Fortbridge Media Release

Rico Resources [ASX: RRI] - Upgraded Global Resource for Wonmunna Project of 84.3Mt at 56.5% Fe

Rico Resources (ASX: RRI) has provided updated Mineral Resource Estimates for the Wonmunna project�s NMM, CMM and SMM deposits, as well as an initial Mineral Resource Estimate for the EMM deposit. The previously announced strategic review of Wonmunna is ongoing with the assistance of Evercore Partners.

Highlights:

* Updated Mineral Resource Estimates for the NMM, CMM and SMM deposits
* Increased tonnes and grade across these deposits
* Significant upgrades of Inferred Resources to Indicated classification
* Maiden Mineral Resource Estimate for the EMM Deposit
* Wonmunna Strategic Review Ongoing

The Wonmunna Project comprises exploration licence E47/1137 and is located adjacent to the Great Northern Highway some 80km west of Newman. The project is strategically located in the heartland of the East Pilbara iron ore mining industry, with three major operating iron ore mines (West Angelas, Mining Area C and Hope Downs) located within 20km of the lease boundary, and adjacent to the yet to be developed Rhodes Ridge deposit.

The Wonmunna Project comprises four iron ore deposits, (NMM, CMM SMM and EMM) hosted by the Marra Mamba Iron Formation.

Please find more in the attached announcement.

For further information, please contact:

McAndrew Rudisill
Managing Director

Media/investor enquiries:

Bill Kemmery
Fortbridge
T: +612 9003 0477
M: +61 400 122 449
E:

Luke Dean
Fortbridge
T: +612 9003 0477
M: +61 414 535 433
E: