Mr. Mark Vanry reports

RHYS RESOURCES LTD. ACQUIRES PROVOST OIL ASSETS

Rhys Resources Ltd. purchased 128 hectares of land in the Provost area of Alberta at the June 22, 2016, Alberta land sale. The land was previously drilled and produced oil from the Dina formation. To date, the oil recoveries from the pool are low relative to other Dina pools in the area. Rhys plans to exploit the remaining oil utilizing the existing facilities and infrastructure that were installed by the original operator.