VANCOUVER, Aug. 9, 2018 /CNW/ - Rathdowney Resources Ltd.
("Rathdowney" or the "Company") (TSX‐V: RTH) announces that the Company is proposing to extend the expiry date of a total of
7,190,000 outstanding share purchase warrants, all of which are exercisable at $0.24 per share
(collectively, the "Warrants"). The Warrants were issued on August 11, 2016 pursuant to a unit
private placement. The new expiry date of the Warrants will be February 11, 2019. The exercise
price of the Warrants will remain unchanged. The Warrant extension is subject to the approval of the TSX Venture Exchange.
About Rathdowney and Project Olza
Rathdowney Resources Ltd. is focused on advancing Project Olza through permitting and into production. Project Olza is located
in the Upper Silesian Mining District of southwestern Poland, a world-class region in size of
Mississippi Valley-type deposits with well-developed mining infrastructure. Easily accessible by paved roads, the Olza
project site is a one-hour drive from Krakow, a major city with full services, including an international airport. The
deposits at Olza are 25 km from the ZGH zinc smelter at Boleslaw. A railway line runs through the Olza project-area, linking it
to the ZGHB smelter and to ports on the Baltic Sea, with access to smelters in the rest of Europe.
Rathdowney is committed to responsible mineral exploration and development as presented through our local Project Olza
community team, which provide updates on activities and potential opportunities to local communities, and governments at all
levels.
On behalf of the Board of Directors
David Copeland
Chairman
Neither the 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.
This release includes certain statements that may be deemed "forward-looking statements". All statements in this release,
other than statements of historical facts, that address exploration drilling, exploitation activities and events or developments
that the Company expects, are forward looking statements. Although the Company 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. Assumptions used by the
Company to develop forward-looking statements include the following: the Olza project will obtain all required environmental and
other permits and all land use and other licenses, studies and development of the Olza project will continue to be positive, and
no geological or technical problems will occur. Factors that could cause actual results to differ materially from those in
forward-looking statements include market prices, exploitation and exploration successes, continuity of mineralization, potential
environmental issues and liabilities associated with exploration, development and mining activities, uncertainties related to the
ability to obtain necessary permits, licenses and title and delays due to third party opposition, changes in government policies
regarding mining and natural resource exploration and exploitation, continued availability of capital and financing, and general
economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future
performance and actual results or developments may differ materially from those projected in the forward-looking statements.
For more information on the Company, investors should review the Company's continuous disclosure filings that are available at
www.sedar.com.
SOURCE Rathdowney Resources Ltd.
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