About Rupert Resources

Rupert Resources Ltd. engages in the acquisition and exploration of mineral properties in Finland. Pahtavaara Gold Mine In 2016, the company exercised the option with the bankruptcy estate of Lappland Goldminers Oy to acquire the Pahtavaara gold mine, mill and exploration permits and concessions that represented a 124 sq.km land package in Finland in the Central Lapland Greenstone Belt. Northern Aspect Resources Ltd (NARL) In 2018, the company acquired all the issued and outstanding securities of NARL through the issue of shares of the company. The Osikonmaki and Hirsikangas mineral properties were acquired as part of the NARL transaction. These properties were in the exploration and evaluation stages at acquisition. Further to a strategic review during the year ended February 28, 2021, and an increased focus on Pahtavaara, the company elected to withdraw from the Osikonmaki project and the value was written down. Gold Centre Property During the year ended February 28, 2021, the company entered into an arm’s length, definitive agreement to joint venture the company’s Gold Centre property in Red Lake, Ontario with Trillium Gold Mines Ltd (Trillium). The company and Trillium would form an unincorporated joint venture with respect to the Gold Centre property. Trillium would have an 80% participating interest in the joint venture and Rupert would have a 20% carried Participating Interest.