Mr. Franz Kozich reports

RICHMOND MINERALS INC. - CORPORATE UPDATE

The Court of Appeal of Ontario has released an interim decision in connection with the appeal of the judgment in the Swayze property litigation. The court has ordered the appellants to provide security for both the costs previously awarded to Richmond Minerals Inc. by the trial judge, as well as an additional $25,000 for the anticipated costs of the appeal. On Oct. 9, 2014, Richmond Minerals (one of the four moving parties) moved for security of costs before the Court of Appeal of Ontario. In total the court ordered the appellants to provide $315,500 in security for costs. The appellants have 30 days to provide satisfactory security to the court. The appellants may not perfect the appeal until they have posted the necessary security.

We seek Safe Harbor.