Mr. Paul Joyce reports

RUGBY MINING ANNOUNCES CAD$2 MILLION NON-BROKERED PRIVATE PLACEMENT

Rugby Mining Ltd.'s board of directors has approved a proposed private placement offering of up to 6,666,667 units at a price of 30 cents per unit for gross proceeds of up to $2-million.

Each unit will consist of one common share and one-half common share purchase warrant. Each full warrant (two half warrants together) will entitle the holder thereof to purchase one additional common share of the company for a period of two years from the date of the close at an exercise price of 45 cents during the first year and 60 cents in the second year.

It is expected that insiders and their associates will subscribe for a significant portion of the offering.

A material change report relating to the offering is being filed fewer than 21 days prior to the closing of the offering. The shorter period is necessary to permit the company to close the offering in a time frame consistent with usual market practice for transactions of this nature.

Closing of the proposed offering is anticipated to occur on or about July 25, 2016. Closing of the offering is subject to receipt of all necessary regulatory approvals.

Proceeds of the offering will be used to finance Rugby's exploration expenditures, including its Colombian gold and copper projects and its Mabuhay project in the Philippines, and for administrative purposes.