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Rathdowney Resource zinc-lead deposits in Poland Olza property

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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 of Mississippi Valley-type deposits with well-developed mining infrastructure. Easily accessible by road, 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 smelters throughout Europe and to ports on the Baltic Sea.

Project Olza is located in the Upper Silesian mining district, a region of world-class Mississippi Valley type (“MVT”) deposits as recognized by the USGS1, and which includes long-life mines such as Pomorzany and Olkusz. Significant zinc-lead deposits in the area of Project Olza were identified, historically, through 180,000 m of drilling conducted in the 1950s to 1980s by the Polish State Survey. Rathdowney’s drilling program in 2011-2013 began to test these extensive deposits, and to December 2014 had outlined 24.4 million tonnes of inferred mineral resources grading 7.02% Zn+Pb (at a 2% Zn cut-off)2 with excellent additional resource potential. Information in the table below provides a comparison with other Upper Silesian deposits and well-known MVT districts.

In addition to its geological potential, Project Olza has a number of advantages when compared to many other emerging Zn-Pb mine development projects. Mining has taken place in the Upper Silesian district since the 12th century, and as a result, there is extensive infrastructure, including power and rail already in place as well as a skilled local workforce. Situated in the heart of Europe, the existing rail infrastructure provides Project Olza with direct, low-cost access to ports and smelters.

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These advantages are reflected in the results from the Preliminary Economic Assessment (“PEA”) announced earlier this year. The Project Olza PEA shows strong potential financial returns for a conventional 6,000 tonnes per day bulk room and pillar mine with standard on-site processing yielding two marketable low iron zinc and lead concentrates5. Project Olza would be a low-cost producer of an average of 197 million pounds of zinc and 59 million pounds of lead, annually, readily available to markets in Europe and throughout the world.

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