Mr. Paul Antoniazzi reports

RT MINERALS CORP. ANNOUNCES ACQUISITION OF BALLARD LAKE GOLD PROPERTY

RT Minerals Corp. (RTM) has settled the principal terms of a purchase and sale agreement with Lakeland Resources Inc. for RTM to acquire a 100-per-cent interest in the Ballard Lake gold property, located approximately 50 kilometres northeast of Wawa, Ont.

In order to purchase 100 per cent of the property, RTM must complete a minimum financing of $200,000 and forthwith thereafter issue four million common shares of RTM to Lakeland. The property is subject to a 2-per-cent net smelter royalty to the credit of the original and previous property vendors. The transaction is subject to regulatory filings and acceptance.

Ballard Lake property, Ontario

The Ballard Lake property consists of four unpatented mining claims encompassing 48 claim units located in Echum and Dolson townships within the Michipicoten greenstone belt, Sault Ste. Marie mining division. The property is road accessible and covers the Ballard Lake shear zone (BLSZ) and the main Ballard Lake showing. The BLSZ has been exposed for over one kilometre and reportedly returned gold assays from grab samples as high as 17.6 grams per tonne gold from historical trenches. Past work by previous operators (Noranda Mines in 1980 and Anglo Porcupine Gold Exploration Ltd. in 1988) has established the presence of gold mineralization at least intermittently along the BLSZ as well as numerous other gold and base metal occurrences from surface sampling within the property boundary. The main Ballard Lake showing has been described as a sulphide-bearing quartz vein that is commonly 30 to 40 centimetres wide, with grab samples ranging from trace to over 4.4 ounces per ton gold and 12 ounces per ton silver.

A 1998 OPAP (Ontario prospectors assistance program) program on the Ballard Lake property comprised prospecting, line cutting and an induced polarization geophysical survey. The 1998 program identified the shear zone as well as several geophysical target areas (strong chargeability anomalies) that were covered by overburden. Drilling was recommended but to date has not been carried out.

Quality control

Robert (Bob) Duess, PGeo, is the independent consultant and qualified person who has prepared or supervised the preparation of the information that forms the basis for the scientific and technical disclosure in this news release.