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INVESTOR CENTER

RATHDOWNEV CLOSES FIRST TRANCHE OF PRIVATE PLACEMENT

Rathdowney Resources Ltd. ("Rathdowney" or the "Company") (TSXV: RTH) announces that it has closed the first tranche of the unit ("Unit") private placement announced previously on June 23, 2016 consisting of 7.19 million Units issued as part of the Company's President's List for gross proceeds of $1.36 million. Each Unit consists of one common share in the capital of the Company (a "Share") and one warrant (a "Warrant"). Each Warrant entitles the holder to purchase one additional Share at a price of $0.24 for a period of two years from the date of closing.



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