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Ross River Minerals Inc

Ross River Completes Acquisition of El Pulpo

Vancouver, Canada (ots/PRNewswire)

Ross River Minerals Inc.
(TSX-V: RRM) (the "Company") and its wholly  owned subsidiary Minera
Rio Ross S.A. de C.V. ("Rio Ross") are pleased to  announce that they
have completed the acquisition of the El Pulpo project  from Almaden
Minerals Ltd. ("Almaden") and its wholly owned subsidiary  Minera
Gavilan S.A de C.V. ("Minera Gavilan"). The Company has issued 2.2
million shares to Almaden. Minera Gavilan will retain a 2% NSR
royalty  regarding any minerals removed from the Gavilan, Gavilan II
and Gavilan 3  concessions, of which half (a 1% NSR) can be purchased
by Rio Ross for fair  market value as determined by an
internationally recognised engineering  firm acceptable to both
parties.
In addition to transferring the Gavilan, Gavilan II and Gavilan 3
concessions, Almaden and Minera Gavilan have also acknowledged that
they  have no further interest in the Polo and Los Frayles (Title No.
212809) and  the Los Frayles (Title No. 223308) concessions which
form part of the El  Pulpo project. Rio Ross has the option to
acquire 100% of the right, title  and interest in the Polo and Los
Frayles (Title No. 212809) concessions for  US$117,000. Rio Ross is
currently paying the optionors US$1,000 per month  with the balance
due on April 23, 2006. The optionors retain a 1% NSR  royalty which
can be purchased by Rio Ross for US$300,000. Rio Ross has  also
acquired 100% of the right, title and interest in the Los Frayles
(Title No. 223308) concession. The optionor has retained a 1% NSR
royalty  which can be purchased by Rio Ross for US$300,000.
The Company will issue to Almaden an additional 1.0 million shares
when  exploration and development expenditures on the property meet
or exceed US$ 10.0 million and an additional 1.0 million shares on
the delivery of a  positive feasibility study recommending production
on any part of the  property. The option agreement dated April 10,
2003 between Almaden and  Minera Gavilan and the Company with respect
to the project has been terminated.
The El Pulpo project is located 125 kilometres northeast of
Mazatlan,  Sinaloa State, Mexico and covers an area of approximately
200 square  kilometres (20,231 hectares). Ross River has identified
four gold-silver  vein and five porphyry
copper-gold-silver-molybdenum targets with only a  third of the
property explored to date. The porphyry targets appear to be
components of a major enriched hydrothermal system. The Company is
now in a  position to accelerate the exploration of the multiple
targets on the  property and pursue alternate financing
opportunities.
To find out more about Ross River Minerals Inc. (TSX-V: RRM) visit
our  website at www.rossriverminerals.com.
ROSS RIVER MINERALS INC.
    Per: "Marcus Foster"
    Marcus N. Foster, President
    The TSX Venture Exchange has not reviewed and does not accept
    responsibility for the accuracy or the adequacy of this release.

Contact:

For further information: ROSS RIVER MINERALS INC., No. 1004 - 750
West Pender Street, Vancouver, BC, V6C 2T7, Telephone:
+1-(604)-682-2770, Facsimile: +1-(604)-682-2331

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    Mineralization Expanded on Minitas Prospect at El Pulpo

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  • 25.04.2005 – 22:21

    New Porphyry Discovery at El Pulpo

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  • 17.03.2005 – 20:16

    Daniel Munter Appointed Advisor to El Pulpo Porphyry Copper Project

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