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To: Andrew~ who wrote (20365)	10/19/2016 8:21:31 AM
From: Goose94	Read Replies (2) \| Respond to of 204396

Rupert Resources (RUP-V) Oct 19, '16 announces that it intends to complete a non-brokered private placement of up to 15,384,615 common shares of the Company at a price of $0.65 per Common Share for gross proceeds of up to $10,000,000. The Company has the option to increase the size of the Private Placement by up to an additional 2,307,692 Common Shares, for total gross proceeds of up to $11,500,000. The Private Placement is subject to the approval of the TSX Venture Exchange. The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws. The Company intends to use the proceeds from the Private Placement in connection with the previously announced Phase 2 of its exploration program and certain capital programs associated with returning the permitted Pahtavaara mine to production. The Company may pay a commission or finder's fee to eligible parties in connection with the Private Placement, subject to the approval of the TSX Venture Exchange and compliance with applicable securities laws. The securities being offered pursuant to the Private Placement have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of, or a solicitation of an offer to buy, the securities in the United States. About Rupert Rupert Resources is a Canadian based gold exploration and development company that is listed on the TSX Venture Exchange under the symbol "RUP". The Company has exercised an option to acquire the Pahtavaara gold mine, mill, and exploration permits and concessions located in the Central Lapland Greenstone Belt in Northern Finland (see the Company's August 30, 2016 press release). The purchase price for the acquisition is US$2,500,000, structured as a US$500,000 cash payment that was made upon the exercise of the option (less the US$100,000 deposit payments already made). A 1.5% production royalty, capped at US$2,000,000, is also payable on go-forward revenues generated when gold production resumes. The Company also holds a 100% interest in the Gold Centre property, which consists of mineral claims located in the Balmer Township, Red Lake Mining Division of Ontario. Rupert Resources Ltd. Brian Hinchcliffe President and Chief Executive Officer +1 (914) 815 2773 info@rupertresources.com www.rupertresources.com