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File: 2017-04-13 release Press Release -revised.DOCX






NEWS RELEASE                                                                                                          
--->  
Symbol: RZL: TSX-V

RIZAL CLOSES ON FIRST TRANCHE OF PRIVATE PLACEMENT OF CONVERTIBLE PROMISSORY NOTES  

April 13, 2017 - Vancouver, British Columbia - Rizal Resources Corporation (formerly Cadan Resources Corporation) ("Ri
--->zal" or the "Company") (TSX-V: RZL) is pleased to announce it has closed the first tranche of its previously announced
---> brokered private placement financing (the "Private Placement") of convertible promissory notes (the "Notes"), The Com
--->pany has closed on A$1.9 million of its proposed raise of up to A$3.0 million of Notes.

The Notes capitalise interest at a rate of 12% per annum and have a maturity date of December 31, 2017. The principal 
--->amount and interest of the Notes will be convertible into Common Shares of Rizal ("Common Shares") and warrants of Riz
--->al ("Warrants") to purchase Common Shares, as detailed in the release of December 23, 2016. The Private Placement has 
--->been conditionally approved by the TSX-V. The second tranche will be proceeding and is expected to close within 30 day
--->s under TSXV requirements.

The Company has engaged Azure Capital Limited to act as corporate adviser in relation to the Private Placement and to 
--->investigate opportunities to recapitalise the Company in the near-term. Agency fees of ~5% of the gross proceeds of th
--->e Private Placement will be paid to the agents.
On Behalf of the Board, 
Peter Main 
President and CEO
info@Rizalresources.com
Ph: +61 408 193325 

For further information visit our website at www.Rizalresources.com; email us at info@Rizalresources.com

Phone: 778-370-1372 Fax: 604-608-5442


Neither 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.