Rio Alto Announces Net Income of US$100.4 Million for 2012

Marketwired

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Mar 28, 2013) - Rio Alto Mining Limited ("Rio Alto") (TSX:RIO)(LMA:RIO)(NYSE:RIOM)(DBFrankfurt:MS2) announces that for 2012 net income amounted to $100.4 million or $0.58 per share and that cash flow from operating activities was $97.6 million.

Anthony Hawkshaw, Chief Financial Officer and Director, remarked that, "Earnings of $100 million and operating cash flow of $98 million is a remarkable achievement for the Company's first year of commercial production. This achievement sets a benchmark for the current year. The Board of Directors expresses its appreciation to everyone involved with the mine operations and the support staff for their dedication and hard work. This result would not have been possible without everyone's contribution."

To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com or Rio Alto's SEDAR profile at www.sedar.com.

ON BEHALF OF THE BOARD OF

RIO ALTO MINING LIMITED

Anthony Hawkshaw, CFO & Director

Contact:
Rio Alto Mining Limited
Anthony Hawkshaw
CFO & Director
+1 416 626 1401 or +511 625 9900
tonyh@rioaltomining.com
Rio Alto Mining Limited
Alejandra Gomez
Investor Relations
604.628.1401
866.393.4493
alejandrag@rioaltomining.com
www.rioaltomining.com

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