N@N

RPT Resources Ltd.: RPT Retains MetaLeach as Consultant

^{Published on 2009-08-27 10:09:14, Last Modified on 2009-08-27 10:09:16 - Market Wire}
 

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 27, 2009) - RPT Resources Ltd. (TSX VENTURE:RPT) (the "Company") announces that it has entered into a consulting agreement (the "Consulting Agreement") with MetaLeach Limited (the "Consultant") for the provision of technical advisory services, property identification services and for access to mineral processing technology. The Consulting Agreement is for an initial term of one year. The Consultant is a wholly owned subsidiary of Alexander Mining plc, a public company quoted on the AIM, engaged in both mining and mineral processing technology.

Under the Consulting Agreement, the Consultant will provide technical advisory services relating to certain proprietary and non-proprietary mineral processing technologies. Additionally, the Consultant will identify and inform the Company of potential mineral properties which may be suitable for application of the mineral processing technology. In the event that a property identified by the Consultant is put into commercial production by the Company using the Consultant's mineral processing technology, the Company will become entitled to a licence to the technology. The Consultant will be entitled to a 20% share of the Company's interest in the property and if third parties have an interest in the selected property, the licence will contain royalty obligations reflecting the extent of the third party interests.

The Consultant will receive US$300,000 in the initial year of the Consulting Agreement. The Consultant and the Company are at arms length. No securities of the Company are being issued in connection with the engagement of the Consultant. The engagement is an exempt transaction under TSX-V policy.

Marshall Bertram, director for RPT Resources Ltd., is the qualified person responsible for this release.

Marshall 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 [ www.sedar.com ] for further information.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.