RPR Rapier Gold

Rapier Gold Inc. (TSX VENTURE:RPR) (the "Company") is pleased to announce
significant results from the first nine diamond drill holes of its thirteen hole
program on the Pen Gold Project. The Pen Gold Project comprises 16,448 hectares
(approx. 160 sq km), 75 km southwest of Timmins, Ontario (Appendix 1) in close
proximity to the western extension of the Porcupine-Destor Deformation (Fault)
Zone, one of the most productive gold structures in the world. 


Roger Walsh, President and CEO, stated, "The initial drill results support the
geological concepts our team used to test the Pen Gold Project for potential to
host a significant sized gold deposit. The results demonstrate high grades,
multiple veins and complex structural elements very typical of deposits in the
Timmins Camp. A new carbonatized ultramafic volcanic (carb rock) hosted quartz
vein has been identified in the Talc Mine Area, which has not been drilled
previously, opening new possibilities of carb rock hosted zones. The current
summer mapping and prospecting program will assist in locating key structures
and alteration patterns, which may be used to target prospective drill areas for
a new drill program to commence in the fall."


Highlights from drill program observations: 



--  Multiple contact zones between volcanic, intrusive and sedimentary units
--  Distinct gold-bearing quartz veins which can be traced over distances of
    greater than one hundred meters 
--  Broad, intense carbonate alteration with an abundance of quartz veining 
--  Large, extensive structural elements and associated fluid systems



Drill intercepts:



-------------------------------------------------------------------------
DRILLHOLE             FROM            TO     Interval (m)(i)      Au (g/t)
-------------------------------------------------------------------------
PG13-105             74.00         75.00               1.00          2.83
-------------------------------------------------------------------------
PG13-106             80.30         81.55               1.25          4.16
-------------------------------------------------------------------------
 Includes            80.80         81.25               0.45         10.30
-------------------------------------------------------------------------
                     86.70         87.10               0.40          1.42
-------------------------------------------------------------------------
                    120.80        121.30               0.50          1.99
-------------------------------------------------------------------------
PG13-107            145.30        146.10               0.80          3.96
-------------------------------------------------------------------------
                    150.50        151.50               1.00          3.42
-------------------------------------------------------------------------
PG13-108             24.20         24.50               0.30         12.70
-------------------------------------------------------------------------
                     31.50         32.80               1.30          1.61
-------------------------------------------------------------------------
                     202.9        207.20               4.30         13.02
-------------------------------------------------------------------------
 Includes           203.30        203.70               0.40          37.6
-------------------------------------------------------------------------
                    205.20        205.50               0.30         123.0
-------------------------------------------------------------------------
                    206.15        206.60               0.45          7.22
-------------------------------------------------------------------------
PG13-109             28.50         28.80               0.30          2.07
-------------------------------------------------------------------------
(i) Measured as down hole core lengths and not true widths                  
-- Intercepts calculated based on an individual assay cutoff grade of 0.5 
g/t Au with the minimum grade of composited intervals being greater than   
1.0 g/t Au, no minimum widths using uncut assays. All reported assays are   
uncut.                                                                      



The majority of the drill holes in this program were focused on exploring the
potential of the Talc Mine Area, and the results are very encouraging. Notable
gold intercepts were drilled in numerous holes. As well as the Talc Mine Area,
anomalous assay results indicate more work is warranted on the Porphyry Hill and
Midway Areas (Appendix 2).


All sampling is now complete and the remainder of the results are pending from
the lab. Assay results from holes PG13-110 to PG13-113 are anticipated to be
ready for release in early July.


Summary of drill holes:

PG13-101 and PG13-102

These two holes tested a geochemical anomaly at the Porphyry Hill Area and a
structural target, under a swamp, at the Midway Area, respectively. Although no
significant assays were returned, geochemically anomalous values in both drill
holes indicate that more drilling is warranted. 


PG13-103 to PG13-106

PG13-103 to PG13-106 were drilled to follow up mineralization intersected in the
2008 and 2010 drilling by Rio Tinto in the Talc Mine area. Significant assays
were returned from carb rock and from sediments. PG13-104 and PG13-106 were
extended to test for new zones at depth, where they intersected an additional
zone of well altered, quartz vein rich carb rock (southern carb rock unit) to
the south of the original carb rock zone. Significant assay results were
returned from holes PG13-105 and PG13-106.


PG13-107

PG13-107 was designed to test a possible fold nose of the carb rock zone and was
drilled at azimuth 225 degrees. The drill hole intersected grey zone alteration
and quartz veining in carb rock and quartz veining in sediments, with
significant assays returned from both rock types.


PG13-108

PG13-108 was drilled to explore for additional carb rock zones and the mafic
volcanic contact. It successfully tested the newly discovered altered and
quartz-rich southern carb rock unit intersected in PG13-104 and PG13-106. It was
also designed to test the talc-carbonate-carb rock contact vein near surface.
Significant assays were returned in both the near surface talc-carbonate-carb
rock contact vein and in a new vein discovered in the southern carb rock units.
It also intersected a previously unknown felsic unit and mafic volcanics.


PG13-109

PG13-109 was drilled to continue a fence of holes at azimuth 225 degrees. It was
collared at the same location as PG13-108 (drilled due south). It intersected a
narrow mineralized talc-carbonate-carb rock contact vein, demonstrating the
continuity of this vein.


Current summer work program:



1.  LIDAR ("Light Detection and Ranging" remote sensing method) survey on
    the Pen Gold South area was completed last week and data is being
    processed. The results, expected in 6 weeks, will be used as a mapping
    and prospecting tool and for locating large geological
    structures/features. 
2.  Compilation of historical work in the area is continuing. The historical
    data has indicated several areas of interest for follow-up. 
3.  Mapping and prospecting will commence in July. This will assist in
    planning drill programs for the fall and winter. 
4.  Interpretation of the drill results and correlation with known surface
    geology has begun. The results of this work will guide the fall and
    winter drill programs.



Roger Walsh President and CEO stated, "Issuance of these initial assay results
on our first drill program is very gratifying. It confirms the potential of the
Pen Gold Project to host high grade gold mineralization. Our current summer
program will follow up on other important targets and further our understanding
of the Talc Mine Area targets so that they can be advanced towards a mineral
resource." 


Quality Assurance - Quality Control ("QA/QC")

Industry best practices are followed on the project including the routine
insertion of duplicate, blank and standard samples in all drill holes. The core
samples are submitted directly to Actlabs in Timmins for preparation and
analysis. Gold analyses are conducted on 1 assay-ton aliquots, using fire assay
methods with an atomic absorption finish up to 5 g/t Au and with a gravimetric
finish above. Metallic sieve assays are requested for samples when visible gold
is observed. Gravimetric finish or metallic sieve results are used whenever
available, in the reporting of results.


Gary Wong, P.Eng., Vice-President Exploration of the Company, a Qualified Person
under the definition in National Instrument 43-101, has reviewed and approved
the technical content of this release.


ON BEHALF OF THE BOARD OF DIRECTORS

Roger Walsh, President & CEO

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 news release.


Cautionary Note Regarding Forward Looking Statements: Certain disclosure in this
release constitutes forward-looking statements. In making the forward-looking
statements in this release, the Company has applied certain factors and
assumptions that are based on the Company's current beliefs as well as
assumptions made by and information currently available to the Company,
including that the Company is able to obtain any government or other regulatory
approvals required to complete the Company's planned exploration activities,
that the Company is able to procure personnel, equipment and supplies required
for its exploration activities in sufficient quantities and on a timely basis
and that actual results of exploration activities are consistent with
management's expectations. Although the Company considers these assumptions to
be reasonable based on information currently available to it, they may prove to
be incorrect, and the forward-looking statements in this release are subject to
numerous risks, uncertainties and other factors that may cause future results to
differ materially from those expressed or implied in such forward-looking
statements. Such risk factors include, among others, that actual results of the
Company's exploration activities will be different than those expected by
management and that the Company will be unable to obtain or will experience
delays in obtaining any required government approvals or be unable to procure
required equipment and supplies in sufficient quantities and on a timely basis.
Readers are cautioned not to place undue reliance on forward-looking statements.
The Company does not intend, and expressly disclaims any intention or obligation
to, update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by law.


To view Appendix 1 and 2 please click on the following link:
http://media3.marketwire.com/docs/RPR0624.pdf






FOR FURTHER INFORMATION PLEASE CONTACT: 
Rapier Gold Inc.
Roger Walsh
(604) 617-1627
roger@rapiergold.com
www.rapiergold.com

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