Rupert Resources Announces Non-Brokered Private Placement of Up to $500,000

TORONTO, ONTARIO--(Marketwired - Feb. 17, 2016) -

(NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA)

Rupert Resources Ltd. ("Rupert" or the "Corporation") (TSX VENTURE:RUP) announces that it intends to complete a non-brokered private placement of up to 11,111,111 equity units ("Units") of the Corporation at a price of $0.045 per Unit for gross proceeds of up to $500,000 (the "Private Placement").

Each Unit will be comprised of one (1) common share of the Corporation and one (1) common share purchase warrant of the Corporation (a "Warrant"). Each Warrant will entitle the holder to acquire one common share of the Corporation for a period of 18 months from the date of issuance of the Warrant, at an exercise price of $0.06 per share.

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 Corporation intends to use the proceeds from the Private Placement in connection with maintenance of its current assets (estimated to be approximately $50,000) and towards general and administrative expenses, though management and the Board of Directors reserves the discretion to apply the proceeds to any opportunities that may present themselves in 2016.

The Corporation 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.

ON BEHALF OF THE BOARD

M. Kostuik, President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Statements

This press release contains statements which constitute "forward-looking statements", including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to the future business activities and operating performance of the Corporation. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Corporation, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Corporation's annual Management's Discussion and Analysis for the year ended February 28, 2015 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Corporation does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.