RNC Announces Completion of Qiqavik Summer 2017 Gold Exploration Program

TORONTO, Sept. 26, 2017

TORONTO, Sept. 26, 2017 /CNW/ - RNC Minerals' ("RNC") (TSX: RNX) 67% owned subsidiary, True North Nickel ("TNN"), is pleased to provide an update regarding the 2017 gold exploration program at its high-grade gold Qiqavik Project. Along with Qiqavik, TNN's other highly prospective exploration properties, West Raglan and the Carolina Gold Belt properties, are on track to be spun-out in October 2017 (the "Spin-Out") into a separately listed TSX-V issuer to be named Orford Mining Corporation (trading under the ticker symbol "ORM").

RNC also announces, jointly with Focused Capital Corp. ("Focused"), that a meeting of Focused common shareholders has been scheduled for 10:00 a.m. (Toronto time) on October 20, 2017 to, among other things, consider and vote on the Spin-Out transaction. Focused has mailed a notice of meeting, management information circular and form of proxy in connection with, among other things, the Spin-Out transaction and related change of its name to Orford Mining Corporation. Focused has also filed technical reports on the Qiqavik and West Raglan projects under its SEDAR profile. The technical reports will also be filed under RNC's SEDAR profile.

Mark Selby, President and CEO, commented, "I am pleased that the planned spin-out of RNC's exploration assets held by TNN is expected to be completed next month. I am anticipating the assay results from drilling completed during the Summer Qiqavik exploration program. Visible gold in quartz veins was observed in one of the drill holes at the Aurora target and a new sulphide mineralized shear zone discovered at surface in the Central Zone was shown by drilling to extend at depth. Assay results expected next month will confirm whether or not these structures contain significant gold mineralization."

Qiqavik 2017 Gold Exploration Program

True North Nickel has completed the 2017 field exploration program on the Qiqavik Property. This program consisted of diamond drilling of 2,723 metres in 23 holes (Table 1), 721 line-kilometres of airborne (drone) magnetic surveying and 105.6 line-kilometres of Abitibi Geophysics ground OreVision^TM IP surveying, prospecting, mapping, surface rock sampling, and till sampling (Figure 1). This work led to better understanding of the occurrences discovered in 2016 (figure 2) and to the identification of many additional mineralized occurrences on the property, including two occurrences with visible gold.

Core samples from drilling and surface sampling in 2017 have been shipped to the analytical laboratory, but no assay data has yet been received. Assay results are expected to be received and published before the end of October 2017.