RTM:CC - RT Minerals Corp. Acquires Four Gold Properties in Northeastern Ontario

(TheNewswire)

Vancouver, B.C. – TheNewswire - October 27, 2022 – RT Minerals Corp.(TSXV:RTM) (OTC:RTMFF) (the “Company” or“RTM”) is pleased to announce the acquisition of four mineralproperties located in northeastern Ontario.

Highlights

• All properties are 100% owned and royalty-free, haveexcellent year-round all-weather road access and aredrill-ready;

• The Milligan property targets the southeast extensionof the volcanic stratigraphy hosting the Eastford Lake gold discoveryof 142.2 g/t Au over 3.0 m announced by Explor Resources in2009

• The Blakelock property targets a massive east-westtrending magnetic high intrusive complex that was drilled in1967;

• The McQuibban property targets a strong 3.0 km longeast-west trending inferred oxide facies banded iron formation, inwhich one historical drill hole encountered a gold mineralizedinterval of 5.47 g/t Au over 1.2m; and

• The Timmins property features several mineralized faultsystems that suggest close proximity to a base metal occurrence with0.45% Cu over 1m, 0.45% Pb over 1m, and 1.4% Zn over 1m as maximumvalues contained within a 41 m interval within a 120 m thick hostformation.

Douglas Andrews, the Company’s President and CEO,states: “We are excited toadd these four 100% owned and royalty free properties to ourportfolio. Historic drilling and exploration work completed byprevious operators has enabled the Company to amass extensivegeological data on the properties. Each property has identifiedanomalies and targets that are drill ready. We are pleased to addvalue for the Company’s shareholders through these strategicacquisitions and look forward to discussing our exploration plans inthe near future.”

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Figure 1: Location map of Milligan, Blakelock,McQuibban and Timmins properties.

MILLIGAN PROPERTY – Thisproperty contains sixteen claim blocks (approximately 129.5 hectares)and is located in Milligan Township approximately 75 km northeast ofTimmins, Ontario. These mineral claims cover the southeast on-strikeextension of the volcanic stratigraphy hosting the Eastford Lake golddiscovery of 142.2 grams per tonne gold (“g/t Au”) over 3.0 metres(“m”) announced by Explor Resources in 2009. The property containstwo holes, each with gold intercepts of up to 1.95 g/t Au; one holecontains 1.52 g/t Au over 1.2m and the other hole contains 1.85 g/t Auover 1.0m (MNDM Assessment File 20000000182, 2009).  The claims coverthe favourable projected belt of altered volcanics that correlate withlow magnetic signature. The low magnetic signature can be tracedacross the entire claim block for 3.0 km and the corridor remains openalong strike. Several deep undrilled magnetic low anomalies identifiedfrom past geophysical surveys within the corridor have been identifiedon the property (MNDM Assessment File 20000000182, 2009).

BLAKELOCK PROPERTY – Thisproperty contains nine claim blocks (approximately 72.8 hectares) andis located in Blakelock Township approximately 75 km northeast ofCochrane, Ontario.  The property is targeting a massive east-westtrending magnetic high intrusive complex that was drilled in 1967. Twodrill holes penetrated several 2.0 – 8.0m lenses of massivesulphides (pyrite, pyrrhotite and minor chalcopyrite) with no assayshaving been recorded (MNDM Assessment File 42H09SE0037, 1967). Futureplans include diamond drilling stronger magnetic anomalies within thecomplex and extensively assaying 50.0+ metres of historic core withreported massive sulphide intervals within highly alteredmetasediments.

MCQUIBBAN PROPERTY - Thisproperty containing nineteen claim blocks (approximately 153.8hectares) is located in McQuibban Township approximately 50 km northof Cochrane, Ontario.  Past drilling of two drill holes have beenreported on the property (MNDM Assessment File 20000003818, 2007). Theholes were targeting a strong 3.0 km long east-west trending inferredoxide facies banded iron formation. The strong magnetic signature ofthe iron formation transects the entire property. One of the drillholes intersected the iron formation and encountered a goldmineralized interval of 5.47 g/t Au over 1.2m.  Several strongermagnetic anomalies have been identified along the entire 3.0 km strikelength of the iron formation. Future diamond drilling is planned totarget the strongest magnetic responses in an attempt to extend andthicken the gold mineralization.

TIMMINS PROPERTY - This propertycontains sixteen claim blocks (approximately 129.5 hectares) and islocated in Timmins Township approximately 50 km southeast of Timmins,Ontario.  Several past drill programs were conducted on and adjacentto the property (MNDM Assessment File 42A07SE2004, 1998). Two drillholes encountered up to 150m thick intervals of intensely fracturedblack siltstone / argillite sedimentary sequences containing severalstrongly anomalous zones of disseminated and semi-massive base metalsulphides.  Copper (0.45%), lead (0.45%), and zinc (1.4%)mineralization is reported in veins, fault gouge and fracturefillings. Associated chert interbeds, matrix silicification andindications of hydrothermal alteration suggests close proximity to apotential base metal mineralizing source.  Additional geophysicalprograms are planned to trace out mineralized fault systems andargillite sequences for a distance of 1.5 – 2.0 km southeast alongstrike.  Several geophysical targets have been identified on theproperty and diamond drilling is planned to intercept potential basemetal mineralization.

RT Minerals owns 100% interest in all four of the aboveproperties. No royalties encumber the properties, and all haveexcellent year-round all-weather road access.

Qualified Person

The technical information contained in this newsrelease has been reviewed and approved by Mr. Garry Clark, P.Geo., a“Qualified Person” as defined in National Instrument 43-101 –Standards of Disclosure for Mineral Projects.

1 Goldmineralization on Explor Resources’ Eastford Lake property does notindicate similar mineralization is present on RTM’s Milliganproperty.

All references herein to past or historic drilling,core analysis and assay results, has been carried out by previousowners or operators. The past drill core intercepts and assay resultsare not known to be true widths at this time.

About RT Minerals Corp.

RT Minerals Corp. is a junior exploration companylisted on the TSX Venture Exchange under the symbol “RTM” and has60,044,654 common shares issued and outstanding. The Company holds anoption to acquire a 100% interest in the Link-Catharine RLDZ goldproperty comprised of fifteen unpatented single cell mining claims with a total area of 220 hectares in oneclaim block. The Link-Catharine property is located twenty-twokilometres south-southeast of the town of Kirkland Lake, Ontario.

For more information on the Company and its properties,please visit the Company’s website at www.rtmcorp.com .

FOR FURTHER INFORMATIONCONTACT:

Douglas J. Andrews, B.Sc., M.Sc.

President and Chief Executive Officer

Telephone: 403-200-6542

RT Minerals Corp.

Telephone: 604-681-3170
Fax: 604-681-3552

Neither the TSX Venture Exchange norits Regulation Service Provider (as the term is defined in thepolicies of the TSX Venture Exchange) accepts responsibility for theadequacy of accuracy of this news release.

Forward-Looking Statements

This news release contains certainforward-looking statements, which relate to future events or futureperformance and reflect management’s current expectations andassumptions. Such forward-looking statements reflect management’scurrent beliefs and are based on assumptions made by and informationcurrently available to the Company. Readers are cautioned that theseforward-looking statements are neither promises nor guarantees, andare subject to risks and uncertainties that may cause future resultsto differ materially from those expected including, but not limitedto, market conditions, availability of financing, actual results ofthe Company’s exploration and other activities, environmental risks,future metal prices, operating risks, accidents, labor issues, delaysin obtaining governmental approvals and permits, and other risks inthe mining industry.  All the forward-looking statements made in thisnews release are qualified by these cautionary statements and those inour continuous disclosure filings available on SEDAR at www.sedar.com.These forward-looking statements are made as of the date hereof andthe Company does not assume any obligation to update or revise them toreflect new events or circumstances save as required by applicablelaw.

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