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News Release


Vancouver, B.C. – December 19, 2019 ‐ RT Minerals Corp. (TSX.V: RTM) (OTC Pink: RTMFD) (the “Company”) announces that, further to its news release of October 8, 2019, the Company has closed a non-brokered private placement (the “Offering”) to raise gross proceeds of $135,030 through the sale of 4,501,000 units priced at $0.03 (the “Units”). Each Unit consists of one common share and one half of a share purchase warrant, with each whole warrant exercisable into one further common share at a price of $0.05 for a term of one year. All securities issued in the Offering are subject to a four month hold period expiring April 20, 2020. No finder’s fees were paid.

The proceeds from the Offering will be used to pay $48,700 in related party salaries, expenses and loans, $22,500 for the cash payment of the Company’s option on the Norwalk gold property in Wawa, Ontario, and $63,830 for trade payables and working capital.

Donald M. Clark, the Chairman, President, CEO and a director of the Company, subscribed for a total of 2,907,300 Units in the Offering. Mr. Clark is considered a “related party” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the Offering is therefore considered to be a “related party transaction” within the meaning of MI 61-101. The Offering, however, is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in section 5.5(b) as the Company’s shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in section 5.7(b) of MI 61-101 in that the fair market value of the consideration of the units issued to the related party did not exceed $2,500,000.

Norwalk Property Option Payment

Further to the Company’s news releases of October 3, 2019 and October 8, 2019 and the bulletin dated October 5, 2016, the Company has completed an option payment of $22,500 cash and the issuance of 400,000 common shares to the vendors of the Norwalk gold property. The final option payment of $22,500 to earn 100% interest in the property, subject to a 2% net smelter return royalty, is due on or before March 31, 2020.

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


Donald M. Clark
Chairman, President and Chief Executive Officer
RT Minerals Corp.
Telephone: 604-681-3170
Fax: 604-681-3552


Neither the TSX Venture Exchange nor its Regulation Service Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of accuracy of this news release.


The Canadian National Stock Exchange has neither approved nor disapproved of the information contained herein.

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