Mr. Paul Antoniazzi reports

RT MINERALS CORP. ANNOUNCES NEW PRIVATE PLACEMENT

The private placement proposed in RT Minerals Corp.'s news releases dated Dec. 7, 2016, and Jan. 20, 2017, will not proceed. Instead, the company has arranged a new private placement of up to 125 units to raise gross proceeds of up to $175,000. Each unit will be priced at $1,400, and will comprise 10,000 flow-through common shares, 10,000 non-flow-through common shares and 20,000 share purchase warrants exercisable at 10 cents for a term of two years. The unit pricing is equivalent to seven cents per share and a whole warrant attached to each share that is exercisable into one further common share at a price of 10 cents for a term of two years.

The proceeds from the sale of the flow-through portion of the offering will be used for exploration activity on the company's 100-per-cent-owned, subject-to-retained-royalty, Ballard Lake diamond and gold property, and its 100-per-cent-optioned Norwalk gold property, both located near Wawa, Ont. The proceeds from the sale of the non-flow-through portion of the offering will be used for general working capital.

A finder's and/or administrative fee of up to 10 per cent may be paid to registered representatives in connection with the offering. The fee will be 50 per cent in cash and 50 per cent in common shares at seven cents per share.

The offering is subject to the acceptance of the TSX Venture Exchange.