Toronto, Ontario. Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP, FSE: R05) reports results from a further 10,817m of diamond drilling, comprising 30 holes from surface and 44 holes from underground at the Pahtavaara Mine in Northern Finland’s emerging Central Lapland Greenstone Belt.   This drilling targeted two of the five zones (Karoliina/Wilhelmiina and North Flank West, see Figure 1) identified as areas of near mine mineral potential in close proximity to existing infrastructure. Other zones with either assays pending or to be drilled over the next few weeks include the high grade North Flank East Zone, Samurai Zone in the lower levels of the mine workings and Lansi to the west of the main pit.

James Withall, Chief Executive of Rupert said “The highlights of the results released today are a number of high grade intersections close to existing mine infrastructure as well an indication of a parallel zone to the north of the Karoliina and Wilhemiina zones. Whilst drilling remains focussed on targets close to the mine infrastructure, a reconnaissance fieldwork program has begun on the broader Pahtavaara property package. Initial prospecting work and geochemical sampling are underway to followup on targets identified from a review of historic sampling data and the interpretation of recent geophysics programs.”

Drilling results

Of the 74 holes reported today, 44 intersected mineralisation of over 1 gram per ton of gold (“g/t Au”).  The average drill hole length of this program of drilling was 100 – 150m targeting tighter centers and aimed to define mineralised blocks for stope planning.

Karoliina and Wilhelmiina

Karoliina and Wilhelmiina are located in the western area of the mine and were discovered in the last few years of Pahtavaara’s previous operation. Drilling targeting the known Wilhelmiina zone (30m north and parallel to Karoliina) intersected 16.1 g/t Au over 1.0m in 117344 in a previously open area providing further evidence of the continuity of this zone.  In Karoliina significant mineralisation was drilled in the Karoliina -10 zone where 117334 intersected 25 g/t Au over 6m (incl. 62.7 g/t Au over 1.9m) and 117331 where 6.7 g/t Au was intersected over 14m (incl. 32.7 g/t Au over 1.7m). This portion of the Karoliina zone has been drilled at tight centres over an area of approximately 80m by 70m. Drilling at the Karoliina  -40 zone  targeted a high grade block in the eastern Karoliina plunge zone; drilling identified a 30m by 20m block.  The best result from this drilling was 11.7 g/t Au over 4.8m (incl. 30.6 g/t Au over 1.3m). These intersections are within 20m of existing mine infrastructure.

A number of underground drillholes have been completed to follow up on historic intercepts identified in the database to the north of the known Karoliina and Wilhelmiina horizons.  Hole 117331  intersected 7.2 g/t Au over 1m approximatley 90m north from the main Karoliina zone, identifying a potential  new parallel structure. The intersection was found within a 20m envelope of intense carbonate and quartz viening which is often coincident with gold mineralisation elsewhere in the deposit. This intersection is located 30m southwest of an historic intersection of  17.9 g/t Au over 2m (hole 112619) and  we are further encouraged by  the intercept in hole 117359 of 6.5g/t Au over 1.0m that is approximately 75m along strike.

Three longer holes were drilled below the western extension of the Karoliina zone and did not return significant results although the characteristic veining was present; it is thought they intersected outside of the higher grade plunging zones identified to the west and in the near surface horizons and may have not reached their target due to a potential change in the dip of the Karoliina zone at depth.

North Flank West

The North Flank West “NFW” zone is located to the north west of the northern most open pit. Previous drilling in North Flank West has defined multiple mineralised horizons outside the historically defined resource blocks.  This latest surface definition drilling of the North Flank West zone has yielded some further encouraging results in 117041 with 5.4 g/t Au over 4.2m from 186m, 117044 with 4.1g/t over 3m from 109m and 117038 with 10.8 g/t Au over 2m from 40m and 4.7g/t over 2.1m from 70m. These intersections fall outside areas of previously defined mineralisation in areas consistent with Rupert’s North Flank interpretation of Pahtavaara mineralisation.

The 4.7 g/t Au intersection in hole 117038 is located 25m along strike north east of a historical resource block. This intercept in 117038 is also located between intersections of 9.1 g/t Au over 1.0m and 4.1 g/t Au over 1.2m  (in hole 116062), and 2.7 g/t Au over 1.5m (in hole 109821). The high grade, 10.8 g/t Au intersection in 117038 appears to be located 23m along strike outside another resource block to the north and is approximately only 12m from the northern pit where mineralised material can be seen in the pit wall. The intersections of 5.4 g/t Au over 4.2m (hole 117041) and 4.1 g/t Au over 3.0m (hole 117044) are located between two historic resource blocks. A further significant intersection of 12.3 g/t Au over 1.2m in hole 117046 is located 30m below and along the dip of another historically defined resource block.

The drilling in the NFW zone continues to demonstrate the potential for the definition of new mineralised zones in close proximity to the historic working and contribute to the continuing improvement in the understanding of the Pahtavaara deposit.

Fieldwork activities

An initial three-week reconnaissance program has now been completed by a team of prospectors. This preliminary work is being followed up over the summer through a targeted geochemical sampling program. The focus of the work is on near mine targets indentified by Rupert’s 2016 IP survey and five targets on the Rupert property where the Sirkka Line (host to over 30 known gold occurances in the Central Lapland Greenstone Belt) intersects a number of potential structures identified by a new interpretation of geophysical data collected by the GTK (Geological Survey of Finland) and previous owners.

Underground activities

Initial remedial underground work has now been completed allowing drilling to take place from the lower levels of the mine.  This has created drilling locations to target the Samurai zone, the lowest extension of the main orebody.

Appointment of Managing Director of Finland Operations

The Company is also pleased to announce the appointment of Jukka Nieminen as Managing Director of Finland Operations. Jukka joined Rupert in March 2016 and was instrumental in the acquisition of the Pahtavaara Project for the Company. Jukka is a geologist by background with over 20 years of experience in the mining industry. He started his career with Outokumpu at the Forrestania Nickel mines in Western Australia before returning to Finland to work as a mine geologist at the Pahtavaara and the Orivesi Gold mines. After a number of years working on a series of high profile exploration projects in Finland, Jukka joined Northland Resources as a geologist before moving into a business development role responsible for Northland’s activities in Finland. Prior to joining Rupert Resources, Jukka was General Manager of Belvedere Mining’s Hitura nickel mine and CEO of the Belvedere’s Finnish operating subsidiary.  Jukka holds an Msc in Geology from the University of Turku.

Mineralization

Intercepts reported above are hosted by amphibolitized komatiites. The principal geologic control in the area is a linear structural corridor that trends east-west, forms multiple folds, and dips steeply to the north on the south side and steeply south on the north side. The mineralized zone identified on Rupert’s Pahtavaara property is characterized by hydrothermal alteration and mineralization within various phases of pervasively altered komatiites. Mineralization remains open at depth along the entire zone. The hydrothermal alteration and the Au-bearing veins associated with it are deformed. Because they were competent rocks (massive amphibole), they resisted deformation. They are therefore less deformed than the adjacent talc-chlorite schists. This implies early brittle deformation followed by ductile deformation. Hydrothermal fluids entered by fractures and faults, which explains why some alteration fronts are almost perpendicular to the schistosity. Gold occurs mostly as free gold, a smaller part is associated with magnetite.

Review by Qualified Person, Quality Control and Reports

In compliance with National Instrument 43-101, Mr. Mike Sutton, P.Geo. is the Qualified Person who supervised the preparation of the scientific and technical disclosure in this news release. Samples are assayed by CRS/Actlabs Finland at Takatie 6, 90440 Kempele Finland, who have ISO9001 sample prep and ALS Minerals at Sodankyla, Finland and Pitea, Sweden. All core is under watch from the drill site to the core processing facility. Samples are assayed using cyanide leach methods with AAS detection of Au. The Company’s QA/QC program includes the regular insertion of blanks and standards into the sample shipments, as well as instructions for duplication. Standards, blanks and duplicates are inserted at appropriate intervals. Approximately five percent (5%) of the pulps and rejects are sent for check assaying at a second lab with the results averaged and intersections updated when received. Core recovery in the mineralized zones has averaged 99%.

About Rupert

Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol “RUP”. The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland (see the Company’s November 9, 2016 press release). The Company also holds a 100% interest in the Gold Centre property, which consists of mineral claims located in the Balmer Township, Red Lake Mining Division of Ontario.

For further information, please contact:

This press release contains statements which constitute ”forward-looking statements”,including thestatements with respect to those that address potential quantity and/or grade of minerals, potential forminerals and statements regarding the plans, intentions, beliefs and current expectations of the Companywith respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company’s annual Management’s Discussion and Analysis for the year ended February 29, 2016 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.
Cautionary Note Regarding Forward Looking Statements 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.

Figure 1. Plan view of Pahtavaara showing Karoliina/Wilhelmiina and North Flank West “NFW”

Table 1. Pahtavaara drill results (weeks 15 – 23)

*Unless specified in this press release, true widths (TW) cannot be determined from the information available No upper cut-off grade was applied. Surface holes 117036, 117037, 117048, 117050, 117052 to 117054, 117056, 117058, 117061 to 117064 as well as underground holes 117327, 117328, 117345 to 117347, 117350 to 117352, 117354, 117356, 117363 and 117365 to 117368 did not intersect mineralisation with grades >1g/t Au.

Toronto, Ontario, Canada

 Listed: RUP – TSX-V
R05 – FSE

Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP, FSE: R05) reports results from a further 5,159m of diamond drilling from 21 holes from surface and 23 holes from underground. This drilling, which is ongoing, targeted open areas the Karoliina zone on the south flank of Pahtavaara and targeted expansion of the North Flank Zone of the permitted Pahtavaara Mine in Northern Finland’s emerging Central Lapland Greenstone Belt.

Mike Sutton, Director of Rupert said “These new drilling results indicate a thickening of the Karoliina zone and are found adjacent to a high grade 4.5 grams per ton of gold stope that was mined by the previous owners. The zone remains open at depth and to the west. Drilling has also indicated a thicker zone in the North Flank East with a 12 grams per ton of gold over 4m intersection, 50m below the known high grade mineralisation in North Flank East.”

“Mining contractors have commenced working underground, with the initial focus being around the new discoveries close to existing infrastructure in the Karoliina zone,” added Brian Hinchcliffe, Executive Chairman of Rupert. “Mineralisation here is higher grade and open at depth and to the west and underground infrastructure here will allow us to drill at depth and open up several headings ahead of production. The results on the North Flank are encouraging because it provides us high grade optionality.”

New Karoliina -10 high grade zone

Hole 117315 intersected 22.8 grams per ton of gold (“g/t Au”) over 9m at the Karoliina -10 level approximately 5m from an existing mine heading and 35m from an intersection of 5.8 g/t Au over 1m drilled by the previous owner. This zone was mined further east in a high grade stope with an estimated grade of 4.5 g/t Au (significantly higher than the average grade milled over Pahtavaara’s 16 year production history). Intersections of 13.95 g/t Au over 8m (hole 117316 inc. 65.6 g/t Au over 1m), 7.3 g/t Au over 4.9m (hole 117319 inc. 11.1 g/t Au over 3m) confirm the presence of this zone which is open to the west and at depth (see figure 1 below). The drilling has been undertaken at 15m centres over an area of 50m by 80m.

North Flank East

Drill holes 117305 and 117306 intersected several high grade veins, grading up to 12.0 g/t Au over 4m, in the lower levels of North Flank East approximately 50m below the high grade intersection of 432 g/t Au over 1m reported by the Company in its 8 September 2016 press release, and 200m from existing infrastructure. This may represent continuity of the North Flank East plunge zone at depth, and may correlate with an intersection of 7.9 g/t Au over 2m (including 13.6 g/t Au over 1m) at 130m towards the west and below.

North Flank West

Drill hole 117311 intersected 2.99 g/t Au over 19.78m (inc. 16.85 g/t Au over 0.95m) and expands the known envelope of mineralisation. This intersection, is located in an area between two resource blocks, and 10m below, and 10m above from previously-released intersections of 34.3 g/t Au over 2.75m (including 89.4 g/t Au over 1m – hole 116231) and 6.9 g/t Au over 12m (including 58 g/t Au over 1m – hole 116232). The intersections are located only 30m from an access drift. North Flank remains open to the west.

Karoliina

Hole 117024 intersected 3.8 g/t Au over 7.2m (inc. 10.2 g/t Au over 2m) at the bottom of parallel Vilhemiina vien and is open below. Hole 117028 intersected 10.6 g/t Au over 5.35m (inc. 64.7 g/t Au over 0.6m) in the middle of the main Karoliina block to complete 25m centre drilling. Hole 117025 intersected 4.7 g/t Au over 2m at the top of the block, which is open to surface.

Near surface IP target

Hole 117029 targeted near surface mineralisation identified by the new IP survey intersected 3.87 g/t Au over 1m at 13m depth on the South Flank, west of the Main Pit (see figure 2 below).

New Pahtavaara drill results

*Unless specified in this press release, true widths (TW) cannot be determined from the information available. No upper cut-off grade was applied. Hole 117026 drilled in Karoliina West had elevated gold values but less than <1 g/t Au. Five wildcat holes targeting near mine mineralization 117030 to 117034 did not return significant results. These holes were drilled outside of the envelope of known mineralization and were considered high risk. Underground holes 117301 to 117304 and 117307 to 117309 also did not return assays >1 g/t Au.

Mineralization

Intercepts reported above are hosted by amphibolitized komatiites. The principal geologic control in the area is a linear structural corridor that trends east-west, forms multiple folds, and dips steeply to the north on the south side and steeply south on the north side. The mineralized zone identified on Rupert’s Pahtavaara property is characterized by hydrothermal alteration and mineralization within various phases of pervasively altered komatiites. Mineralization remains open at depth along the entire zone. The hydrothermal alteration and the Au-bearing veins associated with it are deformed. Because they were competent rocks (massive amphibole), they resisted deformation. They are therefore less deformed than the adjacent talc-chlorite schists. This implies early brittle deformation followed by ductile deformation. Hydrothermal fluids entered by fractures and faults, which explains why some alteration fronts are almost perpendicular to the schistosity. Gold occurs mostly as free gold, a smaller part is associated with magnetite.

Review by Qualified Person, Quality Control and Reports

In compliance with National Instrument 43-101, Mr. Mike Sutton, P.Geo. is the Qualified Person who supervised the preparation of the scientific and technical disclosure in this news release. Samples are assayed by CRS/Actlabs Finland at Takatie 6, 90440 Kempele Finland, who have ISO9001 sample prep and ALS Minerals at Sodankyla, Finland and Pitea, Sweden. All core is under watch from the drill site to the core processing facility. Samples are assayed using cyanide leach methods with AAS detection of Au. The Company’s QA/QC program includes the regular insertion of blanks and standards into the sample shipments, as well as instructions for duplication. Standards, blanks and duplicates are inserted at appropriate intervals. Approximately five percent (5%) of the pulps and rejects are sent for check assaying at a second lab with the results averaged and intersections updated when received. Core recovery in the mineralized zones has averaged 99%.

About Rupert

Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol “RUP”. The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland (see the Company’s November 9, 2016 press release). The Company also holds a 100% interest in the Gold Centre property, which consists of mineral claims located in the Balmer Township, Red Lake Mining Division of Ontario.

For further information, please contact:

[span4]James Withall
Chief Executive Officer
Tel. +44 788 947 8664
info@rupertresources.com
www.rupertresources.com[/span4][span8]Brian Hinchcliffe
Executive Chairman
Tel. +1 (914) 815 2773
info@rupertresources.com
www.rupertresources.com[/span8]

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

Cautionary Note Regarding Forward Looking Statements

This press release contains statements which constitute ”forward-looking statements”, including the statements with respect to those that address potential quantity and/or grade of minerals, potential for minerals and statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company’s annual Management’s Discussion and Analysis for the year ended February 29, 2016 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP, FSE: R05) is pleased to announce that James Withall has agreed to join the Company as it’s Chief Executive Officer.  Mr. Withall was a Managing Partner at Baker Steel Capital Managers where he was a gold sector specialist and the Lead Manager of the top performing and multiple award winning Baker Steel Precious Metals Fund. James started his career as a geologist in Western Australia. He will assume the Chief Executive Officer role effective April 18^th, 2017.

Brian Hinchcliffe, who took over as President and Chief Executive Officer of the Company on March 24^th, 2016, will move into the role of Executive Chairman of Rupert when Mr. Withall’s appointment as Chief Executive Officer takes effect. .

“Mr. Withall’s leadership and experience will build on the dynamic exploration strategy that Mike Sutton, our lead Director, has developed at Pahtavaara. Strategically we continue putting the building blocks in place to lever our permitted production and exploration assets in Finland into a significant production Company,” added Brian Hinchcliffe. “We look forward to assisting James as he assumes executive responsibility for the Company and are pleased to confirm that development mining did start this week underground at Pahtavaara as planned.”

“I am looking forward to joining the team at Rupert Resources which has positioned itself very strategically with the Pahtavaara mine acquisition last year. The Central Lapland Greenstone Belt in northern Finland remains one of the most significant underexplored greenstone belts globally and Finland has long been ranked amongst the best jurisdictions for mining,” said James Withall, the new Chief Executive Officer. “The combination of a permitted 1500 tpd mill, enormous exploration potential and motivated young engineering and geologic staff will provide strong foundations to build an exciting new emerging gold producer over the years ahead.”

The Board expresses its immense gratitude to Mr. Hinchcliffe for having taking on the President and Chief Executive Officer role, for his leadership in relaunching the Company and guiding it through its acquisition of the Pahtavaara mine and for his commitment to acting in the best interests of the Company. By acting as Executive Chairman, Mr. Hinchcliffe will continue to play a key role in the Company and its future.

About James Withall

 James Withall has over twenty years’ experience in mining. He was previously a Managing Partner and Fund Manager at Baker Steel Capital Managers.  He was the lead manager of the award winning Baker Steel Global Funds Precious Metals Fund that was voted the top performing Gold and Precious Metals Equities Fund by Thomson Reuter Lipper Fund Awards, over 3 years in 2016 and, 3 and 5 years in 2017, throughout Europe.  James was also awarded two gold medals by Sauren Fund Research in 2016 for excellent fund management in the category “Equity Goldmines”.  James worked for more than seven years as a geologist, working in Western Australia for number of gold mining companies in exploration, project and mine geologist roles, before joining the development team of the Xstrata Windimurra vanadium project. James has a degree in Applied Geology from Leicester University and a Masters in Mineral Project Appraisal from Imperial College, London.

 About Rupert Resources

Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol “RUP”. The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland (see the Company’s November 9, 2016 press release). The Company also holds a 100% interest in the Gold Centre property, which consists of mineral claims located in the Balmer Township, Red Lake Mining Division of Ontario.

For further information, please contact:

Brian Hinchcliffe
President and Chief Executive Officer
Tel. +1 (914) 815 2773
info@rupertresources.com
www.rupertresources.com

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.

Cautionary Note Regarding Forward Looking Statements
This press release contains statements which constitute ”forward-looking statements”, including approval by the TSX Venture Exchange of James Withall as Chief Executive Officer of the Company, potential for minerals and statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company’s annual Management’s Discussion and Analysis for the year ended February 29, 2016 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP, FSE: R05) reports results from a further 9,666m of diamond drilling from 41 holes from surface and 42 holes from underground. This drilling, which was undertaken through November 2016 to January 2017, targeted step-out mineralisation of the Karoliina zone on the south flank of Pahtavaara and infill and step-out drilling of the North Flank West of the permitted Pahtavaara Mine in Northern Finland’s emerging Central Lapland Greenstone Belt.

“These new drilling results have successfully extended the mineralized envelope at Karoliina to the west, to depth, and to surface, and drilling along the North Flank is delineating multiple mineralized horizons,” said Mike Sutton, Director. “The North Flank zones provide immediately accessible mineralization.”

“We are pleased to have launched this week, infrastructure projects that will modernize the pumping system and deploy a low cost communication system underground at Pahtavaara that will have near fiber optic capability,” added Brian Hinchcliffe, CEO.  “The first mining contractors started up this week as well, with development mining to commence April 1. We are also pleased to report that the licenses for the Pahtavaara mine and concessions have been officially transferred to the Company by the Finland mining authorities.”

North Flank West is located to the northwest of the northern most open pit at Pahtavaara where mineralization has been identified in the pit walls. This northwest extension was tested with 29 holes from underground (2,529m) and 16 holes from surface (2,265m). Intersections include holes 116231 with 34.3 grams per ton of gold (“g/t Au”) over 2.75m (including 89.4 g/t Au over 1.0m), 116232 with 6.9 g/t Au over 12.0m (including 58 g/t Au over 1.0m) and 116234 yielding 4.8 g/t Au over 11.6m (including 9 g/t Au over 5.0m). The first two intersections are located only 30m from an access drift.

The remaining 4515m of drilling reported herein today, tested the large Karoliina block area that was discovered west of the mine at the time of its closure. Hole 116080, located on the western edge of the currently defined mineralized envelope, intersected 5.3 g/t Au over 6.8m (including 24.0 g/t Au over 1.0m). Two holes, 116075 (2.5 g/t Au over 4.0m) and 116076 (2.6 g/t Au over 3.0m), confirmed mineralisation 50m below the previously wireframed mineralized zone. Two holes drilled in the lower middle region of Karoliina, returned 4.3 g/t Au over 16.0m (hole 117003), and 4.1 g/t Au over 16.0m (hole 117004), located on either side of a previous hole that returned 2.6 g/t Au over 14.0m (hole 113810). In addition, two holes drilled in the upper region of Karoliina, returned 5.0 g/t Au over 14.2m (hole 117006), and 2.6 g/t Au over 15.4m (hole 117005), while hole 117018 intersected 23.3 g/t Au over 2.2m above the wireframed zone and the 42m to surface is open.  Rupert will study if this zone could be accessible by ramp from surface and this would aid in possible future mining, ventilation, secondary egress, and most importantly, shorten the timeline to production plus trucking distance, for mineralisation that has been delineated westwards of existing mine development.

The 2017 drill program will continue to focus on defining and expanding known resource blocks, and to drill off potential near surface prospects on the north and south flanks. Of immediate interest is the drilling of the recently-discovered high grade zone at North Flank East where intersections include 432 g/t Au over 1.0m, 245 g/t Au over 1.0m, 295 g/t Au over 1.65m (hole 199316 which was drilled by previous operators), and 52.1 g/t Au over 1.0m (hole 105176 which was drilled by previous operators) (see the Company’s September 8, 2016 and January 18, 2017 press releases).

Karoliina

Drilling tested the large Karoliina block area that was discovered west of the mine at the time of its closure (see the Company’s September 8, 2016 press release). The extension of the zone to depth is significant because it opens up the potential for a increase in resource in that direction and the 50m vertical increase in mineralization may allow for several more sublevels and therefore more stopes. The drilling has also supported continuity of the zone over a strike of 400m and a vertical dimension of 100m. Drilling will now step out to the west and to depth. The infill holes have been drilled by Rupert at approximately 25m centres, which is significantly less than the 40m centres on average used by previous operators. An orientation soil sampling program using multiple methods was carried out over this area in the fall; it successfully delineated the zone, and another known to exist to the north. The sampling also showed equally anomalous results along strike 150m to the west of Karoliina. As well, an I.P. geophysical program also showed anomalies to the west along strike and west along the locations where the north flank should be.

North Flank West

Three blocks that were included in the historical resources for Pahtavaara were targeted because of their relative large ounce content and proximity to mine development. North Flank West is located to the northwest of the northern most open pit at Pahtavaara where mineralization has been identified in the pit walls. Intersections include 34.3 g/t Au over 2.75m (including 89.4g/t over 1.0m – hole 116231) and 6.9 g/t Au over 12.0m (including 58 g/t Au over 1.0m – hole 116232) that are located immediately north of, and outside the resource limits of one of the blocks. Both intersections are located only 30m from an access drift.

A drill hole yielding 4.8 g/t Au over 11.6m (including 9 g/t Au over 5.0m) is located immediately west of, and outside the resource limits of another block (hole 116234). This zone is open to the west along the north flank, and above along the west side of the pit.

Two holes intersected a new zone, returning 5.2g/t gold over 1.0m (hole 116059), and 5.1g/t gold over 1.0m (hole 116062), located 60m above the nearest historic hole, that returned 9.1g/t gold over 3.0m (hole 110868). This zone is open in all directions and comes to surface. It may contribute to a study of the pushback of the pit.

The third resource block returned 1.1 g/t Au over 7.0m (hole 116059), with the block open below, above and to the west. Below the block are two holes 50 metres apart that have intersections of  9.0 g/t Au over 2.0m (hole 111876), and 12.6 g/t Au over 1.0m (hole 107307) .

These results support the continuity of the zones and indicates the potential to increase the size of the blocks. The infill holes have been drilled by Rupert at approximately 12.5 to 25m centres at a better angle to the zones than the drilling by previous operators. The closer spacing of holes should better aid in quantifying the resource.

New Pahtavaara drill results

*Unless specified in this press release, true widths (TW) cannot be determined from the information available. No upper cut-off grade was applied. 11 out of 13 holes recommended by Micon, the previous owners geological consultant, to be drilled into a zone parallel to Karoliina, did not intersect significant mineralization (holes 116201 – 116213).  Holes 116063 – 116066, 116068, 116069, 116072, 116079, 116081 – 116083, 116214 – 116217, 116220, 116025, 116229, 116233, 116236, 116238, 116239, 117001, 117002, 117007, 117008 and 117013 did not return assays of more than 1 g/t Au. These holes were drilled out of the plunge of the mineralization. Assays from 117011 and 117015 were submitted out of sequence and are pending.

Mineralization

Intercepts reported above are hosted by amphibolitized komatiites. The principal geologic control in the area is a linear structural corridor that trends east-west, forms multiple folds, and dips steeply to the north on the south side and steeply south on the north side. The mineralized zone identified on Rupert’s Pahtavaara property is characterized by hydrothermal alteration and mineralization within various phases of pervasively altered komatiites. Mineralization remains open at depth along the entire zone. The hydrothermal alteration and the Au-bearing veins associated with it are deformed. Because they were competent rocks (massive amphibole), they resisted deformation. They are therefore less deformed than the adjacent talc-chlorite schists. This implies early brittle deformation followed by ductile deformation. Hydrothermal fluids entered by fractures and faults, which explains why some alteration fronts are almost perpendicular to the schistosity. Gold occurs mostly as free gold, a smaller part is associated with magnetite.

Review by Qualified Person, Quality Control and Reports

In compliance with National Instrument 43-101, Mr. Mike Sutton, P.Geo. is the Qualified Person who supervised the preparation of the scientific and technical disclosure in this news release. Samples are assayed by CRS/Actlabs Finland at Takatie 6, 90440 Kempele Finland, who have ISO9001 sample prep and ALS Minerals at Sodankyla, Finland and Pitea, Sweden. All core is under watch from the drill site to the core processing facility. Samples are assayed using cyanide leach methods with AAS detection of Au. The Company’s QA/QC program includes the regular insertion of blanks and standards into the sample shipments, as well as instructions for duplication. Standards, blanks and duplicates are inserted at appropriate intervals. Approximately five percent (5%) of the pulps and rejects are sent for check assaying at a second lab with the results averaged and intersections updated when received. Core recovery in the mineralized zones has averaged 99%.

About Rupert

Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol “RUP”. The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland (see the Company’s November 9, 2016 press release). The Company also holds a 100% interest in the Gold Centre property, which consists of mineral claims located in the Balmer Township, Red Lake Mining Division of Ontario.

For further information, please contact:

Brian Hinchcliffe
President and Chief Executive Officer
Tel. +1 (914) 815 2773
info@rupertresources.com
www.rupertresources.com

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.

Cautionary Note Regarding Forward Looking Statements

This press release contains statements which constitute ”forward-looking statements”, including the statements with respect to those that address potential quantity and/or grade of minerals, potential for minerals and statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company’s annual Management’s Discussion and Analysis for the year ended February 29, 2016 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

Toronto, Ontario, Canada                                                                                             Listed:  RUP-TSX–V

January 10, 2017

Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP) is pleased to announce assay results from an additional 26 surface diamond holes (3,528m) drilled into the large, open Karoliina zone that was discovered prior to mine’s closing in May 2014. The permitted Pahtavaara gold mine is located in Northern Finland in the emerging Central Lapland Greenstone Belt. In 2016, Rupert drilled 12,293m from surface and 3,209m from underground, balancing the requirements for production infill drilling and exploration. The results of additional holes from the 8,951m of drilling will be released in the next few weeks as assays are received and interpreted. The areas of focus at Pahtavaara and location of drilling in Karoliina can be found in the accompanying figures 1 and 2.

“This round of drilling advanced the 500,000t Karoliina zone and importantly, indicated the emergence of a thick plunge zone parallel to previously mined deposits and in close proximity to the Karoliina development,” said Brian Hinchcliffe, CEO of Rupert Resources. “Of particular significance in these results however, is that this closer spaced drilling indicated higher grade potential at Pahtavaara. We have also had further success at the western extremity of the Karoliina zone which remains open at depth and to the west.”

This drilling program of the Karoliina zone has been carried out as per recommendations by Micon International, the prior mine owner’s geological consultant, who estimated two holes in a 30m search radius were required to delineate resources into the indicated mineral resources category. The 2016 infill holes have been drilled by Rupert at approximately 25m centres, which is significantly less than the 40m centres on average used by previous operators. Initial observations suggest that this 2016 drilling appears to have been successful in converting approximately 75% of the previously defined inferred mineral resource area to indicated mineral resources.

Of the 26 holes drilled from surface, 19 intersected mineralisation and have confirmed continuity of the zone over a strike of 400m and a vertical dimension of 75m to 100m. The positive results remain open to the west and east and at depth with potential extended 75m below the latest drilling by the previously reported hole 116001 (1.71g/t Au over 8m). Results from the 2016 campaign testing to the west and this deeper mineralisation (9 holes totalling 1,796m) are expected in the next few weeks and the continuity of this zone will be tested further in 2017.

Highlights from the program include hole 116026 yielding 2.1 g/t Au over 18.0m (11.2m TW, including 7.1g/t Au over 1.0m, and 5.0g/t Au over 4.0m) suggesting the potential of a emergence of a thicker plunge zone parallel to Pahtavaara’s main deposits. This intersection is aligned with hole 114701, drilled by the previous owner which intersected 2.3g/t Au over 21.4m along this trend. This area is located 25m above existing infrastructure. Other significant results included 116025 returning 14.5g/t Au over 1.6m  (1.4m TW), and 116023 returning 7.5g/t Au over 3.0m (2.3m TW), in the same area.  Hole 116041 on the western edge of the currently defined area of mineralisation yielded an intersection of 32.8g/t Au over 2.0m (1.9m TW) at a vertical depth from surface of 169m. Holes 116040 with an intersection of 22.1g/t Au over 1.0m (0.8m TW) and 116036 with an intersection of 5.4g/t Au over 3.0m (2.6m TW) indicate the potential for higher grade material in the upper levels of the zone.

The Pahtavaara mine produced 350koz of gold between 1996 and 2014 and is part of a 124km2 land package located in Northern Finland in the emerging Central Lapland Greenstone Belt. Other mines in the area include Boliden’s polymetallic Kevitsa mine, Anglo-American’s Sakatti project and a joint venture between  Aurion  Resources  and  B2Gold  who  are  exploring  the  same  gold  mineralisation  trend, furthermore, the mine is approximately 100km from Agnico Eagle’s 8Moz Kittila deposit, Europe’s largest gold mine.

No upper cut-off grade was applied. Unless specified, true widths (TW) cannot be determined from the information available.

Mineralization

Intercepts reported above are hosted by amphibolitized komatiites. The principal geologic control in the area is a linear structural corridor that trends east-west, forms multiple folds, and dips steeply to the north on the south side and steeply south on the north side. The mineralized zone identified on Rupert’s Pahtavaara property is characterized by hydrothermal alteration and mineralization within various phases of pervasively altered komatiites. Mineralization remains open at depth along the entire zone. The hydrothermal alteration and the Au-bearing veins associated with it are deformed. Because they were competent rocks (massive amphibole), they resisted deformation. They are therefore less deformed than the adjacent talc-chlorite schists. This implies early brittle deformation followed by ductile deformation. Hydrothermal fluids entered by fractures and faults, which explains why some alteration fronts are almost perpendicular to the schistosity. Gold occurs mostly as free gold, a smaller part is associated with magnetite.

Review by Qualified Person, Quality Control and Reports

In compliance with National Instrument 43-101, Mr. Mike Sutton, P.Geo. is the Qualified Person who supervised the preparation of the scientific and technical disclosure in this news release. All samples are assayed by CRS/Actlabs Finland at Takatie 6, 90440 Kempele Finland, who have ISO9001 sample prep. All core is under watch from the drill site to the core processing facility. Samples are assayed PAL1000 cyanide leach with AAS detection of Au. The Company’s QA/QC program includes the regular insertion of blanks and standards into the sample shipments, as well as instructions for duplication. Standards, blanks and duplicates are inserted at appropriate intervals. Approximately five percent (5%) of the pulps and rejects are sent for check assaying at a second lab with the results averaged and intersections updated when received. Core recovery in the mineralized zones has averaged 99%.

About Rupert

Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol “RUP”. The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland (see the Company’s November 9, 2016 press release). The Company also holds a 100% interest in the Gold Centre property, which consists of mineral claims located in the Balmer Township, Red Lake Mining Division of Ontario.

For further information, please contact:
Brian Hinchcliffe
President and Chief Executive Officer
Tel. +1 (914) 815 2773
info@rupertresources.com
www.rupertresources.com

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.

Cautionary Note Regarding Forward Looking Statements

This press release contains statements which constitute ”forward–looking statements”, including the statements with respect to those that address potential quantity and/or grade of minerals, potential for minerals and statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward–looking statements. Investors are cautioned that forward–looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward–looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company‘s annual Management’s Discussion and Analysis for the year ended February 29, 2016 available at www.sedar.com. Should one or more of these risks or uncertainties

Toronto, Canada
December 12, 2016

Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP) is pleased to announce that it has now closed both tranches of its previously announced non-brokered private placement, and in total has issued 17,692,307 common shares of the Company (the “Common Shares”) at a price of $0.65 per Common Share (the “Private Placement”), for gross proceeds of $11,500,000.

The second and final tranche of the Private Placement that closed today consisted of 4,638,462 Common Shares for gross proceeds of $3,015,000. The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws, and the net proceeds will be utilized at the permitted underground Pathavaara gold mine in Northern Finland.

“With this support from shareholders, Rupert will be able to advance required underground development and modernization programs at the Pahtavaara mine, working with key contractors and its own personnel,” said Brian Hinchcliffe, President and CEO of Rupert.

The Company has agreed to pay to Mirabaud Securities LLP a cash finder’s fee of $194,635.24 in respect of certain sales under the Private Placement.

Furthermore, and subject to the approval of the TSX Venture Exchange, the Company has agreed to pay to Canaccord Genuity Corp. a cash finder’s fee of $9,230.00 in respect of certain sales under the Private Placement.

The securities being offered pursuant to the Private Placement have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, or a solicitation of an offer to buy, the securities in the United States.

About Rupert 

Rupert is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol “RUP”. The Company owns the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland (see the Company’s November 9, 2016 press release). The Company also holds a 100% interest in the Gold Centre property, which consists of mineralclaims located in the Balmer Township, Red Lake Mining Division of Ontario.

For further information, please contact:

Brian Hinchcliffe
President and Chief Executive Officer
Tel. +1 (914) 815 2773
info@rupertresources.com
www.rupertresources.com

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. 

Cautionary Note Regarding Forward Looking Statements 

This press release contains statements which constitute ”forward-looking statements”, including the anticipated use of the proceeds of the Private Placement, the approval by the TSX Venture Exchange of the payment of a finder’s fee to Canaccord, statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company’s annual Management’s Discussion and Analysis for the year ended February 29, 2016 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

TORONTO, ONTARIO–(Marketwired – Dec. 9, 2016) –