Mr. Paul Joyce reports

RUGBY MINING ANNOUNCES AN INCREASE IN ITS NON-BROKERED PRIVATE PLACEMENT

Due to subscriber demand, Rugby Mining Ltd.'s board of directors has approved an increase to its private placement offering. The increased offering will consist of up to 8.5 million units up from the 6,666,667 units previously announced on June 24, 2016. The terms of the private placement financing will remain the same, and each unit will be offered at a price of 30 cents per unit for gross proceeds of up to $2.55-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, and is subject to receipt of all necessary regulatory approvals.

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