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Message: Rio Tinto begins drill testing potentialtargets on RPT's Dorion Block

Rio Tinto begins drill testing potentialtargets on RPT's Dorion Block

posted on Jan 27, 2010 08:54AM

Rio Tinto Begins Drill Testing Potential Mafic-Ultramafic Targets Located on RPT's Dorion Block-Thunder Bay District

Press Release Source: RPT Resources Ltd. On Wednesday January 27, 2010, 8:00 am

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 27, 2010) - RPT Resources Ltd. (TSX VENTURE:RPT - News; "RPT") announces that reconnaissance prospecting and traversing recently completed by Rio Tinto Exploration Canada Inc. ("RTEC") (formerly Kennecott Canada Exploration Inc.) on RPT's Dorion Block identified magnetic features that may represent mafic-ultramafic intrusions. A drill rig and geologists have mobilized onto the property and drill testing has begun.

On August 9, 2009, RPT signed a joint venture proposal with RTEC, whereby RTEC acquired the right to earn-in up to an 80% interest in RPT's 100%-owned Dorion Block by incurring a total of $10.2 million in expenditures and issuing staged payments totaling $350,000 on or before December 31, 2016.

Marshall R. Bertram, CFO and Director

This release includes certain statements that may be deemed to be "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration and development activities and events or developments that the Corporation expects, are forward-looking statements. Although management believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploration and development successes, continued availability of capital and financing, and general economic, market or business conditions. Please see our public filings at http://www.sedar.com/ for further information.

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.


Marshall Bertram
RPT Resources Ltd.
(604) 639-4455
[email protected]
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