Rupert Resources Ltd. reported drill results from its 2022/23 exploration program at its multi-million ounce Ikkari gold discovery at the 100% owned Rupert Lapland Project in Northern Finland. New drilling at Ikkari North successfully targeted the Eastern continuation of mineralisation hosted within an E-W structural corridor. #123059 intersected 2.7g/t Au over 35.1m from 233.1m (165m vertical) including 56.6g/t Au over 1.0m; #123069 intersected 1.1g/t Au over 14.6m from 291.4m including 4.3g/t Au over 0.5m.

The 2022/23 infill and exploration drill program at Ikkari successfully extended the mineralised envelope at depth to the west and across the strike extent of the deposit. The database for assays to be included in an updated NI 43-101 MRE, the basis of a pre-feasibility study to be completed in H1 2024, was closed at the end of June 2023 and the aim is to complete the update in Fourth Quarter 2023. The 2023/24 exploration drilling program has now commenced.

Following a further update to geological model and structural interpretation of Area 1, and the completion of the immediate requirements for Ikkari infill drilling, the focus of the drilling is returning to exploration. The pre-feasibility study ("PFS") for the Ikkari project has now begun and is being led by Rupert's owner's team and consultancy firm WSP. The PFS metallurgical test work is now underway and the mineral resource update for the Ikkari deposit should be concluded by the end of Fourth Quarter 2023.

Geological interpretation: Ikkari was discovered using systematic regional exploration that initially focused on geochemical sampling of the bedrock/till interface through glacial till deposits of 5m to 40m thickness. All samples are under watch from the drill site to the storage facility. Hole 123059 includes results from screen fire assay.

Hole ID Prospecting Northing Elevation Azimuth Dip EOH (m).