Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP) announces that it has received the last drill results of its first exploration campaign on the permitted Pahtavaara gold mine in Northern Finland, which the Company recently exercised its option to acquire (see the Company’s August 30, 2016 press release).

“Our first 3000m of drilling at Pahtavaara yielded some significant high grade intersections to the west of the existing mine development in the recently discovered Karoliina zone and also in a new zone on the North Flank East, which is also within close proximity (200m) to underground mine development,” said Brian Hinchcliffe, Rupert’s President and CEO. “We are continuing with our recently launched extensive drilling campaign to infill historic resources – especially in the higher grade Karoliina zone – before commencing step out drilling along known structures by year end.”

The Company is pleased to announce the results of assays returned from 10 holes (1,319 m) including two holes in the known Karoliina zone containing abundant fine visible gold. Significantly, holes 116016 and 116017 returned intersections of 14.6 grams per ton of gold (“g/t Au”) over 4.1m and 8.3 g/t Au over 5.6m, respectively, including 1.0m of over 53.5 g/t Au in hole 116016 and 3.8m of 11.5 g/t Au for hole 116017. See the table below for more detailed results.
The second phase of exploration continues, with drilling, chip sampling of open pits, trenches, and underground horizons, IP geophysics, soil sampling, and till work either underway or soon to be implemented.

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

Wildcat holes 116018 and 116020 yielded no gold in assay, with hole 116019 located 2.3km west from mine (targeted because of coincidence of a magnetic low and base of till Au anomaly) intersecting four incidences of trace mineralization (0.15 to 0.32 g/t Au). Holes 116003 (Karoliina), 116006 (Karoliina), 116010 (North Flank East) and 116013 (North Flank East) did not return significant results.

Karoliina
The intersection from holes 116016 and 116017 are located 32m above and east and 31m east, respectively, from previously drilled hole 114809 that returned 8.1 g/t Au over 5.0m (4.8m TW). The mineralization is consistent with that seen previously.

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 one per 20 samples. 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 Resources

Rupert Resources is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol “RUP”. The Company has exercised an option to acquire the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland (see the Company’s August 30, 2016 press release). The purchase price for the acquisition is US$2,500,000, structured as a US$500,000 cash payment that was made upon the exercise of the option (less the US$100,000 deposit payments already made). A 1.5% production royalty, capped at US$2,000,000, is also payable on go-forward revenues generated when gold production resumes. 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 may constitute “forward-looking statements”, including statements with respect to those that address potential quantity and/or grade of minerals and statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities, operating performance of the Company and with respect to drilling, operations and results at the Pahtavaara gold mine, mill and exploration claims. 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), carried out a summer drilling and exploration campaign on the permitted Pahtavaara gold mine in Northern Finland and last week exercised its option to acquire the mine, mill and exploration permits (see the Company’s March 17, 2016, June 9, 2016 and Aug 30, 2016 press releases).

“The drilling success we have seen at the west end of the mine is now complimented by the high grade intersection in the east along what we are calling the new North Flank which is located some 200m from existing ramp development underground”, said Brian Hinchcliffe, Rupert’s President and CEO.
The Company announces the results of assays returned from 8 holes (1253m), including holes 116011 in a new discovery in the northeast of the mine, which contained abundant fine visible gold and returned 432.0 grams per ton of gold (“g/t Au”) over 1.0m at a depth of 136-137m, and 116007 in the west of the mine (Karoliina) which intersected 7.3 g/t Au over 4.0m at a depth of 145-149m. Two follow-up drill holes encountered visible gold in area, but assays have not yet been received. Eleven of 20 drill hole results have been received from the 3023m, 20 hole summer drilling campaign designed to test various areas in the Pahtavaara open pit and underground mine areas and to test “wildcat” targets.

The second phase of exploration has begun, with drilling, chip sampling of open pits, trenches, and underground horizons, IP geophysics, soil sampling, and till work either underway or soon to be implemented.

Drill Results

No upper cut-off grade was applied. Unless specified, true widths (TW) cannot be determined from the information available. Holes 116015 and 116014 did not intersect their target due to deviation; holes 116004, 8, 9 did not return significant assays.

The 116007 intersection of 7.3 g/t Au over 4.0m is located 29m west of previously-drilled hole 114809 that returned 8.1 g/t Au over 5.0m, and 44m below and west of the previously released hole 116005 that returned 32.74 g/t Au over 5m, including 159.4 g/t Au over 1.0 m.

The 116011 intersection of 432.0 g/t Au over 1.0m is located 16.5m below previously drilled hole 105176 that returned 52.1 g/t Au over 1.0 m. These intersections are located along the North Flank East zone within a 400m gap that is a newly-recognized limb of a large fold structure, the south limb of which constitutes the vast majority of mining to date. The North Flank West has not been drilled. They are separated by an area of mining where the fold is evident on both sides and where an open pit has been mined. The 432.0 grams per ton of gold over 1.0m contained abundant coarse visible gold in a strongly sheared, dolomite veined rock, is surrounded by intersections and located 200m from existing mine development. The hole also intersected 4.8 g/t Au over 2.0m at 65-67m (including 7.8 g/t Au over 1.0m) in a separate zone and is notable for its relatively shallow depth.

Next phase of exploration

An infill drilling campaign of 27 surface holes has now commenced on the Karoliina zone on reduced 25m centres to delineate new potential blocks. In addition, a program of IP, soil sampling is planned over the remainder of the year to define new areas of potential underground and near surface mineralisation close to the mine with RC drilling of till planned over the wider 124km2 Pahtavaara property. Drilling of these targets will commence after conclusion of the Karoliina infill program. Scoping work for new exploration and production development has also commenced with underground drilling expected to commence in Q4 2016.

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 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.

The Pahtavaara gold deposit is hosted by the Sattasvaara komatiites. There are three major rock types that have been intercalated with one another; amphibole-chlorite schist, biotite schist and coarse-grained amphibole rocks with associated quartz-barite lenses, veins and irregular pods.
Talc-carbonate veins with pyrite are common in all lithologies, but particularly in the biotite schist. Amphibole chlorite schists are the dominant rock type outside the Pahtavaara alteration zone. They represent the regional greenschist facies metamorphic mineral assemblage and therefore correspond with the most typical and least altered rock type of the Sattasvaara komatiites.

Gold occurs mostly as free gold, a smaller part is associated with magnetite.

Historical resources and reserves

The previous owners, Lappland Goldminers disclosed a NI 43-101 resources and reserve estimates dated 1 January 2013. Based on a cut-off grade of 0.5 g/t Au, Measured Mineral Resources totaled 618kt at an average grade of 1.97 g/t Au and contained 39koz of gold. Indicated Mineral Resources totaled 656kt at an average grade of 2.16 g/t Au and containing 45koz of gold. An additional 1,482 thousand tonnes at an average grade of 1.77 g/t Au containing 84koz were categorised as Inferred Mineral Resources. In the same report Proven Mineral Reserves were derived from Measured Mineral Resources and Probable Mineral Reserves were derived from Indicated Mineral Resources. Inferred Mineral Resources were not included in the mineral reserve estimate. Dilution of 25%, ore losses of 5%, and total projected onsite operating costs of EUR31.62/t ore milled were used. Based on the gold price at the time of approximately US$1,650/oz, an exchange rate of 1.3556 US$/€ and assuming 87% gold recovery, the cut-off grade was calculated to be 1.0 g/t Au. On this basis Proven Reserves were reported as 676kt grading 1.62g/t Au and Probable Resources as 721 grading 1.77g/t Au for total contained gold of 76koz. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources or mineral reserves and Rupert is not treating the historical estimate as current mineral resources or mineral reserves.

Subsequent to the aforementioned report 16,008m of diamond drilling was completed by Lappland Goldminers in 2013 and 2014, and 3,023m by Rupert in 2016. Revised estimate calculated using: more recent estimates of exchange rate and gold price, drilling from 2013 to 2016, and a new survey to account for depletion from production totaling 16,847koz in 2013 and 2014, will be calculated and disclosed in due course.

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 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 and an ISO 17025 lab certification. All core is under watch from the drill site to the core processing facility. Samples are assayed with LeachWell process. 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 one per 20 samples. 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%.

TORONTO, ONTARIO–(Marketwired – Sept. 6, 2016) –

Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX VENTURE:RUP) is pleased to announce that it has completed its previously announced non-brokered private placement of convertible debentures (“Convertible Debentures”) for gross proceeds of CAD$7,707,500 (the “Private Placement”).
“The Company thanks its supportive investors, will now turn its focus to completing the acquisition of the permitted Pahtavaara gold mine and is pleased to announce resumption of exploration drilling,” said Brian Hinchcliffe, President and CEO of the Company.

Private Placement

The Convertible Debentures have a 36 month maturity date and bear an interest rate of 5% per annum, payable on a semi-annual basis. The Convertible Debentures are secured against the general assets of the Company.

Each Convertible Debenture will be convertible into common shares of the Company (“Common Shares”) at the option of the holder prior to maturity, at a price of CAD$0.95 per Common Share (the “Conversion Price”). The Convertible Debentures have typical adjustment provisions.
After 12 months after the issue date of the Convertible Debentures, the Company has the option to repay the principal amount of the Convertible Debentures in Common Shares provided certain circumstances are met, including that the 30 trading day volume weighted average price of the Common Shares is equal to or greater than 170% of the Conversion Price.

The proceeds from the Private Placement will be used for the exploration and development required to assist in returning the Pahtavaara gold mine to production.

The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws.

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.

MI 61-101 Disclosure

Under the Private Placement, Brian Hinchcliffe, the President and Chief Executive Officer of the Company purchased CAD$500,000 worth of Convertible Debentures. Mr. Hinchcliffe owns and controls approximately 1.4% of the issued and outstanding Common Shares, and were he to convert the Convertible Debentures held by him (and assuming no other Convertible Debentures are converted), he would hold approximately 2.0% of the issued and outstanding Common Shares. His participation in the Private Placement constitutes a “related party transaction” as defined in Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transaction (“MI 61-101”), which has been adopted by the TSX Venture Exchange pursuant to its Policy 5.9 – Protection of Minority Security Holders in Special Transaction. This transaction is exempt from the formal valuation and minority shareholder approval requirements of such instrument and policy, pursuant to the distribution of securities for cash, fair market value not more than 25 per cent of market capitalization and fair market value not more than CAD$2,500,000 exemptions as set forth in MI 61-101.

The Company did not file a material change report more than 21 days before the expected closing of the Private Placement as the details of the participation therein by related parties of the Company were not settled until shortly prior to closing of the Private Placement and the Company wished to close on an expedited basis for sound business reasons.

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 has exercised an option to acquire the Pahtavaara gold mine, mill and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland (see the Company’s August 30, 2016 press release). The purchase price for the acquisition is US$2,500,000, structured as a US$500,000 cash payment upon the exercise of the option (less the US$100,000 deposit payments already made). A 1.5% production royalty, capped at US$2,000,000, is also payable on go-forward revenues generated when gold production resumes. 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.
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, 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, including with respect to exploration of the Pahtavaara gold mine. 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.

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

TORONTO, ONTARIO–(Marketwired – Aug. 30, 2016) – Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX VENTURE:RUP), is pleased to announce that it has exercised its option to acquire the Pahtavaara gold mine, mill and exploration permits in Lapland, Finland.

“We are very pleased to begin finalizing the purchase of the fully permitted Pahtavaara mine,” said Brian Hinchcliffe, Rupert’s President and CEO. “In addition to its solid mining infrastructure, we are excited about the exploration potential of the 124km² property, as recently announced in our first drill results. We plan to continue building, through additional exploration, the mine’s resource base with the intention of returning it to profitable, low-cost production.”

The purchase price for the acquisition is US$2,500,000, structured as a US$500,000 cash payment upon the exercise of the option (less the US$100,000 deposit payments already made). A 1.5% production royalty, capped at US$2,000,000, is also payable on go-forward revenues generated when gold production resumes. In addition, Rupert will be required to place environmental collateral amounting to approximately EUR 560,000.

The Pahtavaara mine is located in the Central Lapland gold belt and has been in production for 15 out of the last 20 years. As disclosed in the Company’s July 20, 2016 press release, the Company has undertaken a drilling and exploration campaign on the property, with encouraging results. It has also engaged in other work programs on the property — including trenching and open-pit mapping and sampling.

Rupert Resources Ltd. (“Rupert” or the “Company”) (TSX Venture Exchange: RUP), as
previously announced, is carrying out a drilling and exploration campaign on the permitted Pahtavaara gold mine in Northern Finland, over which it has a six month purchase option (see the Company’s March 17, 2016 and June 9, 2016 press releases).

“These are very encouraging exploration results in our first drill program on Pahtavaara. Rupert will continue developing it’s work programs and evaluation process dedicated to our goal of returning the Pahtavaara gold mine to production next year as a lower cost gold producer”, said Brian Hinchcliffe, Rupert’s President and CEO.

The Company is pleased to announce the results of assays back from the first three holes (507 m), including hole 116005, which contained visible gold and returned 32.74 grams per ton of gold (“g/t Au”) over 5.0 meters (“m”) at depths of 125 to 130 m, including 159.4 g/t Au over 1.0 m. The hole also contained 2.4 g/t Au over 9.0 m including 15.9 g/t Au over 1.0 m. These intersections are located at 125 m and 148 m below surface, respectively. These are the first three
holes of a 3,000 m, 17 hole drilling campaign designed to test various areas in the Pahtavaara open pit and underground mine areas and to test “wildcat” targets as well. To date 17 holes have been drilled (2,630 m).

Drill Results

Results from this new drilling are as follows:

Hole ID 116005 (Karoliina- azimuth 201, dip -51.29, northing 7504900, easting 3474335, eln 252):

– 32.7 g/t Au over 5.0 m, including 159.4 g/t Au over 1.0 m, at 125 to 130 m;
– 2.4 g/t Au over 9.0 m, including 15.9 g/t Au over 1.0 m, at 144 to 153 m.

Hole ID 116001 (Karoliina- azimuth 220, dip -74.6, northing 7504870, easting 3474375, eln 251.2):

– 1.7 g/t Au over 8.0 m, including 6.3 g/t Au over 1.0 m, at 211 to 219 m.

Hole ID 116002 (Karoliina- azimuth 194, dip -52.69, northing 7504870, easting 3474375, eln 251.2):

– 1.0 g/t Au over 5.0 m, at 111 to 116 m.

No upper cutoff grade was applied. True widths are unknown unless specified.

Results are reported for holes that primarily targeted the Karoliina zone which is the last new discovery on the Pahtavaara property, located on its western side and open. In hole 116005, the second zone is likely a splay structure of the primary Karoliina horizon.

These 116005 intersections are located 50 m above of previously-drilled hole 114809 that returned 8.1 g/t Au over 5.0 m, and 80 m above (and west of) hole 113810 that returned 4.6 g/t Au over 6.0 m. Hole 116001 is located 80 m below, and hole 116002 is located 45 m above (and east of), previously drilled hole 113810 which intersected 4.6 g/t Au over 6.0 m. The Karoliina Zone has been identified over a strike length of 550 m and to a depth of 400 m below surface.
Where drilled, the zone only has been traced for 110 m, where it remains open.

Trenching

Excavator trenching started on July 19, 2016, with the focus on looking for extensions to existing pits/ finding new pit mineralization.

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 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.

The Pahtavaara gold deposit is hosted by the Sattasvaara komatiites. There are three major rock types that have been intercalated with one another; amphibole-chlorite schist, biotite schist and coarse-grained amphibole rocks with associated quartz-barite lenses, veins and irregular pods.

Talc-carbonate veins with pyrite are common in all lithologies, but particularly in the biotite schist. Amphibole chlorite schists are the dominant rock type outside the Pahtavaara alteration zone. They represent the regional greenschist facies metamorphic mineral assemblage and therefore correspond with the most typical and least altered rock type of the Sattasvaara
komatiites.

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 responsible for the accuracy of the technical information in this news release. All samples are assayed by CRS/Actlabs Finland at Takatie 6, 90440 Kempele Finland, who have ISO9001 sample prep and an ISO17025 lab certification. All core is under watch from the drill site to the core processing facility. Samples are assayed with LeachWell for metallic screens. 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 one per 20 samples. 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 holds an option to acquire the Pahtavaara gold mine, mill and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland for US$2.5 million in total consideration (see the Company’s March 17, 2016 press release). It 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
bhinchcliffe@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 may constitute “forward-looking statements”, including statements with respect to those that address potential quantity and/or grade of minerals and statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities, operating performance of the Company and with respect to the Pahtavaara gold mine, mill and exploration claims during the six month
option period. 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–(Stockwatch – June 16, 2016) – Rupert Resources Ltd. (“Rupert” or the “Corporation”) (TSX VENTURE:RUP) inaugural drill program on the permitted Pahtavaara gold mine, located in northern Finland, has begun today as planned. This drilling program seeks to expand reserves and resources at the mine’s open-pit and underground targets. Other work programs, including trenching and open-pit mapping and sampling, are expected to commence next week, after drilling start-up. Rupert has a six-month option, ending Sept. 15, 2016, to acquire the Pahtavaara gold mine, mill, and exploration permits and concessions, representing a 124-square-kilometre land position (see the corporation’s March 17, 2016, and June 9, 2016, press releases).

The corporation has also appointed Gordon Chmilar as corporate secretary, replacing Jo-Anne Archibald, who has resigned from such office. Mr. Chmilar is a partner with global law firm Gowling WLG. For over 10 years, his practice has focused on corporate finance and mergers and acquisitions.