Rupert Resources Ltd ('Rupert' or the 'Company'), a company advancing the multi-million-ounce Ikkari gold deposit and new regional discoveries at the company's 100% owned Rupert Lapland Project in Northern Finland, is pleased to announce new drilling from its Ikkari and Heina South discoveries.

Ikkari has a National Instrument 43-101 inferred mineral resource estimate of 49 million tonnes ('Mt') at 2.5 grams per tonne gold ('g/t Au') for 3.95 million ounces 1. Over 44,000 metres ('m') of drilling has now been completed at Ikkari since the maiden resource statement in September 2021, focused on upgrading and expanding the Ikkari resource estimate. Elsewhere, regional exploration continues with around 25,000m drilled on targets excluding Ikkari since September 2021.

James Withall, CEO of Rupert Resources commented 'The new drilling at Ikkari continues to expand the mineralised envelope with the infill drilling undertaken this winter season essential to improving resource confidence and maintaining the permitting timeline for the project. We continue to increase our understanding of the broader mineralising system through drilling and a recently completed geophysical survey. This will inform our next round of step out drilling at Ikkari and our exploration programmes to make further discoveries of scale in the region. Ikkari remains the cornerstone discovery in a potential new mining camp in a tier one jurisdiction.'

Contact:

Tel: +1 416 304 9004

Email: info@rupertresources.com

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