Rupert Resources Revises Previously Announced Non-Brokered Private Placement

TORONTO, ONTARIO--(Marketwired - Dec 9, 2014) - Further to its news release dated November 21, 2014, Rupert Resources Ltd. ("Rupert" or "the Company") (TSX VENTURE:RUP) announces that it has revised the terms of its previously announced financing to include a full warrant. The Company intends to complete a non-brokered private placement of up to 2,500,000 Units of the Company at a price of $0.06 per Unit for gross proceeds of up to $150,000 (the "Private Placement"). Each Unit of the Company will consist of one common share in the capital of the Company and one common share purchase warrant (a "Warrant"). Each Warrant shall entitle the holder thereof to acquire one common share at a price of $0.075 until 5:00 p.m. E.T. on the date which is 12 months following the closing of the Private Placement.

The Private Placement is subject to the approval of the TSX Venture Exchange. The securities will be subject to a four-month hold period, in accordance with applicable securities laws.

The Company intends to use the proceeds from the Private Placement for general and administrative purposes.

The Company may pay a commission or finder's fee to eligible parties in connection with the Private Placement, subject to compliance with applicable securities laws.

ON BEHALF OF THE BOARD

M. Kostuik, President and CEO

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 news release

Cautionary Note Regarding Forward Looking Statements

This Press Release contains statements which constitute "forward-looking statements", including statements regarding the plans, intentions, beliefs and current expectations of the Company with respect to the future business activities and operating performance of the Company. The words "may", "would", "could", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" and similar expressions, as they relate to the Company, are intended to identify such forward-looking statements. Investors are cautioned that forward-looking statements are based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made, and are inherently subject to a variety of risks and uncertainties and other known and unknown factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. These factors include the general risks of the mining industry, as well as those risk factors discussed or referred to in the Company's annual Management's Discussion and Analysis and Annual Information Form for the year ended October 30, 2013 available at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.