Further drilling from Ikkari extends mineralisation in the west and below 450m

Rupert Resources Ltd (“Rupert” or “the Company”, TSX-V: RUP) reports new drill results from its Ikkari prospect, the focus of its ongoing exploration programme at the 100% owned Pahtavaara Project in the Central Lapland Greenstone Belt, Finland (figure 1). The mineralised strike length at Ikkari is at least 650m in total (figure 2) with mineralisation on all sections intersected to a depth of at least 300 to 500m.

Highlights

• Hole 121063 demonstrated multiple zones of higher grade gold mineralisation re-emerging at depthin the western section of Ikkari contained within a broad intercept of 1.9g/t gold over 142m
• Hole 121028 intersected 3.1g/t gold (“Au”) over 76mfrom 248m as part of the infill program in the central portion of the discovery and a step back hole 121030 beneath this intersected two strongly mineralised zones of 3.7g/t gold over 77m from 245m and 2.8g/t Au over 65m from 346m
• Hole 121029 is a shallow step out hole to the northwest and intersected 2.1g/t Au over 25m from 124m
• Hole 121032 intersected mineralisation both at surface and in multiple zones including 1.6g/t Au over 74m from 396m, with mineralisation extending to >450m vertical meters.
• Mineralised system at Ikkari remains open in all directions

James Withall, CEO of Rupert Resources commented “The infill holes reported today confirm the exceptional widths and continuity of grade at Ikkari with hole 121032 and 121063 indicating that the system remains open at depth with higher grade material re-emerging in the west below hitherto weaker mineralisation reported in January 2021. As previously announced, we expect to report a maiden mineral resource estimate for Ikkari this summer although drilling continues with the aim of further expanding the resource inventory over time as we refine our geology model and commence work to understand the full economic potential of the Ikkari Discovery.”

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