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Rugby Appoints CFO and VP Corporate Development

VANCOUVER, B.C., Dec. 20, 2016 (GLOBE NEWSWIRE) -- Rugby Mining Limited (“Rugby” or the “Company”) (TSX-V:RUG) is pleased to announce that it has appointed Alejandro Adams as the Chief Financial Officer (“CFO”) of the Company and Jonathan Hermanson as the Vice President of Corporate Development.

Alejandro Adams has been appointed as the Company’s CFO replacing Jonathan Hermanson in this position. Alejandro has a degree in Public Accounting from the Escuela Bancaria y Comercial (EBC) in Mexico City and he is also a member of the Chartered Professional Accountants in Canada. Alejandro has 4 years of experience in the mineral exploration industry working as the Corporate Controller for Exeter Resource Corporation (“Exeter”) and Extorre Gold Mines Limited (“Extorre”).

Jonathan, having held the position of CFO for over 3 years will be moving into the new role of Vice President, Corporate Development. Jonathan has over 10 years of experience in the mineral exploration industry working with Rugby, Exeter and Extorre and has been with the Company since its founding in 2007.

Paul Joyce, the Company’s President and CEO stated, “We are very excited to make these changes within Rugby. Alejandro has the necessary qualifications and experience to be the CFO of the Company and he will be a great asset for us going forward in Colombia as a native Spanish speaker.

“We thank Jonathan for his services as CFO, and are excited to have him now working in a corporate development role for us as we continue to expand and develop our substantial property holdings in Colombia.”

About Rugby
Rugby is an emerging mineral resource company focused on a portfolio of projects with considerable potential for significant mineral discoveries. Rugby benefits from the experience of its directors and management, a team that has either been directly responsible for world-class mineral discoveries, or have been part of the management teams responsible for such discoveries.

/EIN News/ -- For additional information you are invited to visit the Rugby Mining Limited website at www.rugbymining.com

CAUTIONARY STATEMENT
Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the British Columbia, Alberta and Ontario Securities Acts. This includes statements concerning the Company’s plans at its projects including the expected approval of permits required for exploration, timing of drilling programs, prospectivity, high grade potential and potential for mineral discoveries and drilling costs which involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking information, including, without limitation, the effect on prices of major mineral commodities such as copper and gold by factors beyond the control of the Company; events which cannot be accurately predicted such as political and economic instability, terrorism, environmental factors and changes in government regulations and taxes; the shortage of personnel with the requisite knowledge and skills to design and execute exploration programs; difficulties in arranging contracts for drilling and other exploration services; the Company’s dependency on equity market financings to fund its exploration programs and maintain its mineral exploration properties in good standing; political risk that a government will change, interpret or enforce mineral tenure, environmental regulations, taxes or mineral royalties in a manner that could have an adverse effect on the Company’s assets or financial condition and impair its ability to advance its mineral exploration projects or raise further funds for exploration; risks associated with title to resource properties due to the difficulties of determining the validity of certain claims as well as the potential for problems arising from the interpretation of laws regarding ownership or exploration of mineral properties in Colombia and in the sometimes ambiguous conveyancing characteristic of many resource properties, currency risks associated with foreign operations, the timing of obtaining permits to conduct exploration activities, the ability to conclude agreements with local communities and other risks and uncertainties, including those described in each of the Company’s management discussion and analysis and those contained in its financial statements for the year ended February 29, 2016 filed with the Canadian Securities Administrators and available at www.sedar.com. In addition, forward-looking information is based on various assumptions including, without limitation, assumptions associated with exploration results and costs and the availability of materials and skilled labour. Should one or more of these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or otherwise.

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

Paul Joyce, President and CEO
Tel:  604.688.4941  Fax: 604.688.9532
Toll-free: 1.855.688.4941
Suite 1660, 999 West Hastings St.
Vancouver, BC Canada  V6C 2W2
info@rugbymining.com


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