Rizal Announces Private Placement of Convertible Promissory Notes - Seite 2

The Company has engaged Azure Capital Limited ("Azure") to act as corporate adviser in relation to the Private Placement and to investigate opportunities to recapitalise the Company in the near-term. Agency fees of ~5% of the gross proceeds of the Private Placement will be paid to agents in order to complete the Private Placement.

On Behalf of the Board,

Peter Main
President and CEO
[e-mail]
Ph: [phone]

For further information visit our website at www.Rizalresources.com; email us at [e-mail]

Phone: [phone] Fax: [phone]

Caution Regarding Forward Looking Statements

This news release contains certain "forward-looking statements". All statements, other than statements of historical fact that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future are forward looking statements, including statements regarding the completion of the Private Placement, the issuance of the Notes and the receipt of TSX-V approval for the Private Placement. These forward-looking statements reflect the current expectations or beliefs of the Company based on information currently available to the Company.

Forward looking statements are subject to significant risks and uncertainties and other factors that could cause the actual results to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on the Company. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: the failure to obtain any required regulatory or stock exchange approvals, risk factors identified by the Company in its continuous disclosure filings filed from time to time on SEDAR, and other factors. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

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

Peter Main
President and CEO
[e-mail]
Ph: [phone]