Resource Capital Gold Announces Non-Brokered Financing for up to $4 Million

VANCOUVER, BC--(Marketwired - June 26, 2017) -

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RESOURCE CAPITAL GOLD CORP. (TSX VENTURE: RCG) ("RCG" or the "Company") announces it is undertaking a non-brokered private placement for an aggregate of up to $4,000,010 of securities of RCG (the "Offering"), comprised of 2,857,200 common shares of the Company (the "Common Shares") at an issue price of $0.175 per Common Share and 17,500,000 flow-through shares at a price of $0.20 per flow-through share (the "FT Shares").

The gross proceeds from the sale of the FT Shares will be used to fund work on the Company's properties as qualifying Canadian Exploration Expenses as defined in subsection 127(9) of the Income Tax Act (Canada) which will be renounced to the subscribers with an effective date of December 31, 2017.

The net proceeds from the sale of the Common Shares will be used for advancing the Company's projects, working capital and general corporate purposes.

It is anticipated that the private placement will close the week of July 10, 2017, and is subject to the completion of formal documentation, receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange, and other customary conditions.

Finder's fees may be payable on all or a portion of the Offering, and will consist of a cash fee of up to 6.0% of the gross proceeds received from the sale of the Common Shares and FT Shares and that number of non-transferrable share purchase warrants (the "Finders' Warrants") equal to 6.0% of the Common Shares and FT Shares placed by the finder, each Finder Warrant entitling the holder to subscribe for one common share for 24 months from the closing date of the Offering at $0.175.

All of the securities sold pursuant to the Offering will be subject to a four month hold period which will expire four months and one day after the date of closing, and it is expected will not participate in the receipt of the third-party share dividend to be received by the other RCG shareholders in connection with the transaction involving the transfer of the Corcoran project previously announced by the Company.

About Resource Capital Gold and the Dufferin Project

Resource Capital Gold Corp. is developing the high-grade Dufferin Gold Mine and mill in Nova Scotia, with initial gold production from test milling achieved in March 2017. The Dufferin project covers 1,684 hectares in 104 mineral claims which contain more than 14 east-west trending "saddle reef" quartz vein gold-bearing structures, each with free-milling gold. The stacked gold reefs are open at depth and extend along trend for over 4.7 kilometers.