Rhino Announces Non-Brokered Private Placement

RHINO EXPLORATION INC.

SUITE 200 – 551 HOWE STREET VANCOUVER, BRITISH COLUMBIA, V6C 2C2 Telephone: (604) 683-8610 Facsimile: (604) 683-8605

Trading Symbol: RHI

NEWS RELEASE

RHINO ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Vancouver, B.C. January 15, 2013- Rhino Exploration Inc. (the “Company”) (TSX-V: “RHI”) is pleased to announce that, subject to regulatory approval, it has arranged a non-brokered private placement for aggregate gross proceeds of $505,000 (the "Private Placement") through the issuance of 1.7 million flow-through common shares (the "FT Shares") at a price of $0.15 per FT Share and 2.5 million non flow-through shares (the "NFT Shares") at a price of $0.10 per NFT Share.

The Company will also pay a finder's fee in accordance with the policies of the TSX Venture Exchange.

Proceeds of the Private Placement will be used for work on the Company's mineral properties and for general working capital.

The Private Placement is subject to TSX Venture Exchange acceptance.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

ON BEHALF OF THE BOARD OF DIRECTORS

“Jeffrey Cocks”

____________________________________ Jeffrey Cocks, Chief Executive Officer and Director

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

This document contains certain forward looking statements which involve known and unknown risks, delays, and uncertainties not under the Company's control which may cause actual results, performance or achievements of the corporation’s to be materially different from the results, performance or expectation implied by these forward looking statements.

AC/1980125.1