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News Release

Friday, July 23, 2021: RT MINERALS CORP. ANNOUNCES RESIGNATION OF A DIRECTOR AND NOTES DISCLOSURE OF A SHAREHOLDER’S REQUISITION TO HOLD A SHAREHOLDERS MEETING

Vancouver, B.C. – July 23, 2021 – RT Minerals Corp. (TSXV: RTM) (OTC Pink: RTMFF) (the “Company” or “RTM”) has received the resignation of Mr. Ryan Kalt as a Director of the Company. In his resignation, Mr. Kalt cited certain events over the past week that has caused him to lose confidence in the corporate governance, management team and the board of the Company. The remaining long-serving board members disagree with Mr. Kalt’s interpretation of such events and are of the view that Mr. Kalt’s characterization of events masks his true intentions for the Company.


In addition, the Company acknowledges that a Shareholder Requisition for a General Meeting of the Shareholders of the Company (the “Requisition”) has been posted on Stockwatch.  The Company notes that the Requisition has not been delivered to the registered office of the Company, as required by the Business Corporations Act (British Columbia) (the “Act”).  The Company will consider the Requisition if it is delivered to the Company in compliance with the Act. The Company understands that Mr. Kalt seeks to requisition a meeting of shareholders to effect changes to the Board.  The Company cautions that Mr. Kalt, from whom the Company only recently acquired 100 sq km of mineral claims (the “Catherine Gold Property”) contiguous to the Company’s Link-Catharine RLDZ property, retains a royalty over the Catherine Gold Property and his interests and objectives do not necessarily align with the best interests of the Company and its shareholders. 


About RT Minerals Corp. 


RT Minerals Corp. is a junior exploration company listed on the TSX Venture Exchange under the symbol “RTM” and has 64,742,988 shares issued and outstanding. The Company holds an option to acquire a 100% interest in the Link-Catharine RLDZ gold property comprised of 220 hectares and holds a 100% interest in a contiguous holding of about 100 sq km of mineral claims in 6 townships starting about 20 km SSE of the Town of Kirkland Lake, Ontario. The Company also holds a 100% interest in the Norwalk gold property near Wawa, Ontario.


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


FOR FURTHER INFORMATION CONTACT:


Donald (Dan) 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.

 

Forward-Looking Statements

 

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company.  Readers are cautioned that these forward-looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not limited to, market conditions, availability of financing, actual results of the Company’s exploration and other activities, environmental risks, future metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining industry.  All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous disclosure filings available on SEDAR at www.sedar.com.  These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Disclaimer

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

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