Rhino Exploration Inc. announces closing of Initial Public Offering

RHINO EXPLORATION INC. June 29, 2012 200 - 551 Howe Street Trading Symbol: RHI Vancouver, British Columbia V2C 2C2

Rhino Exploration Inc. announces closing of Initial Public Offering

The Board of Directors of Rhino Exploration Inc. (“Rhino” or the “Company”) are pleased to announce that it has successfully completed its initial public offering (the “IPO”) for gross proceeds of $705,000 under a prospectus dated April 13, 2012. Rhino issued 4,700,000 common shares at a price of $0.15 per share through its agent, Canaccord Genuity Corp. (the “Agent”).

The Agent has been paid a cash commission equal to 8% of the gross proceeds of the IPO together with a corporate finance fee comprised of a cash payment and 100,000 common shares. Additionally, the Company has granted non-transferable agent’s options to the Agent and members of its selling group entitling them to purchase up to 376,000 common shares of the Company at an exercise price of $0.15 per common share, exercisable on or before June 29, 2014.

The Company common shares are now listed on the TSX Venture Exchange (the “TSX-V”) but are subject to a halt. The Company expects that the halt will be lifted and the Company’s common shares will commence trading on the TSX-V on July 4, 2012 under the trading symbol “RHI”.

Rhino Exploration Inc. is a junior mining exploration company with an early stage exploration project in Quebec, Canada. Rhino’s sole property is the Watshishou property consisting of 37 mineral claims located in the Watshishou River Area, Quebec.

On behalf of the Board of Directors

“Jeffrey Cocks”

Jeffrey Cocks

Neither 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.