Rupert Resources

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April 9, 2019 at 3:25 PM (CEST)|Park Hyatt Zürich

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SAFE HARBOR STATEMENT

Cautionary Note Regarding Forward-Looking Information
This document contains certain forward-looking statements  or “forward looking information” within the meaning of applicable securities laws, relating but not limited to Rupert Resource Ltd. (the “Company”)’s expectations, intentions, plans and  beliefs. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”,  “plan”, “intent”, “estimate”, “may” and “will” or similar words suggesting future outcomes or other expectations, beliefs, plans, objectives,  assumptions, intentions or statements about future events or performance. Forward-looking information may include: the Company’s outlook, reserve and resource  estimates, estimates of future production, unit costs, costs of capital projects and timing of commencement of operations, and is based on  current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from  any forward-looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery  of mined ore varying from estimates, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain  required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices,  delays in the development of projects and other factors. Forward-looking statements are subject to risks, uncertainties and other factors that  could cause actual results to differ materially from expected results.
Potential shareholders and prospective investors should be aware that these statements are subject to known and unknown risks,  uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements.  Investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward- looking information involves  numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions,  forecasts, projections and various future events will not occur. The Company undertakes no obligation to update publicly or otherwise  revise any forward-looking information whether as a result of new information, future events or other such factors which affect this  information, except as required by law.
This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company, including the Company’s financial statements and related MD&A for the year ended February 28, 2018 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.
April 2018 resource estimate for the Pahtavaara ProjectThe Mineral Resource estimate for the Pahtavaara Project is reported in accordance with National Instrument 43-101 (“NI 43-101”) and has been estimated using the Canadian Institute of Mining,  Metallurgy and Petroleum (“CIM”) “Estimation of Mineral Resources and Mineral Reserves best Practice Guidelines”. This mineral resource estimate was calculated using the multiple indicator kriging method (MIK) and is classified as Inferred as defined by the CIM. Numbers are affected by rounding. A cut-off of 1.5g/t Au was selected for the reported estimate based on historical breakeven operating costs, recoveries of 85% and a gold price of EUR950/oz. See the technical report entitled “NI 43-101 Technical Report: Pahtavaara Project Finland” with an effective date of April 16, 2018, prepared by Brian Wolfe, Principal Consultant, International Resource Solutions Pty Ltd, an independent qualified person under National Instrument 43-101 –

Standards of Disclosure for Mineral Projects (“NI 43-101”).
November 2018 resource estimate for the Hirsikangas Gold ProjectThe Mineral Resource estimate for the Hirsikangas Gold Project is reported in accordance with National Instrument 43-101 and has been estimated using the Canadian Institute of Mining,  Metallurgy and Petroleum (“CIM”) “Estimation of Mineral Resources and Mineral Reserves best Practice Guidelines”. This mineral resource estimate was calculated using MIK and is classified as Inferred as defined by the CIM. Numbers are affected by rounding. A cut-off of 0.5g/t Au was selected for the reported estimate based on an optimised pit shell, including recoveries of 92% and a gold price of EUR1200/oz. See the technical report entitled “NI 43-101 Technical Report: Hirsikangas Gold Project Finland” with an effective date of November 9, 2018, prepared by Brian Wolfe, Principal Consultant, International Resource Solutions Pty Ltd, an independent qualified person under NI 43-101 – Standards of Disclosure for Mineral Projects.
November 2018 resource estimate for the Osikonmäki Gold ProjectThe Mineral Resource estimate for the Osikonmäki Gold Project is reported in accordance with NI 43-101 and has been estimated using the CIM “Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines”. This mineral resource estimate was calculated using MIK and is classified as Inferred as defined by the CIM. Numbers are affected by rounding. A cutoff of 1.5g/t Au was selected for the reported estimate based on historical breakeven operating costs for other underground gold mines in Finland. Other assumptions are based on the potential for combined open pit and underground extraction, recoveries of 85-90% and a gold price of EUR1200/oz. See the technical report entitled “NI 43-101 Technical Report: Osikonmäki Gold Project Finland” with an effective date of November 9, 2018, prepared by Brian Wolfe, Principal Consultant, International Resource Solutions Pty Ltd, an independent qualified person under NI 43-101 – Standards of Disclosure for Mineral Projects.

Cautionary Note to U.S. Investors Concerning Resource Estimate
The resource estimates in this document were prepared in accordance with NI 43-101, adopted by the Canadian Securities  Administrators. The requirements of NI 43-101 differ significantly from the requirements of the United States Securities and  Exchange Commission (the “SEC”). We use the terms “measured”, “indicated” and “inferred” resources. Although these  terms are recognized and required in Canada, the SEC does not recognize them. The SEC permits U.S. mining companies, in their filings with  the SEC, to disclose only those mineral deposits that constitute “reserves”. Under United States standards, mineralization may not be  classified as a reserve unless the determination has been made that the mineralization could be economically and legally extracted at the  time the determination is made. United States investors should not assume that all or any portion of a measured or indicated resource will  ever be converted into “reserves”. Further, “inferred resources” have a great amount of uncertainty as to their existence and whether they  can be mined economically or legally, and United States investors should not assume that “inferred resources” exist or can be legally or economically mined, or that they will ever be upgraded to a higher category.

Review by Qualified Person
Mike Sutton, a qualified person under NI 43-101 has reviewed and approved the scientific and technical information in this presentation.

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