RT Minerals Corp. Announces Acquisition of South Wawa Gold Property Near Wawa, Ontario and Stock Option Grant
RT Minerals Corp. Announces Acquisition of South Wawa
Gold Property Near Wawa, Ontario and Stock Option
Grant
Vancouver, British Columbia--(Newsfile Corp. - February 15, 2018) - RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the
"Company") announces that it has entered into a purchase and sale agreement to acquire 100% interest in the South Wawa
gold property (the "Property") from Argo Gold Inc. ("Argo") for consideration of 350,000 common shares of the Company.
The South Wawa gold property consists of two mineral claims totalling 16 units or 256 hectares located approximately 10
kilometres south of the Town of Wawa, Ontario in Naveau Township.
The Property is bordered to the north by Red Pine
Exploration Inc.
Argo completed an MMI orientation survey, channel sampling, prospecting, mapping and grab sampling on the Property during
the 2017 field season.
The results of the channel sampling confirmed historic results.
Prospecting delineated mineralized zones
around an area termed the Camouflage vein.
The highest gold grades obtained from prospecting samples are 11.6 g/t Au and
10.1 g/t Au (Argo Gold Press Release October 24, 2017 and Assessment Report dated December 22, 2017 prepared for Argo
by Ronacher McKenzie Geoscience).
This transaction is subject to the acceptance of the TSX Venture Exchange.
STOCK OPTIONS
The Company has allocated 750,000 stock options to consultants of the Company that are exercisable at $0.05 per share until
two years from the date of grant.
The Company has also canceled 390,000 consultant stock options with an exercise price of $0.10 per share and 1,420,000
consultant stock options with an exercise price of $0.11 per share and granted/repriced 920,000 stock options to consultants of
the Company that are exercisable at $0.05 per share until two years from the date of grant.
The stock options are subject to acceptance of the TSX Venture Exchange.
ABOUT RT MINERALS CORP.
RT Minerals Corp. is a junior resource company engaged in the acquisition, exploration and evaluation of primarily gold and
diamond properties in Canada.
The Company's principal mineral properties include the 100% optioned
Norwalk
and
Dill River
gold properties that are respectively contiguous to the southern and eastern borders of Red Pine Exploration Inc.'s Wawa Gold
Project near Wawa, Ontario; the 100% owned
Golden Reed Mine
gold property that is staked within Red Pine's Wawa Gold
Project; the 100% owned
Ballard Lake
diamond and gold property located ~50 km ENE of Wawa, Ontario; and the 100%
owned
Dog Lake
gold property located ~59 km NE of Wawa, Ontario.
The Company's common shares are listed on the TSX Venture Exchange under the symbol "RTM" and on the OTC Pink Market
under the symbol "RTMFF" with DTC eligibility for trading in the United States.
For more information on the Company and its properties, please visit the Company's website at
www.rtmcorp.com
.
FOR FURTHER INFORMATION CONTACT:
Paul Antoniazzi
President and Chief Executive Officer
RT Minerals Corp.
Toll Free: 877-581-3170
Telephone: 604-681-3170
Fax: 604-681-3552
Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.