RLD.L Regulatory News (RLD)

24 March 2017

Richland Resources Ltd

("Richland" or the "Company")

Film Showcasing Mining, Cutting & Certification of Australian Sapphires

Since beginning development of a new sapphire hub on the historic 'Gemfields' of Queensland Australia, Richland Resources is today delighted to showcase its Capricorn Sapphire operations through a film created for investors and consumers alike. The film can be found on the homepage of our website: http://www.richlandresourcesltd.com.

The Capricorn Sapphire sales channel comprises of one of the largest coloured gemstone mines in the world, able to supply both business and individual consumers alike, with fully authenticated blue and fancy coloured sapphires. With a fully integrated beneficiation system Capricorn Sapphire also offers the opportunity for buyers to purchase rough and cut sapphires with full provenance through a sight-holder system or via our B2C retail portal: https://www.richlandgemstones.com.

Highlights from our Australian Sapphire film include:

- Overview of mine operations (commissioned in late 2015) and how we recover and grade our sapphires

- Environmental & rehabilitation commitments

- A look at our blue and coloured sapphires (greens & yellows) recovered in quantity

- Showing customers how our certification of cut sapphires works at Capricorn Sapphire's state of the art operations centre located in the town of Emerald, Queensland, Australia

The historic precious gems area of Australia known as the 'Gemfields' has been an important but little known contributor to the global sapphire market for over 120 years. Richland, through the Capricorn Sapphire brand, is proudly taking the opportunity to present Australian Sapphires to new audiences around the world. A Capricorn Sapphire gemstone comes with the assurance and certification of a world-class blue or exotic coloured natural sapphire, ethically mined and with no colour change additives. Richland Resources, quoted on the AIM market of the London Stock Exchange, also adheres to world-class accountancy and operational transparency standards and regulation.

Commenting on the update, Bernard Olivier, Chief Executive Officer, said:

"I am very pleased with the opportunity to showcase our world-class coloured gemstone mining, processing, sorting, grading and certification facilities and processes at Capricorn Sapphire through this promotional video. All our sapphires come with peace of mind that it was responsibly and ethically mined and processed to the highest international standards and are conflict free."

For more information please contact:

Further information is available on the Company's website: www.richlandresourcesltd.com. Neither the contents of the Company's website nor the contents of any website accessible from hyperlinks on the Company's website (or any other website) is incorporated into, or forms part of, this announcement.

The online retail division, www.richlandgemstones.com, was re-launched in H1 2016 and currently features a growing range of unique exotic coloured sapphires directly from the Capricorn mining operation as well as tanzanite sourced through the Company's ongoing connections and industry relationships following the historic sale of its tanzanite mine.