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To: Goose94 who wrote (12611)

6/23/2015 8:13:41 AM

From: Goose94

Read Replies (1) | Respond to of 203664

Rathdowney Resources (RTH-V) June 22, '15 announces results from new drilling at its flagship Olza zinc-lead-silver project in southwest Poland.

In early 2015, Rathdowney announced new milestones for Project Olza

increased inferred mineral resources of 24.4 million tonnes grading 7.02% Zn+Pb (at a 2% Zn cut-off)1;

and robust results from a Preliminary Economic Assessment ("PEA"), indicating strong potential financial returns for a 6,000 tonnes per day conventional underground mine and mill operation2.

Current work programs are designed to build on the PEA results and support mine planning and permitting as outlined for projects in Poland. The new results are from holes OLZ-226 to OLZ-241, and are part of a program designed to collect geotechnical data in areas of potential infrastructure development and to further test the Olza deposit.

Drilling took place in the vicinity of potential underground infrastructure near Zone 5, one of several zones that comprise the mineral resource at Project Olza. All of the holes were drilled outside of the currently defined mineral resource area, as shown on the map at http://www.rathdowneyresources.com/i/pdf/rdr/2015-06-23_NR-Olza-Drill-Plan.pdf .

Significant widths and/or grades of zinc, lead and/or silver mineralization were encountered in 11 of the 16 holes. Highlights include:

3.3 m of 16.0% Zn+Pb including 1.3 m at 36.9% Zn+Pb in Hole OLZ-241

8.5 m of 4.77% Zn+Pb and 12.8 g/t Ag including 2.1 m at 17.9% Zn+Pb and 36.8 g/t Ag in Hole OLZ-232

3.9 m of 4.7% Zn+Pb and 20 g/t Ag in Hole OLZ-229

Further details are provided in the Table of Assay Results attached to this release.

These results show important extensions to Zone 5 from the limits used for the resource estimate announced earlier this year. The potential to further increase mineral resources with additional drilling is considered to be excellent.

"Rathdowney's drilling continues to demonstrate the exceptional potential of Project Olza and to add value to the project," said President & CEO Robert Konski. "These new drill holes have obtained valuable data for our ongoing engineering studies and also indicate extensions to the mineralization, confirming the potential to expand the mineral resources and extend the mine life from that presented in the PEA."

Table of Assay Results
Drill Hole Number From
(m)To
(m)Length
(m)Zn+Pb*
(%)Zn
(%)Pb
(%)Ag
(g/t)

OLZ-226		99.00	99.50	0.50	1.32	0.61	0.71	3.4
		102.70	106.30	3.60	1.76	0.95	0.81	2.4
	incl	102.70	104.00	1.30	2.71	1.12	1.59	4.0
OLZ-228		97.90	103.90	6.00	2.77	2.56	0.21	9.0
	incl	97.90	100.30	2.40	3.94	3.71	0.23	11.9
OLZ-229		102.30	106.20	3.90	4.70	4.54	0.16	20.0
	incl	102.30	104.90	2.60	5.49	5.25	0.24	25.8
		114.80	116.30	1.50	2.81	2.80	0.01	18.4
OLZ-230		108.60	111.50	2.90	2.80	1.78	1.02	**
OLZ-231		111.35	113.90	2.55	2.19	2.04	0.15	13.5
OLZ-232		122.00	130.50	8.50	4.77	4.53	0.24	12.8
	incl	128.40	130.50	2.10	17.89	16.98	0.92	36.8
	and	128.40	129.80	1.40	25.47	24.12	1.35	49.7
OLZ-235		123.10	124.00	0.90	2.91	2.79	0.12	10.2
OLZ-237		90.10	97.00	6.90	0.67	0.65	0.02	4.1
	incl	94.20	95.40	1.20	2.40	2.37	0.03	12.1
OLZ-238		98.80	101.90	3.10	1.21	1.17	0.04	8.3
OLZ-240		102.50	104.60	2.10	4.56	4.46	0.10	16.1
OLZ-241		103.35	106.60	3.25	16.00	15.91	0.08	**
	incl	103.35	104.60	1.25	36.85	36.68	0.16	**
All diamond core holes were drilled vertically through the sub-horizontal mineralized horizons so intersections represent approximate true widths. No significant results in holes 227, 233, 234, 236 and 239. Figures may not add due to rounding. * Ag results pending.

About Rathdowney and Project Olza

Rathdowney Resources Ltd. is focused on advancing Project Olza through permitting and into production.

Project Olza is located in the Upper Silesian Mining District of southwestern Poland, a world-class region of Mississippi Valley-type deposits with well-developed mining infrastructure. Easily accessible by road, the Olza project site is a one-hour drive from Krakow, a major city with full services, including an international airport. The deposits at Olza are 25 km from the ZGH zinc smelter at Boleslaw. A railway line runs through the Olza project-area, linking it to the local facilities and also to other smelters through ports on the Baltic Sea.

For further details, visit the Company website www.rathdowneyresources.com or contact:

Roger Blair, Investor Relations
Tel: 778-373-6725 or Toll free (NA): 1-800-667-2114 FREE or
Susie Bell, Investor Relations
Tel 778-373-6728 or Toll free (NA) 1-800-667-2114 FREE

Dr. Keith Roberts, PGeo., is the qualified person, as defined under NI43-101, for the drilling program at Project Olza and has reviewed the technical information in this release.

On behalf of the Board of Directors
Robert Konski
President & CEO

Rathdowney Resources Ltd.
15th Floor - 1040 West Georgia Street Vancouver, BC V6E 4H1
Phone: 604-684-6365 | Toll Free: 1-800-667-2114 FREE | Fax: 604-684-8092
Email: info@rathdowneyresources.com Website: www.rathdowneyresources.com