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Mr. Nicholas Gallagher Joins Goldrich Mining Board of Directors

SPOKANE, WA - November 1, 2016 - Goldrich Mining Company (OTCBB: GRMC) (“Goldrich” or the “Company") is pleased to announce that Mr. Nicholas Gallagher has joined the Company’s board of directors, effective immediately.

Mr. Gallagher brings a strong track record of diverse business experience to the board of directors. He obtained a Bachelor of Law degree from the University of Newcastle in the 1990’s and then became a qualified solicitor of the Supreme Court of England and Wales. In 2000, Mr. Gallagher co-founded Powerscourt Capital Partners, a niche investment firm that managed funds of high net worth individuals throughout Europe. After Powerscourt was acquired in 2004, Mr. Gallagher incorporated NGB Capital, where he continues to oversee personal and syndicated private equity investments throughout Europe and the United States.

“On behalf of Goldrich I would like to welcome Nick to the team,” stated Company Chairman of the Board Mr. William Orchow. “His expertise in the European financial markets and his business experience will further strengthen our board of directors.”


This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward looking statements concern use of proceeds and potential exercise of the warrants. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, budgets, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “estimates” or “intends”, or stating that certain actions, events or results “may”, “could”, “would”, “might”, “should” or “will” be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those expressed or implied by the forward-looking statements. Investors should not place undue reliance on any forward-looking statement and should consider the uncertainties and risks discussed in in the Company’s latest Annual Report on Form 10-K and Quarterly Report on Form 10-Q under the heading “Risk Factors”, filed with the U.S. Securities and Exchange Commission (the “SEC”) and available on the SEC website or, as well as the Company’s other SEC filings. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events, except as required by law.

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