DEVELOPING A PIPELINE OF HIGH QUALITY ASSETS IN LOW RISK JURISDICTIONS

March 2018TSXV : RUP

CAUTIONARY STATEMENT

Cautionary Note Regarding Forward-Looking InformationThis document contains certain forward-looking statements or “forward looking information” within the meaning of applicable securities laws, relating but not limited to Rupert Resource Ltd. (“The Company”)’s expectations, intentions, plans and beliefs. Forward-looking information can often be identified by forward-looking words such as “anticipate”, “believe”, “expect”, “goal”, “plan”, “intent”, “estimate”, “may” and “will” or similar words suggesting future outcomes or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information may include reserve and resource estimates, estimates of future production, unit costs, costs of capital projects and timing of commencement of operations, and is based on current expectations that involve a number of business risks and uncertainties. Factors that could cause actual results to differ materially from any forward-looking statement include, but are not limited to, failure to establish estimated resources and reserves, the grade and recovery of mined ore varying from estimates, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.

Potential shareholders and prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law.

This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by the Company, including the Company’s financial statements and related MD&A for the year ended February 28, 2017 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.

Cautionary Note to U.S. Investors Concerning Resource EstimateThe resource estimates in this document were prepared in accordance with National Instrument 43-101, adopted by the Canadian Securities Administrators. The requirements of National Instrument 43-101 differ significantly from the requirements of the United States Securities and Exchange Commission (the “SEC”). We use the terms “measured”, “indicated” and “inferred” resources. Although these terms are recognized and required in Canada, the SEC does not recognize them. The SEC permits U.S. mining companies, in their filings with the SEC, to disclose only those mineral deposits that constitute “reserves”. Under United States standards, mineralization may not be classified as a reserve unless the determination has been made that the mineralization could be economically and legally extracted at the time the determination is made. United States investors should not assume that all or any portion of a measured or indicated resource will ever be converted into “reserves”. Further, “inferred resources” have a great amount of uncertainty as to their existence and whether they can be mined economically or legally, and United States investors should not assume that “inferred resources” exist or can be legally or economically mined, or that they will ever be upgraded to a higher category.

2

COMPANY SUMMARY

CORNERSTONE ASSET IN THE CENTRAL LAPLAND GREENSTONE BELT

3

* As at 26 February 2018(1) Refer to page 1, forward looking “Cautionary Statement”.(2) Subject to completion of NARL transaction

Pahtavaara Project – Production potential

• Mine, 1500tpd mill and tailings dam (1)

• Historical production 350kozs despite poor understanding of geological controls

• New geological model and resource definition underway

CLGB regional exploration upside

• 225km2 land position in high profile CLGB

• 2017 fieldwork generated near-mine and regional targets

• Extensive data from GTK and previous owners

Central Finland exploration

• Two advanced stage assets in Central Finland(2)

• 1,600m drill program planned in H1 2018

Strategic Land holding in Red Lake

• 256Ha licence contiguous to Goldcorp over eastern extension of Cochenour-Dickinson deformation zone

Capital Structure (as at 30 November 2017 unless

stated otherwise)

Shares on Issue 101,114,992

Options & Warrants 6,542,777

Fully Diluted Shares 117,843,149

Market Capitalisation (at CAD1.05/shr)*

CAD106mln

Cash CAD5mln

Convertible (5% Coupon Ex C$0.95)

CAD8mln

Ticker TSXV : RUP

ISIN CA78165J1057

COMMITTED TO DELIVERING EXCEPTIONAL SHAREHOLDER RETURNS

4

2016 – Acquisition

• Bottom of cycle, low cost acquisition

• Early mover advantage in Finland (ranked #1 by Fraser Institute in 2017(1) )

• Near term production potential

2017 and 2018 – Exploration and project development

• Building the in-mine resource base (2)

• Identifying near mine satellite targets

• Establishing management team and corporate structure

• Expand asset portfolio

(1) Survey ranking 91 jurisdictions around the world based on geologic attractiveness for minerals and metals and the extent to which government policies encourage or deterexploration and investment (via the its policy perception index or PPI).

(2) See Company’s press release dated September 8, 2016 for historical resources and reserves details disclosed in a NI 43-101 report prepared for the previous propertyowners and effective January 1, 2013. A qualified person has not done sufficient work to classify these historical estimates as current mineral resources or mineral reserves andthe Company is not treating the historical estimate as current mineral resources or mineral reserves.

UNLOCKING THE POTENTIAL OF OUR ASSETS

Guiding principles – Continuous focus on value creation and returns

• Realise hidden value

• Ensure investment is accretive to valuation

• Maximise returns per share over all other metrics

12 MONTH PROGRESS REPORT

ESTABLISHING PAHTAVAARA AND DEMONSTRATING REGIONAL POTENTIAL

5

Resource development

• 300,000m of historic diamond drilling validated and in acQuire database

• New geological model has identified number of significant new zones in old workings

• Updated NI 43-101 resource expected by end of June 2018

Regional exploration

• 2017 fieldwork identified a number of new regional targets

• Geophysics, geochemistry and mapping have all confirmed prospectivity

• Drill testing has confirmed compelling base metals potential

Mine development

• Mine infrastructure remediation

• New U/G pumping system operating to enable drilling at depth

• Audit of processing facility and tailings facility has been completed

Corporate

• Management team now in place

• Enhanced financial reporting and control implemented across the company

• Acquisition of Northern Aspect assets in Central Finland nearing completion

ACQUISITION OF NORTHERN ASPECT RESOURCES LTD

6

Royalties on Osikonmaki (1%) and Gold Centre (1.5%)

Newco Parent / Rupert Resources Ltd

Rupert Finland Oy

Pahtavaara Project

Hirvilanma Project

Northern Aspect Resources Ltd

Northern Aspect Oy

Hirsikangas Project

BRGold Oy

Osikonmaki Project

Gold Centre Project, Red Lake

Surf Inlet Project, BC

• Low cost acquisition of around EUR6/resource oz with expansion potential and drill ready targets

• Experienced team of geologists delivering capital efficient exploration program

100% OWNERSHIP IN LOW RISK, MINING FRIENDLY JURISDICTIONS

MINING IN FINLAND

NEW GENERATION OF LARGER PROJECTS BEING DEVELOPED IN LAPLAND

7

1 2

3

4

5

6

12

13

14

15

Gold mines1. Kittila (Agnico Eagle)2. Pahtavaara (Rupert)3. Laiva (Nordic Mines)4. Pampalo (Endomines)5. Orivesi (Dragon Mining)6. Jokisivu (Dragon Mining)

Significant gold projects7. Aamurusko (Aurion)8. Kutuvuoma (B2 / Aurion)9. Rompas (Mawson)10. Hirsikangas (Rupert*)11. Osikonmaki (Rupert*+)

Polymetallic (Ni, Cu, PGM)12. Kevitsa mine (Boliden)13. Sakatti Project (Anglo American)

Copper mines14. Pyhasalmi (First Quantum)15. Kylylahti (Boliden)

78

9

10

11

Commercial gold mining is new in Finland

• State owned mining company Outokumpu previously focussed on base metals

• No foreign investment prior to mid-1990s

• Limited funding from Nordic financial markets

• Only 30 years gold exploration on Central Lapland (>100 in Abitibi, Norseman Wiluna)

• 8Moz Kittila mine commenced production in 2009

Finnish mines often operate with low grade ores

• Low power costs (US$0.075/kwh)

• Technologically advanced

• High productivities and well educated workforce

• Large volume but often no focus on grade

*Subject to completion of acquisition announced on 15 January 2018+ Claim under application and subject to review by Tukes

NEW GOLD MINING DISTRICT EMERGING IN LAPLAND

8

Activity highlights sourced from company information

Pahtavaara Mine(Rupert Resources)• Resource expected H1 2018• 350 koz produced previously• 1400tpd mine and mill on care and maintenance

Kevitsa Mine (Boliden)Bought from FQM for USD712mln• EUR80m mill expansion

Kittila Mine (Agnico Eagle)• Production of 200koz/a• 8Moz resource• $200m expansion to >250koz/a

Sakatti Project (Anglo American)• Resource of 44Mt @ 5% Cu eqInc 4Mt@11%Cu eq.• Commencing PFS

Kutuvuoma Project(Aurion Resources / B2) • USD15million JV • Ex- Pahtavaara satellite pit

Aamurusko Project(Aurion Resources)• Multiple high grade boulders• CAD15mln investment by Kinross in Top Co.

Outa Project(Aurion / Kinross) • Kinross LOI to acquire up to 70%

Hirvilavamaa Project (Rupert Resources)• 5g / 28m Au drilled by GTK

THE PAHTAVAARA PROJECT

ESTIMATED REPLACEMENT VALUE OF USD120MLN (1)

9

30,000m of UG developmentTailings pond1500tpd mill Open pit1 2 3 4

1

2

3 4

(1) Refer to page 1, forward looking “Cautionary Statement”.

FIRST WORLD INFRASTRUCTURE, LOW HISTORIC OPERATING COSTS

REAPPRAISAL OF EXISTING DRILL DATA

10

Past 20 years of ownership

• 300,000m of previous drilling

• Fragmented database

• No geological model & Minimal grade control

• But still managed to produce 350koz

Rupert initiatives

• Database upgrade and validation

• Industry experts complimenting in-house work

• Developing lithological and structural models

• Base metal sulphide mineralisation identified

System appears to have scale

• 1400m strike x 400m width x 450m depth

• Remains unconstrained

Resource Update

• Planned for release in June Quarter

PREVIOUS WORK COULD HAVE UNDERESTIMATED SCALE OF PAHTAVAARA

PLAN VIEW OF NEW RESOURCE MODEL

NEW DRILLING AND REINTERPRETATION EXPANDING MINERALISED ZONES

LONG SECTION – MINERALIZATION POTENTIAL

12

POTENTIAL TO INCREASE YIELD ABOVE HISTORICAL 1000OZ/VM

MINERALISATION AT DEPTH, IN WORKINGS AND ALONG STRIKE

SAMURAI DEEPS

KAROLIINA WEST LANSI NFE SAMURAIDBHARPOONKAROLIINA EAST

GEOLOGICAL HISTORY OF PAHTAVAARA

13

AT LEAST TWO STAGES OF GOLD ENRICHMENT IDENTIFIED

GEOLOGICAL MODEL

A LOW SULPHIDATION STRUCTURALLY CONTROLLED DEPOSIT

Similar characteristics to major deposits in Abitibi, Canada and Yilgarn, Western Australia

• Polyphase quartz-carbonate veining, multiple deformation phases both brittle and ductile

• Intense alteration evolving over prolonged time period

• Early fine grained gold followed by later coarse grained

Free gold in drill core Examples of polyphase structures and veining in the deposit

UPDATED STRUCTURAL INTERPRETATION

Competent carbonate-silica -magnetite lithology that has been preferentially fractured

NEW UNDERSTANDING TO IMPROVE FUTURE DRILL TARGETING

CROSS SECTION OF NEW ZONES

16

NFE ZONE / SAMURAI DEEPS / T-ZONE / HARPOON

PLAN VIEW AT -40 LEVEL

17

UNMINED MINERALISATION CLOSE TO EXISTING INFRASTRUCTURE

PLAN VIEW AT -115 LEVEL

18

MAJOR UNDERGROUND SAMPLING PROGRAM UNDERWAY

NEAR MINE EXPLORATION TARGETS - GOLD

19

MICROPANNING OF 2017 SOIL SAMPLES HAS IDENTIFIED NEW ANOMALIES

Insert micropanning map.

• Panning has detected extensive fine grained gold in till

• Possibly related to a proximal source

• Up to 800 grains recorded (10x more than known mineralisation)

NEAR MINE EXPLORATION TARGETS – BASE METALS

20

PROMISING INITIAL RESULTS FROM 3,468M EXPLORATION CAMPAIGN

• Liikamaa target identified potential for disseminated and structurally controlled base metal sulphides.

• 2018 fieldwork program to follow-up

Drill core from hole dh 117130 Intersection 29m @ 0.2% Cu

REGIONAL EXPLORATION TARGETS

Historic data package

• GTK base of till sampling

• Airborne Geophysics

• 27km of IP geophysics

• Near mine ground mag

• 300km of diamond drilling

RUP exploration 2017

• 1012 ionic leach samples

• 172 geochem. samples

• 200+ rock samples

• UAV geophysics

RUP exploration 2018 – so far

• Gold Micro-panning

• Structural interpretation

UTILISING EXTENSIVE HISTORICAL DATA PACKAGE

21

GEOPHYSICS – UAV MAGNETICS SURVEY

22

UTILISING THE LATEST TECHNIQUES TO ACCELERATE EXPLORATION

Historic GTK airborne magnetics

• Rupert has partnered with a Finnish company to trial drone mounted geophysical surveys • Results are close in quality to ground magnetics and far improved over GTK airborne survey• Low cost – 10% heliborne mag survey, 50% ground mag• Data collection time is also significantly reduced achieving up to 200 line km per day

2018 UAV mounted magnetic survey

EXPLORATION POTENTIAL

23

REGIONAL GEOLOGICAL SETTING WITH POTENTIAL TO HOST MULTIPLE DEPOSITS

ABOUT NORTHERN ASPECT RESOURCES

24

Hirsikangas

• Palaeoproterozoic orogenic gold deposit on 30km of Ruhanperä crustal scale shear zone

• Only 1.2km of strike drilled at shallow levels, open down dip and along strike in both directions

• Claims & Reservations covering approx 300km2

• NI 43-101 resource - 3Mt @ 1.23g/t Au Indicated Resource (119koz) & 2.6Mt @ 1.27g/t Au Inferred (106koz)(1)

• Geophysical work and drilling suggest possible parallel mineralisation

• 2017 fieldwork program identified potential along strike mineralisation at Hanni target

Osikonmäki

• Intrusion related shear zone hosted gold deposit

• Located in the northwest trending crustal scale Ladoga-Bothnian deformation zone

• NI 43-101 resource of 1.3Mt @1.70 g/t Au Indicated (68koz) and 3.5Mt @ 2.09 g/t Au Inferred (244koz)(2)

• Geochem and boulder data suggest extensions to known drilled mineralisation.

• Geophysical work suggests further related shear zones on claims

(1) Per 2009 NI 43-101 published by GeoVista AB(2) Per 2011 NI 43-101 published by Golder Associates

TWO ADVANCED STAGE EXPLORATION ASSETS

HIRSIKANGAS, CENTRAL FINLAND

25

RESOURCE CONTAINED ON 1.2KM OF 32KM CRUSTAL SHEAR ZONE

Geophysical interpretation of regional shear zone

Previous owners license holdings

Northern Aspect extended claim area

Hannitarget

Hirsikangasdeposit

Regional setting

• Palaeoproterozoic orogenic gold deposit on 30km of Ruhanperä crustal scale shear zone

• Only 1.2km of strike drilled at shallow

levels, open down dip and along strike in

both directions

Current NI 43-101 resource • 3Mt @ 1.23g/t Au Indicated (119koz)

• 2.6Mt @ 1.27g/t Au Inferred (106koz)

Historical data and potential upside • Historical exploration activity includes

8000m of drilling, IP, and magnetic

• Geophysical work and drilling suggest

possible parallel mineralization

HIRSIKANGAS – GEOLOGICAL SETTING

26

POTENTIAL PARALLEL MINERALISATION & ALONG STRIKE EXTENSION

Airborne EM showing the extension of the host structure and anomalous boulders at Hanni target

Historical drill holes of known orebody and potential parallel structure

OSIKONMAKI, CENTRAL FINLAND

27

LOCATED ON CRUSTAL SCALE DEFORMATION ZONE

Regional setting

• Located in eastern central Finland, 40km south of Outokumpu

• Shear zone hosted gold deposit in the northwest trending crustal scale Ladoga-Bothnian deformation zone

• Deposit model is epigenetic intrusion related

• Primary mineralisation controlled by a shear zone oriented east-west, dipping approximately 45° to the south and plunging slightly to the east.

NI 43-101 resource (using 0.5g/t cut-off)

• 1.3Mt at a grade of 1.70 g/t Au Indicated (68koz)

• 3.5Mt at a grade of 2.09 g/t Au Inferred (244koz)• 7 claims, plus one 1 reservation that are valid

• 2 claims that are in application for renewal

OSIKONMAKI POTENTIAL UPSIDE

28

Historical data and potential upside

• >20,000M of historical drilling, IP & Magnetic Geophysics, base of till geochemical sampling

• Boulder data suggests extension at western edge of property

• IP Geophysics shows further potential to south of current drilling

GOLD CENTRE - RED LAKE, ONTARIO

29

STRATEGIC 256 HECTARE LAND POSITION IN THE 23MOZ RED LAKE GOLD CAMP

Rupert Resources has a portfolio of strategic licenses. The Gold Centre, Red Lake property is 100% owned, prior exploration has demonstrated the continuation of the Balmer formation.

Map sourced from Goldcorp

GOLD CENTRE STATUS AND STRATEGY

• Balmer mafic metavolcanics identified in drill core and on surface

• Discovery of the Far East Zone by Goldcorp has provided further support that the southwest dipping Red Lake Mine trend potentially extends through the Gold Centre property at depth.

• 9 anomalous trends interpreted from 2013 IP survey

• Follow up work could include: drilling and further IP surveys

30

POTENTIAL TO JOINT VENTURE TO ACCELERATE DEVELOPMENT

OUTLOOK

REALISING THE POTENTIAL OF OUR ASSETS

31

Pahtavaara

• Updated resource for Pahtavaara (end June 2018)

• New drilling based on revised geological model in mine areas

• Economic study on known resources with a leading engineering firm

• Licence wide exploration programs aiming to identify the next Pahtavaara

Central Finland

• Complete NARL transaction and integrate exploration activities

• Community engagement at both assets

• Commence initial 1,400m drilling program on Hirsikangas property

• Plan extensive fieldwork program to explore 30km Ruhanperä shear zone

Corporate

• Explore opportunities with potential strategic partners for properties in Canada and Finland

• Engage analyst community and host visits with peer group

• Broaden investor base and increase trading liquidity

32

APPENDIX

LEADERSHIP

33

Brian Hinchcliffe - Executive ChairmanBrian was co-founder of Kirkland Lake Gold and Rambler Metals and Mining, producing mines in Ontario and Newfoundland respectively. Prior to this Brian co-founded several successful mining ventures in the Americas.

Jeffery Karoly – Chief Financial OfficerJeffrey is a Chartered Accountant with a degree in Geology from the University of Bristol. He has worked in the mining sector for over 20 years including 11 years in corporate finance roles with Anglo American on three continents. Since 2008 he has been Chief Financial Officer of several listed junior resource companies listed on the TSX, ASX and AIM.

Michael Sutton - P. Geo., Non-Executive DirectorMike is a geologist who has worked in some of the most prolific producing Canadian gold camps, including Timmins and Kirkland Lake. Mike has been awarded Prospector of the Year by the Ontario Prospectors Association and credited with the discovery of the South Mine Complex at Kirkland Lake.

Jari Ylinen - Senior Geologist, PahtavaaraJari joined Rupert Resources in June 2016 and has over 10 years experience in exploration and mining. He worked previously as Senior Geologist at First Quantum Minerals Ltd.

EXPERIENCED MANAGEMENT TEAM LEADING THE COMPANY

James Withall - Chief Executive OfficerJames has over 20 years’ experience in mining. He was previously a Managing Partner and Fund Manager at Baker Steel Capital Managers responsible for their gold equities fund. James worked for more than seven years as a geologist, working in Western Australia for number of mining companies in exploration, project and mine geologist roles.

Thomas Credland – Head of Corporate DevelopmentA geologist with over 15 years experience in mining, Thomas began his career as a geologist in Western Australia before returning to the United Kingdom to work in financial markets. Thomas contributed to the identification and acquisition of the Pahtavaara mine by Rupert.

Jukka Nieminen – MD Rupert Finland Oy Jukka was instrumental in the acquisition of the PahtavaaraProject for the Company and is a geologist with over 20 years of experience in the mining industry. He started his career in Western Australia before returning to Finland to work as a mine geologist at the Pahtavaara and the Orivesi Gold mines.

Riikka Taipale - Senior Geologist, Central FinlandRiikka has 20 years of experience in field geology and exploration projects. Prior to joining Northern Aspect, Riikka worked for Outokumpu Oy, Geological Survey of Finland, Northland Resources, and Belvedere Resources.

SIGNIFICANT RESULTS FROM DRILLING

34

Karoliina

• Western extension of deposit, mineralisation close to existing infrastructure

• Intersections include: 116005 - 32g/t over 5m, 117315 - 23g/t over 9m, 117331 10.3g/t over 3m & 19.9g/t over 3m

NFE

• New high grade zone <200m from existing underground infrastructure.

• Intersections include: 116011 - 432g/t over 1m and 245g/t over 1m

Harpoon

• 20m from existing infrastructure with possible open pit pushback on near surface projection

• Intersections include: 116231 - 6.9g/t over 12m, 116232 - 34.3g/t over 2.75m, 116234 - 4.8g/t over 11.6m

Lansi

• Unmined sulphide zone with open pit potential and extension to depth

• Intersections include: 112806 – 7.7g/t Au; 218 g/t Ag; 6.7% Cu; 0.7% Ni over 6m

Note drill intersections are uncut and are g/t Au over core length (not true width) unless stated otherwise, see SEDAR for full drill results

1m @ 9.41g/t Au

1m @ 2.63g/t Au

1m @ 18.95g/t Au

Karoliina Zone – DDH 117331

A FULLY ESTABLISHED MINING PROJECT

500ktpa Processing Plant and Tailings Facility

• Plant has historically produced over 350koz

• Free milling ore with 80 to 90% recoveries (1)

• Reagent costs minimal, given use of physical processing (spirals, shaking tables, flash flotation)

• Low cost grid hydro power

• Environmentally uncomplicated tailings (no cyanide)

Fully Established Underground Mine

• 30km of 5m x 5m development

• Mechanised long hole mining method used

• Good ground conditions

• Mining contractor has prepared for future operation

• Dewatering upgrade underway

(1) Refer to page 1, forward looking “Cautionary Statement”.

35

36

CONTACT DETAILS

James Withall – Chief Executive OfficerEmail - jwithall@rupertresources.com

Thomas Credland – Head of Corporate Development Email - tcredland@rupertresources.com

Address82 Richmond Street EastSuite 203, Toronto,Ontario M5C 1P1

Websitewww.rupertresources.com