RIO Rio2 Limited New

Rio Alto Mining Limited ("Rio Alto") (TSX
VENTURE:RIO)(BVLAC:RIO)(DBFrankfurt:MS2) is pleased to announce the appointment
of Drago Kisic Wagner to its Board of Directors to serve until the Company's
next Annual General Meeting. Mr. Kisic specializes in investment banking,
finance and macroeconomics. He holds a B.S. from Pontificia Universidad Catolica
del Peru and a Masters degree (B-Phil) from Oxford University.


As a founding partner and current Director of MACROCONSULT and MACROINVEST, Mr.
Kisic advised the Government of Peru during the privatization of Centromin,
Minero-Peru, Hierro-Peru and Peru's telephone and telecommunications companies
CPT and ENTEL-Peru. Mr. Kisic is a member of the board of SIA (a cement
company); Mapfre and Mapfre Peru Vida (insurance companies); Haug (a steel
contractor); Corporacion Rey and Teditex (textile related companies); and Banco
Financiero (a commercial bank). Currently, he is President of the Peruvian
Institute of Economics and Politics and Bodega San Nicolas and is a member and
former President of the Peruvian Center for International Studies (CEPEI) and
the Peruvian Institute of Business Management (IPAE). Drago was advisor to the
Executive Director of the World Bank, and was President of CONASEV (the Peruvian
securities and companies' regulatory authority) and Vice-president of the Lima
Stock Exchange (BVL).


Mr. Kisic was the former head of the Economic Office and Manager of the Balance
of Payments & External Sector Bureau of Peru's Central Reserve Bank and a former
member of the Advisory Committee of the Ministry of Foreign Affairs. He was also
the Head of the Border Integration Team during the peace negotiations between
Peru and Ecuador, ten years ago.


Klaus Zeitler, Chairman, commented that "Drago is an outstanding individual
whose extensive knowledge of financial markets and experience with Peruvian
government and international affairs will allow him to make a tremendous
contribution to Rio Alto. We are extremely fortunate to have him join our team."


Rio Alto has granted options to purchase 180,000 common shares of the Company to
Mr. Kisic. These options are fully vested, expire on March 15, 2015 and have an
exercise price of $0.70 per common share.


Rio Alto is developing the La Arena gold oxide project into production by the
end of 2010. The Company expects to release a summary of an updated NI 43-101
technical report for the La Arena gold oxide project and gold/copper/molybdenum
sulphide project by the end of March.


To learn more about Rio Alto Mining Limited, please visit: www.rioaltomining.com

Forward Looking Statements

Certain statements contained herein constitute forward-looking statements,
including the expected timing for the development of the La Arena Gold Oxide
Project and the provision of an updated NI 43-101 technical report. Rio Alto
believes the expectations reflected in these forward looking statements are
reasonable but no assurance can be given that these expectations will prove to
be correct and such forward-looking statements in this press release are made as
of the date of this press release and Rio Alto disclaims any intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise, except as expressly
required by applicable securities legislation.


ON BEHALF OF THE BOARD OF RIO ALTO MINING LIMITED

Feisal Somji, B.Sc., MBA, President and Chief Executive Officer

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