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 5,725,000 units, up from the 3.5 million units previously announced on May 2, 2018. The terms of the private placement financing will remain the same, and each unit will be offered at a price of 35 cents per unit for gross proceeds of up to $2,003,750.

Each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one additional common share of the company for a period of one year from the date of the close at an exercise price of 50 cents.

A material change report relating to the offering is being filed less than 21 days prior to the closing of the offering. The shorter period is necessary in order 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 June 2, 2018, and is subject to receipt of all necessary regulatory approvals.

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