Rio Cristal Zinc Corporation
TSX VENTURE : RCZ

Rio Cristal Zinc Corporation

March 23, 2009 09:30 ET

Rio Cristal Zinc Announces Management Changes

VANCOUVER, BRITISH COLUMBIA and LIMA, PERU--(Marketwire - March 23, 2009) - Rio Cristal Zinc Corp. ("RCZ" or the "Company") (TSX VENTURE:RCZ) announces the appointment of Thomas Findley to the position of President and Chief Executive Officer effective April 1, 2009. Mr. Findley will also retain his position as a Director of the Company.

Mr. Findley is one of the founders of the Company. He has almost 40 years of financial experience in the mining industry including positions such as Treasurer and later Managing Director of Project Development at Asarco Inc. (NYSE), CFO at Southern Peru Copper Corp. (NYSE and BVL) and CFO at Peru Copper Inc. (TSX and BVL). He is also President and CEO of Global Vista S.A. a consulting company in Lima, Peru where he resides.

Charles Preble, Chairman of RCZ, said, "We are pleased to have Tom take on his new role with the Company. His significant financial experience in mining and exploration will be critical in guiding the Company through these very difficult times."

The Board of Directors of RCZ and Mr. Findley have agreed that he will receive Company stock options and that further compensation will be entirely incentive based. The Board will periodically review the performance of the Company compared to its objectives as well as its financial situation before determining compensation for Mr. Findley.

Mr. Findley succeeds Mr. Charles Ushela, also one of the founders of the Company. Mr. Preble thanked Mr. Ushela for his enthusiasm and hard work during his tenure as President and CEO. Mr. Ushela will remain as a Director of the Company and will continue to contribute as a member of the RCZ team.

The change implemented by RCZ Board of Directors is part the Company's strategy to take the Company through the current period of market uncertainty.

About Rio Cristal Zinc Corporation

Rio Cristal Zinc is a Canadian corporation focused on the discovery and further development of zinc deposits in Peru. The principal asset of RCZ is the Charlotte Bongara claim block located in northern Peru within an emerging Mississippi Valley-type zinc district. Additional information can be found on the Company's website, www.riocristalzinc.com.

This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding potential exploration results, future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future results, events and objectives could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Rio Cristal's expectations include exploration and other risks detailed from time to time in the filings made by the Company with securities regulators.

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

Contact Information