Ikkari Discovery Demonstrating Continuity and High Grades

TORONTO - Rupert Resources Ltd reports new drill results from its ongoing exploration program at the 100% owned Pahtavaara Project in the Central Lapland Greenstone Belt, Finland. The Company has demonstrated further scale to the significant gold-hosting structural zone at the Ikkari discovery. The new results released here also demonstrate the significant grade potential of Ikkari, with higher grade zones developing within a broad mineralized envelope. The target was identified using base of till sampling at Area 1, a 5km long highly prospective section of a regional domain-bounding structure, 20km of which is contained within Rupert’s contiguous land holding. Three diamond rigs are currently active at Ikkari, targeting areas that could expand the currently identified envelope of mineralization.

Highlights: Hole 120071 intersected 4.2g/t gold over 167m from 213m (160m vertical) including 8.9g/t gold over 22m*. 19 individual assays are greater than 10.0g/t gold. The hole targeted strike continuity of previously reported hole 120061 and confirms the high-grade mineralized zone over thick widths; Hole 120074B intersected 3.6g/t gold over 65.3m from 184m (160m vertical), and is a scissor hole to 120071, confirming grade continuity across a broad zone; AND Three rigs are now turning at Ikkari with assays from 17 holes pending.

James Withall, CEO, said, “Ikkari continues to demonstrate increasingly elevated grades of gold mineralization that persist over broad widths. Significantly, the holes reported today show that the +100m wide mineralization already outlined in the western sections in fact also persists eastwards, and with higher grades. Drilling is ongoing with the aim of showing increased strike extent to the east and further expand the broader mineralized envelope.”