Altan Rio Completes Share Issuance for Drilling Settlement

TSX.V: AMO

VANCOUVER, Feb. 8, 2013 /CNW/ - Altan Rio Minerals Limited, TSX.V: AMO ("Altan Rio" or the "Company") announces that, further to the press release dated January 28^th, 2013, it has now completed the settling of debt for drilling services of $245,860 by issuing 1,606,928 shares at a deemed price of $0.153 per share to Erdenyn Erel LLC, a private Mongolian company.

On behalf of Altan Rio Minerals Limited,

"Evan Jones"

Evan Jones, President & CEO

This press release may contain forward looking statements including those describing Altan Rio's future plans and the expectations of management that a stated result or condition will occur. Any statement addressing future events or conditions necessarily involves inherent risk and uncertainty. Actual results can differ materially from those anticipated by management at the time of writing due to many factors, the majority of which are beyond the control of Altan Rio and its management.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Altan Rio Minerals Limited