Mr. Anthony Hawkshaw reports

RIO ALTO NOW AN ELIGIBLE INVESTMENT FOR PERUVIAN PENSION FUNDS

The Superintendencia de Banca, Seguros y AFP of Peru (the Superintendent of Banking, Insurance Companies and Pension Funds) has determined that Rio Alto Mining Ltd.'s common shares are eligible as an investment for Peruvian pension funds.

Anthony Hawkshaw, director and chief financial officer, remarked, "Listing our common shares on the Lima Stock Exchange was an important step in gaining the confidence of Latin American investors and recognition by the Superintendencia of the company's emergence from a junior mine developer to a 200,000-ounce-per-year gold producer will further enhance the Peruvian market's perception of Rio Alto."