Rapier Gold Inc. Completes Field Season and Stakes Additional Claims

VANCOUVER, British Columbia, Dec. 18, 2017 (GLOBE NEWSWIRE) — Rapier Gold Inc. (TSX-V:RPR) (the “Company”) is pleased to provide the following progress update from the 2017 exploration field program on the Pen Gold Project.

The 2017 exploration field season included an extensive program of mapping and prospecting. The objective was to enhance Rapier’s geological model and develop drill targets.

The program commenced in late May and concluded on October 14, 2017. A total of 561 person-days were spent in the field and 1,826 grab samples were taken. A LIDAR survey was flown over approximately 53 square kilometers. LIDAR imagery is used to locate outcrops and to plot field traverse locations. A list of the sampling results is provided in Appendix 1 and a map of sample locations and anomalous samples (60 samples > 50 ppb Au) is shown in Appendix 2.

All known anomalous samples on the project are shown in Appendix 3.

In addition to the field program, new claims were staked adding a total of 2,304 hectares to Rapier’s land holdings.  Appendix 4 shows the location of the new claims.

During the 2017 field season, the return of results from laboratory analysis of grab samples was subject to significant delays. As a result, planned follow-up activities including overburden stripping and preliminary drill targeting could not be completed.

All analyses are expected to be returned before year end. Data interpretation and future exploration planning will commence early in 2018.

Quality Assurance – Quality Control (“QA/QC”)

Industry best practices are followed on the project including the routine insertion of blank and standard samples in all grab samples. The samples are submitted directly to Actlabs in Timmins for preparation and analysis.  Gold analyses are conducted on 1 assay-ton aliquots, using fire assay methods with an atomic absorption finish up to 5 g/t Au and with a gravimetric finish above.

Gary Wong, P.Eng., Vice-President Exploration of the Company, a Qualified Person under the definition in National Instrument 43-101, has reviewed and approved the technical content of this release.

ON BEHALF OF THE BOARD OF DIRECTORS

David Lotan, Interim CEO

Contact:  Diana Mark

Phone:  604-569-0049
Email:   diana@rapiergold.com

Website: www.rapiergold.com

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:  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 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 actual results of the Company’s exploration activities will be different than those expected by management 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.

Appendix1
2017 Sampling Results
 

Sample
Easting Northing Au (g/t) Au (ppb) Occurrence Area
337267 422372 5333742 0.050 50 Iron Formation southwest of Karvinen
337281 421931 5333248 0.050 50 Iron formation southwest of Karvinen and west of East Branch of The Nat River
336637 417777 5334752 0.052 52 Northeast of Jehann Lake
340627 422869 5335691 0.055 55 North of Sabre, North of Penhorwood Road
340003 426821 5335621 0.058 58 Northeast of Broadsword
336656 422291 5334733 0.059 59 West of Karvinen
337212 423704 5336216 0.060 60 Claim 4207031
340657 422231 5335865 0.060 60 North of Sabre, North of Penhorwood Road
336508 424207 5335168 0.061 61 West of Broadsword
336679 422359 5334029 0.062 62 South of Karvinen
335015 421839.5 5335423 0.067 67 Hematized Porphyry
340048 426561 5335472 0.068 68 North of Broadword
337026 423738 5334897 0.069 69 East of Sabre
335014 421840 5335423 0.069 69 Hematized Porphyry
340678 420906 5334405 0.070 70 South of Bailey Bridge on Penhorwood Road
331139 416025.5 5333540 0.070 70 Southwest of Jehann lake
340151 428115.5 5335519 0.070 70 East of Broadsword
336580 424048 5334489 0.072 72 Stripped area southeast of Sabre
336506 424205 5335166 0.073 73 West of Broadsword
340028 426196 5335382 0.075 75 West of Broadsword
337239 422256 5335926 0.076 76 Claim 4207031; follow-up anomalous gold assay in 1477697
340155 428133 5335541 0.078 78 East of Broadsword
337097 425964 5335800 0.079 79 Iron Formation west of Pen Gold East
336687 422275 5333938 0.079 79 South of Karvinen
335026 421818 5335420 0.080 80 Hematized Porphyry
337109 425668 5335708 0.083 83 Iron Formation west of Pen Gold East
337179 425472 5335587 0.083 83 Northwest of Broadsword
337100 422517 5334459 0.088 88 karvinen #1
336704 426119 5335380 0.094 94 West of Broadsword
336518 423751 5334907 0.095 95 Sphalerite showing east of Sabre
336516 423753 5334916 0.102 102 Sphalerite showing east of Sabre
331226 414732 5332575 0.102 102 Southwest of Jehann lake
340625 424699 5336211 0.104 104 North of Sabre, North of Penhorwood Road
337088 426150 5335460 0.105 105 Northwest of Broadsword
337153 425514 5335712 0.108 108 Northwest of Broadsword
336719 422462 5334995 0.110 110 North of Karvinen
336582 424052 5334488 0.112 112 Stripped area southeast of Sabre
336511 424199 5335166 0.115 115 West of Broadsword
337028 423736 5334903 0.117 117 East of Sabre
337241 422256 5335927 0.134 134 Claim 4207031; follow-up anomalous gold assay in 1477697
336701 426164 5335400 0.144 144 West of Broadsword
337065 426597.4 5335566 0.146 146 North of Broadsword
337190 425469 5335586 0.147 147 Northwest of Broadsword
340074 427693.5 5335106 0.178 178 Southeast of Broadsword
336569 422415 5335001 0.207 207 Between Sabre and Karvinen
336623 422515 5334453 0.222 222 Karvinen #1
337211 423706 5336214 0.233 233 Claim 4207031
337269 422335 5333712 0.275 275 Iron Formation southwest of Karvinen
340007 426838 5335637 0.293 293 Northeast of Broadsword
336590 424039 5334429 0.325 325 Stripped area southeast of Sabre
335510 424516 5331593 0.334 334 Southwest of Hanrahan Lake
335540 424187 5331126 0.351 351 Southwest of Hanrahan Lake
336624 422519 5334451 0.410 410 Karvinen #1
337240 422256 5335926 0.454 454 Claim 4207031; follow-up anomalous gold assay in 1477697
340037 426105 5335399 0.458 458 West of Broadsword
335538 424125 5331097 0.690 690 Southwest of Hanrahan Lake
337218 423769 5336575 0.727 727 Claim 4207031
337242 422253 5335927 0.894 894 Claim 4207031; follow-up anomalous gold assay in 1477697
337128 426139 5335400 2.330 2330 West of Broadsword
340045 425975.5 5335393 24.900 > 5000 West of Broadsword

Appendix 2
2017 Rock Grab Sample Locations and Anomalies

http://www.globenewswire.com/NewsRoom/AttachmentNg/7cb6fcef-9817-48f5-bf11-8cff3220561b


Appendix 3
Rock Sample Anomalies – All Years

http://www.globenewswire.com/NewsRoom/AttachmentNg/7f3370a1-92b6-4696-9feb-861b4cb2f9a8


Appendix 4
New Claims

http://www.globenewswire.com/NewsRoom/AttachmentNg/a5c3f19b-932a-4c55-9873-eda4643bcd5a

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