Spokane, WA - October 2, 2012 - Goldrich Mining Company (OTCBB: GRMC) ("Goldrich") is pleased to report the Alaska Supreme Court, in a unanimous decision, has ruled in favor of Goldrich in its court case against Gold Dust, Inc. and Delmer and Gail Ackels. The Alaska Supreme Court ruling upheld all major issues in a previous ruling by the Superior Court of the State of Alaska that, amongst other things, awarded 20 mining claims to Goldrich that had been staked by Gold Dust and required Gold Dust to move off of mining claims held by Goldrich.
Bill Schara, CEO of the Company said, "We have been in court for almost five years concerning this case. It affected 20 of the 197 claims we hold at Chandalar and we were required to divert a significant amount of our time and resources to it. We are glad our mining rights have been substantiated by the final resolution of the case and we are now able to move forward unhindered."
A complete copy of the ruling by the Alaska Supreme Court can be obtained at http://courts.alaska.gov/ops/sp-6711.pdf.