Rapier Gold Inc. Closes First Tranche of Private Placement and Completes 922 line km Airborne Geophysics Survey

VANCOUVER, BRITISH COLUMBIA--(Marketwired - March 13, 2015) -

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Rapier Gold Inc. (TSX VENTURE:RPR) (the "Company") announces it has closed the first tranche of its non-brokered private placement (the "Offering").

The Company will issue 1,560,000 non-flow through units (the "NFT Units") for gross proceeds of $78,000. No finder's fees or compensation warrants are payable in respect of the private placement.

The Offering consists of NFT Units at a price of $0.05 per NFT Unit. Each NFT Unit consists of one common share and one non-transferable common share purchase warrant, which entitles the holder to purchase one common share at an exercise price of $0.10 for 24 months following completion of the Offering. The shares are subject to a statutory four month hold period expiring July 14, 2015.

The Company will use the net proceeds of the Offering for expenditures on the Company's Pen Gold Project, located 75 km south west of Timmins, Ontario, and for general working capital.

The Company retained Scott Hogg & Associates to complete a Heli-GT 3 axis magnetic gradiometer survey of the northern portion of the Pen Gold Project. The 922 line km survey was flown at an elevation of 30 m above the ground, in a north south line direction, at 100 and 75 m. line spacing. Flying of the survey was completed at the end of February, data will be available shortly. A preliminary review of the geophysical survey reveals sharp discontinuities that may be related to major faults; a more thorough interpretation awaits delivery of the final data.

The Company also announces the appointment of Angela Yap, as the Company's Chief Financial Officer, effective March 16, 2015. Ms. Yap is a Chartered Accountant and brings extensive experience with public companies in the mining and other industrial sectors to Rapier.

The Board would also like to thank Gordana Scekic, CGA, who has resigned as Chief Financial Officer. Ms. Scekic brought tremendous dedication and expertise to the position, and we wish her well in her future endeavors.

Pen Gold Project Summary

Current market conditions and financial constraints have resulted in the Company evaluating various options to advance the next stages of work including joint ventures and strategic alliances with senior mining companies.

ON BEHALF OF THE BOARD OF DIRECTORS

Roger Walsh, President & 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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. he securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, any person in the United States unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

Cautionary Note Regarding Forward-Looking Statements: Certain disclosure in this release constitutes forward-looking statements. In making the forward-looking statements in this release, the Company has applied certain factors and assumptions that are based on the Company's current beliefs as well as assumptions made by and information currently available to the Company, including that the Company is able to obtain any government or other regulatory approvals required to complete the private placement and Company's planned exploration activities, that the Company is able to complete the private placement, that the Company is able to procure personnel, equipment and supplies required for its exploration activities in sufficient quantities and on a timely basis and that actual results of exploration activities are consistent with management's expectations. Although the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements. Such risk factors include, among others, that the private placement will not be completed, that actual results of the Company's exploration activities will be different than those expected by management and that the Company will be unable to obtain or will experience delays in obtaining any required government approvals or be unable to procure required equipment and supplies in sufficient quantities and on a timely basis. Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.