Rizal Resources : Company Announces Application for Voluntary Management Cease Trade Order

NEWS RELEASE

Symbol: RZL-TSX.V

RIZAL ANNOUNCES APPLICATION FOR

VOLUNTARY MANAGEMENT CEASE TRADE ORDER

April 18, 2019 - Vancouver, British Columbia - Rizal Resources Corporation (TSXV: RZL) (the "Company") announces that it has applied for a voluntary management cease trade order in accordance with National Policy 12-203due to it not being able to file its annual financial statements and MD&A on SEDAR within 120 days of its financial year-end.

The Company is continuing work on portions of the financial audit not yet completed in the Philippines. The reason additional time is required is due to a number of circumstances at our operations including changes in key personnel of our subsidiary, Tribal Mining Company, which includes the President, Mine Manager and Mill Manager. As a result of the changes in country, the National Finance Manager was replaced with the appointment of a new Finance Manager. As a result, the Company concluded that it would not be able in a position to complete the year-end audit within the time periods required by National Instrument 51-102. The Company currently anticipates that it will be in a position to file its annual financial statements and MD&A on or before July 2, 2019.

The Company intends to satisfy the provisions of the alternative information guidelines of National Policy 12-203 until the revocation of the management cease trade order. The Company is not subject to any insolvency proceedings.

ON BEHALF OF THE BOARD OF DIRECTORS

RIZAL RESOURCES CORPORATION

Peter Main

President and CEO

For further information, please visit our website at www.rizalresources.com, email us at [e-mail], or telephone [phone].

Neither 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.

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