High River Announces Change to the Board of Directors

January 24, 2013

TORONTO, ONTARIO--(Marketwire - Jan 24, 2013) - High River Gold Mines Ltd. ("High River" or the "Company") (HRG.TO) announces the resignation of Sergey Stepanov as a Director of the Company effective January 22, 2013.

About High River

High River is an unhedged gold company with interests in producing mines and advanced exploration projects in Russia and Burkina Faso. Two underground mines, Zun-Holba and Irokinda, are situated in the Lake Baikal region of Russia. Three open pit gold mines, Berezitovy in Russia and Taparko-Bouroum and Bissa in Burkina Faso, are also in production. Finally, High River has a 50% interest in an advanced exploration project with NI 43-101 compliant resource estimates, the Prognoz silver project in Russia.