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File: NR-2016-10-20 Tboli-miners.pdf

October 13, 2016
NEWS RELEASE                                                                                    Symbol: RZL-TSXV

                            Landmark agreement reached with T'Boli small scale miners

October 20, 2016   Vancouver, British Columbia: Rizal Resources Corporation (TSXV: RZL) ("Rizal" or the "Company")
announces its Philippines local partner Tribal Mining Corporation ("TMC") has concluded a landmark agreement with the 
--->small
scale miners who have coexisted at the T'Boli gold mine since the issuing of the Mining Licence in 1997. This is a mil
--->estone
transaction for both TMC and Rizal and represents a mutually beneficial outcome for all parties including TMC, Rizal, 
--->the small
scale miners and, more importantly, the local T'Boli community.

While the details of the agreement are confidential, this transaction paves the way for TMC to fully optimize the T'Bo
--->li orebody.
Underground development at T'Boli continues and has intersected the first mineralized vein and is within 5 metres of r
--->eaching
the second vein. Ore development is expected to commence in the next 2 weeks.

Under the agreement the small scale miners will be financially compensated over the next five years and will provide t
--->heir full
support to the T'Boli Operation. This is a significant step in TMC and Rizal's future objective to build a successful 
--->and
sustainable operating gold mine in the Philippines, as previous coexistence significantly restricted commercial mining
---> activity
and generated major safety concerns.

The small scale miners and employees who previously worked in the areas safeguarded by the agreement will be given the
opportunity and assistance to learn and engage in a new trade through TMC's livelihood training center. This training 
--->center is
a flagship project of TMC's 2017-2022 Social Development Management Program and seeks to help the community learn
agriculture and agronomy, souvenir-making, carpentry, electronics repair and other trades.

This transaction is another important step in the restructuring of Rizal and the T'Boli project. Rizal and TMC express
---> their
appreciation for the ongoing support of the local community and local government units to support the first commercial
---> mine
successfully operating in South Cotabato.

The new website is still in its final stages of construction and therefore in the interim if you require further infor
--->mation please
make all enquiries to Peter Main +61 408 193 325.

On Behalf of the Board,                                                            For further information
Peter Main                                                                         visit our website at www.cadanresou
--->rces.com;
President                                                                          email us at info@cadanresources.com
--->, or
                                                                                   contact: Peter Main, Ph: +61 408 19
--->3325



 Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
---> TSX Venture
                          Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward Looking Statements

This news release contains certain "forward-looking statements". All statements, other than statements of historical f
--->act that address activities,
events or developments that the Corporation believes, expects or anticipates will or may occur in the future are forwa
--->rd looking statements.
These forward-looking statements reflect the current expectations or beliefs of the Corporation based on information c
--->urrently available to
the Corporation.

Forward looking statements are subject to significant risks and uncertainties and other factors that could cause the a
--->ctual results to differ
materially from those discussed in the forward-looking statements, and even if such actual results are realized or sub
--->stantially realized, there
can be no assurance that they will have the expected consequences to, or effects on the Corporation. Factors that coul
--->d cause actual results
or events to differ materially from current expectations include, but are not limited to: the failure to acquire an in
--->terest in the Property, or the
right to earn an interest in the Property, on the terms currently proposed or at all; the failure to obtain any requir
--->ed regulatory or stock
exchange approvals and other factors. Any forward-looking statement speaks only as of the date on which it is made and
--->, except as may be
required by applicable securities laws, the Corporation disclaims any intent or obligation to update any forward-looki
--->ng statement, whether
as a result of new information, future events or results or otherwise. Although the Corporation believes that the assu
--->mptions inherent in the
forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and acc
--->ordingly undue
reliance should not be put on such statements due to the inherent uncertainty therein.