rio Moche does not undertake any obligation to update or revise any forward-looking statements to conform such information to actual results or to changes in expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.



Contacts:
Jacques Trottier
PhD., geol, Pres.
514-866-8209
jacques_trottier@msn.com

Jean Depatie
BA, MSc., Chairman
514-866-8209
jean.depatie@sympatico.ca



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