RPT

RPT Resources Ltd. (formerly RPT Uranium Corp.) (TSX VENTURE:RPT) ("RPT") is
pleased to announce that the Company has signed, subject to regulatory approval,
a final agreement with Kennecott Canada Exploration Inc. for RPT's 100%-owned
Sibley Basin area Dorion Block. Under the terms of the agreement Kennecott has
acquired the right to earn-in up to an 80% interest by expending a total of
$10.2 million and issuing staged payments described in more detail below
totalling $350,000 on or before December 31, 2016.


Kennecott's proposal to earn-in on the Dorion Block is in the form of two options:

- First Option: Kennecott has been granted the right to earn a 60% interest in
the property by making payments and incurring expenditures per the following
schedule:


-- Expenditures - incurring $1,700,000 on the property on or before December 31,
2012 ($300,000 of which is committed and must be incurred by December 31, 2010).


-- Payments - $25,000 in aggregate payments.

- Second Option:

-- Expenditures - If Kennecott exercises the First Option and earns 60%
undivided interest it shall have the right to earn an additional 20% undivided
interest (for a total of 80%) in the property by incurring an additional
$8,500,000 on or before December 31, 2016.


-- Payments - $325,000 in aggregate payments.

The proposal grants Kennecott the right to elect to form a joint venture with
RPT upon either:


- At any time after Kennecott has satisfied the First Option requirement (60%
KCEI, 40% RPT).


- Upon Kennecott satisfying the Second Option requirement (80% KCEI, 20% RPT).

- If a party's interest is diluted below 10%, then such party's interest is
converted to a 2% NSR.


Since 2000, Kennecott's strong nickel team have experienced a high degree of
discovery success exploring for Noril'sk-style magmatic intrusions associated
with the Midcontinent Rift System. Nelson Baker comments: "Searching for this
style and age of nickel deposit requires an expertise that we didn't have in the
RPT group. Teaming up with the Kennecott team provides our shareholders the
assurance that the large Dorion Block will be well explored for its nickel
potential."


Nelson Baker, P.Eng., director for RPT Resources Ltd., is the qualified person
responsible for this release.


Nelson W. Baker, Acting President 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.

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