New results from winter drilling campaign including 16g/t over 25m at Heinä South and extension to mineralisation at Ikkari

Toronto (March 3, 2024) – Rupert Resources Ltd. (“Rupert” or the “Company”) reports follow-up assay results from its Heinä South satellite target (located 1km from Ikkari). The results confirm evidence of broader mineralised zones than previously seen at Heinä South. New assays are also published from drilling at Ikkari demonstrating that mineralisation remains open down plunge to the west with both wide and high-grade intercepts achieved.

Highlights

• #124019 – intersected 25m at 16.5 g/t Au from 83m including 1m at 363g/t Au and 2m at 10.8g/t Au.  The hole also intersected multiple other intercepts including 1m at 256g/t Au from 25m, 1m at 48.3g/t Au from 146m and 14m at 1.2g/t Au from 201m. Drilling continues and results from seven further drill holes in Heinä South are pending.
• #124014 tested extensions of mineralisation along the shallow plunge at depth in the west of Ikkari. The drillhole yielded multiple intercepts including both wider intercepts (23.70m at 1.7g/t Au from 602m, including 1m at 16.6g/t Au) and higher-grade intercepts (5m at 5.2g/t Au from 633m, including 1m at 19.8g/t Au and 3m at 32.7g/t Au from 655m, including 1m at 93.8g/t Au) in the target area demonstrating that mineralisation at Ikkari remains open to the west at depth.

James Withall, CEO of Rupert Resources commented “The initial results from #124019 are confirmation of more continuous mineralisation at Heinä South which, along with extensional drilling at Ikkari, remains the current focus of our winter drilling campaign.  During this drilling season we will continue to test a number of the targets at shallow depths which have the potential to become satellite deposits to the 4Moz Ikkari deposit alongside the works to advance project engineering and permitting.”