Concerned Shareholder Announces Overwhelming Support for Change with over 48% of Rapier Shares Deposited in Favour of the YELLOW Proxy

VANCOUVER, March 28, 2017 /CNW/ - Delbrook Capital Advisors Inc. ("Delbrook" or the "Concerned Shareholder"), is pleased to announce overwhelming support for change at the upcoming annual general meeting (the "Meeting") of shareholders ("Shareholders") of Rapier Gold Inc. ("Rapier" or the "Company") (TSX Venture: RPR) scheduled for 10am PST on March 30, 2017.

As of the cut-off today, the Concerned Shareholder deposited to the Company, proxies representing over 48% of the total Rapier shares outstanding who voted FOR the election of a stronger, more experienced board of directors (the "Proposed Board"), specifically: Darren Blasutti, David Lotan, Paul Parisotto and Lorie Waisberg.

"We are grateful for the significant support and thank fellow Shareholders for voting in pursuit of positive change.  We look forward to working with the Proposed Board who represent a stronger, more experienced group of mining executives which understand and respect their duties as fiduciaries." said Matthew Zabloski, Managing Director of Delbrook.

As announced in the Concerned Shareholder's news release dated March 27, 2017, the Concerned Shareholder was successful in removing Mr. Roger Walsh as chair of the Meeting.  The Concerned Shareholder looks forward to working with the newly appointed independent chair to facilitate a fair Meeting where the democratic rights of shareholders will be respected.

About Delbrook Capital Advisors Inc.

Delbrook Capital Advisors Inc. is an independent investment manager which focuses on alternative strategies. Delbrook Capital Advisors Inc. manages the Delbrook Resource Opportunities Fund, an alternative investment fund, focused on identifying and investing in unique growth opportunities within the metals and mining sector.

Delbrook Capital Advisors Inc.
1021 West Hastings Street, Suite 650
Vancouver, BC, V6E 0C3
604.229.1450
Matthew Zabloski, Managing Director
www.delbrookcapital.com

Shareholder Questions

Laurel Hill Advisory Group
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Email: assistance@laurelhill.com

Disclaimers

Delbrook has not sought or obtained consent from any third party to the use herein of previously published information. Any such information should not be viewed as indicating the support of such third party for the views expressed herein.

Except for the historical information contained herein, the matters addressed in these materials are forward-looking statements that involve certain risks and uncertainties. You should be aware that actual results could differ materially from those contained in the forward-looking statements. Delbrook does not assume any obligation to update the forward-looking information.

SOURCE Delbrook Capital Advisors Inc.