Mr. Douglas Andrews reports

RT MINERALS CORP. ACQUIRES ADDITIONAL RARE EARTH AND NICKEL-CHROMIUM-COBALT PROPERTIES IN NORTHEASTERN ONTARIO

RT Minerals Corp. has acquired two additional nickel-chromium-cobalt properties and one rare earth element (REE) niobium property within the Abitibi greenstone belt in Northeastern Ontario.

Nordica property (copper (Cu), nickel (Ni), cobalt (Co), chromium (Cr) and palladium (Pd))

The Nordica property comprises 34 claims in Nordica township, covering the ultramafic layered Nordica intrusive complex in the Abitibi greenstone belt, within the Superior province, 60 kilometres southeast of Timmins, Ont. The company acquired 14 of the claims through map staking (MLAS, Ontario) and 20 of the claims by way of a purchase and sale agreement with an arm's-length vendor for consideration of 300,000 common shares of the company, and a 2-per-cent net smelter return (NSR) royalty on the vendor claims as well as any claims that the company has acquired within a two-kilometre area of interest surrounding the vendor claims, of which a 0.8-per-cent NSR royalty may be purchased for $2.5-million at any time. The agreement is subject to the approval of the TSX Venture Exchange.

The Nordica property is prospective for copper, nickel, cobalt, chromium and palladium mineralization. Previous exploration activity on the Nordica property has encountered Cu grading up to 0.292 per cent (rock grab samples), Ni up to 0.24 per cent in drill core over 1.0 metre (m), Co up to 614 parts per million (ppm) (outcrop), Cr up to 17.7 per cent (grab rock sample) and Pd up to 1.2 parts per billion (ppb) (outcrop chip sample and drill core interval over 1.0 m) (MNDM file OFR 6102). The property covers approximately 75 per cent of the ultramafic layered intrusion, which is currently inferred to be approximately 4.0 kilometres long, 250 metres wide and 100 metres deep (MNDM files 20000008666 and 2000113735).

Galna/Moody property (Cu, Ni, Co, Cr)

The Galna/Moody property comprises four separate claim blocks totalling 24 cells in the Galna and Moody townships, Ontario, that the company acquired a 100-per-cent royalty-free interest by map staking (MLAS, Ontario).

The Galna-Moody property is located 35 kilometres east of Iroquois Falls, Ont. The claim blocks are prospective for Cu, Ni, Co and Cr contained within individual peridotite ultramafic cumulate intrusive complexes that are intruded into the meta volcanic sequences of the Abitibi greenstone belt. The intrusive lenses are characterized by strong magnetic signatures (MNDM files 42h02SE0001 and M81908).

Previous exploration activities have identified up to 0.35 per cent Ni and 0.57 per cent Cr in peridotite grab rock samples from within individual peridotite lenses up to 150 m in thickness (MNDM files 42H02SE0001 and 42A16SW0081).

Kendrey property (REE)

The Kendry property comprises 32 claims that the company acquired a 100-per-cent royalty-free interest by map staking (MLAS, Ontario) in the Kendrey and Colquhoun townships, located 14 kilometres southeast of Smooth Rock Falls, Ont.

The Kendrey property covers what appears to be a large, inferred carbonatite complex that is prospective for rare earth elements, specifically niobium. The intrusive is approximately 2.8 kilometres wide and 2.7 kilometres long. It is positioned along a southeastern extensional splay fault belonging to the Kapuskasing structural trend. The magnetic signature is very similar to several documented carbonatite complexes that contain an internal low magnetic central core surrounded by a highly magnetic circular outer ring (MNDM files PO 452, M82813 and M82824). The intrusive is bounded to the east by a large north-south-trending fault.

The exploration programs contemplated on the three new property acquisitions are eligible under the federal government of Canada flow-through shares and critical minerals exploration tax credit programs, subject to acceptance. Work permitting programs are being submitted on seven of the properties for 2023 and 2024 exploration. Exploration plans are subject to financing.

Qualified person

The technical information contained in this news release has been reviewed and approved by Garry Clark, PGeo, a qualified person as defined in National Instrument 43-101, Standards of Disclosure for Mineral Projects. The true widths of the historical drill intercepts contained above herein on the Nordica property are not known.

About RT Minerals Corp.

RT Minerals is a junior exploration company listed on the TSX Venture Exchange under the symbol RTM. The company holds a 100-per-cent interest, largely royalty free, in a portfolio of rare earth element, gold and base metal properties in Ontario. The company also holds an option to acquire a 100-per-cent interest in the Link-Catharine RLDZ gold property, located 22 kilometres south-southeast of the town of Kirkland Lake, Ont.

We seek Safe Harbor.