4100 – 6A Street NE
                             Calgary, Alberta
                                   T2E 4B1

August 12, 2008  
Trading Symbol : RMC

Rich Minerals Corporation Announces President for Brazilian Operations

The Company is pleased to announce the appointment of Juliano Magalhães Macedo, PhD as president of our wholly owned subsidiary, RMC Exploração Petrolifera Ltda., in Brazil.  Dr. Macedo holds a PhD in Structural Geology and Tectonics, University of Illinois, USA and both a M.Sc. Structural Geology and a B.Sc. Engineering Geology, Escola de Minas, UFOP, Brazil.

Before starting his own consulting company Dr. Macedo worked 18 years for Petrobrás, from 1982 to 2000. In 1997, while still with Petrobrás, his main responsibilities were to develop new joint ventures with foreign companies, onshore and in the deep-water region of Santos and Potiguar basins, and he achieved the proposed results in both basins. Recently he has assisted several companies to identify potential prospects and to coordinate the execution of the exploratory program in a total of 55 blocks in Potiguar and Sergipe-Alagoas Basins. From the work of his group, resulted a few partnerships with other companies and discoveries in the Potiguar Basin.

Dr Macedo has also been responsible for the development of integrated petroleum system projects in  Brazilian basins in a multi-client mode and in Mexican basins in a proprietary mode. The main projects included oil and source rock studies, onshore and offshore surface geochemistry, reservoir geochemistry, basin analysis, petroleum systems quantitative modeling, and exploration block assessment.   Dr. Macedo has also been responsible for identifying, selecting and developing projects alone or in partnerships in Venezuela, Ecuador, Columbia, Libya and the country of Angola. Dr. Macedo has extensive international experience. 

"We welcome Juliano as the president of our Brazilian subsidiary. Juliano's wide-ranging industry experience, in particular in the field of identifying potential projects and coordinating their exploration, will prove valuable toward our goal of rapid growth in Brazil," commented Bernard Chamberland, Chairman and CEO. 

Subject to obtaining approval from the exchange, the Corporation will be granting Dr. Macedo an option to purchase 275,000 common shares of the Corporation at a price of $0.20.

Tier Status

In accordance with TSX Venture Exchange Policy 2.5, Rich Minerals Corporation has not maintained the requirements for a Tier 1 company.  Therefore, effective Tuesday August 12, 2008, the company’s tier classification will change from Tier 1 to Tier 2.  

About Rich Minerals Corporation

Rich Minerals Corporation is qualified as an on-shore operator and was a successful bidder for oil and gas concessions in the 9th round of auctions held in Brazil, November, 2007 and is currently outlining its 2008 work program on its concessions in the Potiguar Basin.


Rich Minerals Corporation:
Debra Senger
4100 6A Street N.E. Calgary, Alberta T2E 4B1
Telephone: 403 531 9100 Fax: 403 531 9699
Investor Relations:
Anderson Financial Marketing:
Christopher R. Anderson

Telephone: 403 668 7693 or 604 628 7065

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.