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To: Andrew~ who wrote (18648)6/10/2016 2:20:24 PM
From: Goose94Read Replies (1) | Respond to of 203728
 
RUG-V new 52 week high, 35 cents



To: Andrew~ who wrote (18648)6/13/2016 6:59:43 AM
From: Goose94Read Replies (1) | Respond to of 203728
 
Rugby Mining (RUG-V) June 13, '16 is pleased to announce that the Company has completed a partial technical review of the extensive database relating to the recently acquired Colombian gold projects. See news release NR16-03 dated June 1, 2016.

To view Figure 1: Location of recently acquired Colombia gold properties, please visit: http://media3.marketwire.com/docs/1058694f.pdf


The portfolio comprises numerous projects including the El Poma and the Caramanta projects located in the prolific mid-Cauca gold-copper porphyry belt and the Pastora projects which are located in the Bucaramanga belt. These belts are considered prospective for both epithermal and porphyry gold mineralisation. Importantly, the database includes regional scale geochemical and geophysical data over a larger area than just that of the concessions and applications acquired.

Chairman Mr. Bryce Roxburgh stated, "We remain in the early stages of our database and project portfolio review. Our initial assessment has centred on El Poma, the only project that has been partially drilled tested. We are certainly encouraged by past results, and follow up is anticipated.

"As an example, past drilling completed at El Poma utilised wide drill-hole spacings, typical of early stage exploration, and intersected encouraging results as listed below. Based on my experience, such wide spacings leave ample room for discovery of additional mineralisation, particularly when the effect of epithermal overprinting is a consideration.

"What is particularly exciting for Rugby is the opportunity to immediately start work on these fully permitted concessions. We are eager to develop quality relationships with land owners and members of the surrounding community. We believe that ensuring open dialogue and transparency with local stakeholders is key to the future success of our projects."

The El Poma Project

El Poma, the most advanced project in the portfolio, is located in the mid-Cauca Belt (Figure 2). The economic significance of the region is evidenced by the multimillion ounce gold discoveries made by AngloGold Ashanti at La Colosa and Quebradona.

To view Figure 2: Mid-Cauca Gold Deposits, please visit: http://media3.marketwire.com/docs/1058694f.pdf

Gold mineralisation at El Poma is interpreted to be a high grade epithermal style overprinting a larger lower grade porphyry system. The prospect, discovered in 2009, was defined by a regional stream sediment sampling program. Subsequent ground work and geophysical surveys defined a 2km x 6km gold porphyry target. *30 diamond drill-holes totalling 14,316 metres were completed.

To view Figure 3: Prospect location and regional gold stream sediment geochemistry*, please visit: http://media3.marketwire.com/docs/1058694f.pdf

Three gold targets known as La Estrella, El Deleite and La Hermita have been drilled to date. Several attractive targets remain untested both within the granted concessions and adjacent applications. These targets are represented by untested geochemical and aeromagnetic anomalies.

*Selected drill intersections reflecting broad intervals of mineralisation include:

99.50m of 0.74 g/t Au from 42.00m Hole P25 (La Estrella)

95.50m of 0.90 g/t Au from 117.00m Hole P5 (El Deleite)

175.30m of 0.81 g/t Au from 324.70m Hole P6 (El Deleite)

181.25m of 0.72 g/t Au from 39.75m Hole P27 (El Deleite)

*Selected drill intersections reflecting narrower zones of higher grade gold mineralisation include:

4.10m of 13.28 g/t Au from 136.90 including 1.50m of 33.70 g/t Au from 139.50m and 2.10m of 89.71 g/t Au from 292.90m Hole P7 (El Deleite)

22.50m of 3.09 g/t Au from 408.00m including 4.50m of 10.51 g/t Au from 418.50m Hole P6 (El Deleite)

1.5m of 28.40 g/t Au from 52m Hole P21 (La Hermita)

*Click here for the complete listing of drill-hole intercepts above 1.0 g/t gold including associated drill-hole data, quality control and assurance information. The Company was not involved in past drilling or assaying of the results presented, however it believes the data is suitable to report in this news release.

El Poma's granted concessions and applications are located in a designated coffee growing region known locally as the "Eje Cafetero." Even though El Poma is situated in this designated area, exploration employing all the relevant modern techniques including, drilling is permitted on the granted concessions. It should be noted that the Eje Cafetero region is not a national park, forestry reserve or ethnically protected zone and mineral exploration and extraction are not restricted.

Further technical information on the Pastora, Caramanta and other gold properties is expected to follow in the near future pending further review of the extensive database.

Francisco Montes, Rugby's Chief Geologist and a "qualified person" ("QP") within the definition of that term in National Instrument 43-101, Standards of Disclosure for Mineral Projects, has verified the technical information that forms the basis for this news release.

For additional information, you are invited to visit the Rugby Mining Limited website at www.rugbymining.com.

RUGBY MINING LIMITED

Paul Joyce, President and CEO

Rugby Mining Limited
Paul Joyce
President and CEO
604.688.9532
604.688.4941 / Toll-free: 1.855.688.4941
info@rugbymining.com
www.rugbymining.com