Press Releases

Goldrich Loss of Director

Spokane, WA – August 10, 2018 - Goldrich Mining Company (OTCBB - GRMC) (“Goldrich”) sadly reports the passing away of Charles G. Bigelow. Mr. Bigelow (“Riz”) has been a valued board member of the Company since 2003. All of us at Goldrich share this loss with heartfelt condolences to his family.

In addition to being a director of Goldrich, Riz was formerly the President of WGM Inc., an Alaska minerals consulting and contracting firm from 1972 to 2005. During his tenure he conceived, placed, and directed turnkey exploration programs for resource companies and syndicates. From 1962 to 1972, he managed Kennecott Corporation’s Alaska mineral programs. His projects culminated in the making of five of the six most notable metal mines to enter production in Alaska over the last 100 years (Greens Creek, Red Dog, Fort Knox, Pogo and Valdez Creek). Mr. Bigelow discovered the Ambler District and Chandalar Copper Belt, which share the southern Brooks Range mineral belt with the Company’s Chandalar Gold property.

Riz’s witty demeanor and remarkable geologic insights contributed greatly to the development of Goldrich. Riz will be sorely missed as an exceptional professional and as a dear friend.

FORWARD-LOOKING STATEMENTS

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 www.goldrichmining.com, 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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