RNC Minerals Provides Beta Hunt Exploration Update

TORONTO, April 10, 2017

"Following the discovery of the high grade A Zone extension, which increased the known strike length by 500 metres to 1.7 kilometres, infill drilling results have increased our confidence that the southern-most extension of the A Zone has the potential to become an important production area in the near-term as it lies within 35 metres of existing infrastructure and is above the current development level of the Western Flanks decline. I am also pleased with infill drill results at the lower boundary of the A Zone area, which show the potential to expand the resource in this area." said Mark Selby, President and CEO of RNC.

Infill drilling highlights from the A Zone extension since RNC's news release dated January 18, 2017 include:

• WFE17-03 – 7.08 m at 8.28 g/t including 4.11 m at 11.00 g/t
• WFE17-04 -  4.00 m at 10.71 g/t including 2.15 m at 16.75 g/t
• WFE17-07 -  9.95 m at 3.07 g/t including 3.83 m at 4.02 g/t

See Table 1 for full assay highlights in the A Zone extension and Figures 1, 2, and 3 for location and proximity to existing development.

Additionally, further definition drilling to support the mine plan in the A Zone has returned strong results for both infilling and extending the known resource, including:

• AZ13-029 -  5.52 m at 6.51 g/t including 3.30 m at 7.59 g/t
• AZ13-027 – 11.85 m at 2.81 g/t including 2.40 m at 5.75 g/t
• AZ13-024 – 10.09 m at 2.82 g/t including 6.25 m at 3.74 g/t

See Table 2 for full assay highlights in the A Zone and Figures 1, 2, and 4 for location and proximity to existing development.

Beta Hunt A Zone Extension
Additional drill holes completed since RNC's news release dated January 18, 2017 highlight the continuity of gold mineralization in the southern extension of the A Zone (see Figure 1), where RNC previously announced the extension the strike length of 1.2 kilometres by a further 500 metres or more than 40%. The southern extension occurs directly below the previously mined contact-related historical Hunt nickel deposit (see Figure 3).