Mr. Douglas Andrews reports

RT MINERALS CORP. STAKES ADDITIONAL CLAIMS TO EXPAND BOUNDARY OF 100% OWNED SHEBA PROPERTY, ONTARIO

RT Minerals Corp. has staked an additional 150 mineral claims totalling approximately 2,650 hectares within the northwest-southeast-trending Michie, Sheba and Alma township corridor in the Abitibi greenstone belt, located within the Superior province, 70 kilometres southeast of Timmins, Ont. The additional claims surround the initial 54 Sheba North, Sheba South and Sheba East claim blocks recently acquired by the company (see June 13, 2023, and July 5, 2023, news releases). The Sheba property is 100 per cent owned and royalty-free.

The Sheba property is prospective for copper, nickel, cobalt, chromium, platinum and palladium mineralization (MNDM file No. 42A02SE2019). Previous limited surface sampling activities have encountered 0.19 per cent copper, 0.14 per cent nickel and 0.34 per cent chromium immediately west of the Sheba South block in ultramafic pyroxenite-peridotite assemblages. Whole-rock analysis of these units is substantially identical to the peridotites and associated nickel mineralization that occurs in Langmuir township, 36 kilometres on trend to the northwest.

The pyroxenites and peridotites exhibit strong magnetic signatures and the entire claim block covers extensive geophysical magnetic anomalies that are currently interpreted as peridotite intrusive bodies within the volcanic stratigraphy of the Abitibi greenstone belt (MNDM file Nos. M82050, M82049, M82031, M82032 and M82056).

The exploration programs to be conducted within the entire 204-claim block in Michie, Sheba and Alma townships are expected to be eligible under the federal government of Canada flow-through share and critical mineral exploration tax credit programs, subject to acceptance. Work permitting programs will now be initiated on at least six geophysical anomalies within the continuous 204-claim block for the 2023/2024 exploration seasons. The work programs are subject to company 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.

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.

The Nordica property (copper, nickel, cobalt, chromium and palladium) comprises 34 claims in Nordica township that cover the ultramafic layered Nordica intrusive complex in the Abitibi greenstone belt, within the Superior province, 60 kilometres southeast of Timmins, Ont. Nordica is prospective for copper, nickel, cobalt, chromium and palladium mineralization. Previous exploration activity on the Nordica property has encountered copper grading up to 0.292 per cent (rock-grab samples), nickel up to 0.24 per cent in drill core over 1.0 metre, cobalt up to 614 parts per million (outcrop), chromium up to 17.7 per cent (grab-rock sample) and palladium up to 1.2 parts per billion (outcrop chip and drill core over 1.0 metre) (MNDM file No. 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 file Nos. 20000008666/2000113735).

The Kenogaming, Pharand I and Pharand II properties (nickel, chromium and cobalt) consist of 38 claim blocks that are 100 per cent owned, with 32 claims royalty-free and six claims subject to a 2-per-cent net smelter return royalty. The properties are situated in Kenogaming and Pharand townships in the northern Swayze greenstone belt, located within the Abitibi subprovince of the Superior province, southwest of Timmins, Ont. The properties are located within the Hanrahan assemblage, which is confined to the southeastern part of the northern Swayze greenstone belt. Cumulate ultramafic bodies are the specific targets comprising the Kenogaming, Pharand I and Pharand II prospects. In 1979, previous operators tested a strong magnetic anomaly with a 184.5-metre-long diamond drill hole, which intersected up to 0.25 per cent nickel in carbonated and serpentinized cumulate ultramafic with interbeds of chlorite and talc alteration over a 3.0-metre section at the bottom of the hole. Further drilling is warranted on the Kenogaming, Pharand I and Pharand II prospects with the objective to expand the historical nickel, chromium and cobalt mineralization within the Kenogaming intrusive.

The Ireland property (rare earth elements) is a royalty-free 52-claim block covering an inferred carbonatite complex located in Ireland township, 45 kilometres northeast of Smooth Rock Falls, Ont. The Ireland complex is 100 per cent owned by RTM and is approximately 4.0 kilometres long, 2.8 kilometres wide, oval shaped and positioned along a southern extensional splay fault contained within the Kapuskasing structural trend. The Kapuskasing structural trend contains several well-documented carbonatite complexes that contain niobium, iron, titanium and rare earth element resources within various assemblages of carbonatite rocks.

Case Batholith Group 1 (rare earth elements) consists of 90 claims covering the Case Batholith centred on Heighington township, 85 kilometres northeast of Cochrane, Ont. The Case Batholith properties are 100 per cent owned and royalty-free. The properties occur within the boundaries of the Case batholith and are specifically located in Heighington, Kenning, Sequin and Case townships. Five properties are situated 12 kilometres north of Power Metals Corp.'s Case Lake lithium/cesium discovery in Steel township.

Case Batholith Group 2 (rare earth element) consists of four properties (113 claim blocks) that are 100 per cent owned and certain of the claims are subject to a 2-per-cent NSR royalty, within the boundaries of the Case batholith in Northern Ontario. The four properties are in Agassiz township (29 claims), Potter township (51 claims), Seguin/Challies township (14 claims) and Bragg township (19 claims). The properties are located to the northwest of Power Metals' Case Lake lithium/cesium discovery in Steel township, Ontario. All the claim blocks have been acquired based on magnetic signatures resembling east-west-trending pegmatitic dikes and laccolith structures contained within the tonalite/granodiorite rock assemblages of the Case batholith.

The Sheba/Michie/Alma (copper, nickel, cobalt, chromium and platinum) property in Ontario is as summarized herein.

The Kendrey property (rare earth element) consists of 32 claims in the Kendrey and Colquhoun townships, located 14 kilometres southeast of Smooth Rock Falls, Ont., that are 100 per cent owned and royalty-free. The property covers what appears to be a large, inferred carbonatite complex that is prospective for rare earth elements, primarily 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 Galna/Moody property (copper, nickel, cobalt and chromium) consists of four separate claim blocks totalling 24 cells in the Galna and Moody townships, located 35 kilometres east of Iroquois Falls, Ont. The company acquired 100-per-cent interest in the property by map staking.

The Timmins property (base metals) is a royalty-free 16-claim block located approximately 50 kilometres southeast of Timmins, Ont., and is 100 per cent owned by RT Minerals. The property features several mineralized fault systems that suggest proximity to a base metal source.

The Link-Catharine RLDZ property (gold) comprises 15 unpatented single-cell mining claims with a total area of 220 hectares in one claim block. The Link-Catharine property is located 22 kilometres south-southeast of the town of Kirkland Lake, Ont. RT Minerals has an option to earn a 100-per-cent interest in this property subject to a 2-per-cent net smelter return royalty.

The Milligan property (gold) is a royalty-free 16-claim block located approximately 75 kilometres northeast of Timmins, Ont., and is 100 per cent owned by RT Minerals. The Milligan property covers the southeast extension of the volcanic stratigraphy hosting the Eastford Lake gold discovery of 142.2 grams per tonne gold over 3.0 metres announced by Explor Resources in 2009.

The Blakelock property (gold) is a royalty-free nine-claim block located approximately 75 kilometres northeast of Cochrane, Ont., and is 100 per cent owned by RT Minerals. The property is host to a massive east-west-trending magnetic-high intrusive complex that was subject to limited drilling in 1967.

The Mcquibban property (gold) is a royalty-free 19-claim block located approximately 50 kilometres north of Cochrane, Ont., and is 100 per cent owned by RT Minerals. The property hosts a strong 3.0-kilometre-long, east-west-trending inferred oxide facies banded iron formation, in which one historical drill hole encountered a gold mineralized interval of 5.47 grams per tonne gold over 1.2 metres.

We seek Safe Harbor.