Rapier Gold Inc. Closes Second & Final Tranche of Private Placement

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Rapier Gold Inc. (TSX VENTURE:RPR) (the "Company") has closed the second and
final tranche of the previously announced non-brokered private placement (the
"Offering").


The Company raised aggregate proceeds of $283,185.05 from the sale of 2,758,231
flow through units (the "FT Units") and 2,078,000 non-flow through units (the
"NFT Units") at a price of $0.065 per FT Unit and $0.05 per NFT Unit. Each FT
Unit or NFT Unit consists of one common share and one non-transferable common
share purchase warrant. Each warrant entitles the holder to purchase one common
share at an exercise price of $0.10 for 12 months following completion of the
Offering. Should the Company's common shares trade on the TSX Venture Exchange
at a weighted average price of greater than $0.15 for any ten consecutive
trading day period, the Company may, on written notice to the holders of the
Warrants, reduce the exercise period of the Warrants to a date that is not less
than 30 days from the date of the notice.


Total finder's fees of $9,357.95 and 151,690 compensation warrants were paid in
respect of the private placement. The shares are subject to statutory four month
hold periods expiring April 7 and 24, 2014. The Offering is subject to the final
approval of the TSX Venture Exchange.


The proceeds from the issuance of the FT Units will qualify as Canadian
exploration expenses which will be renounced to investors effective December 31,
2013. The Company will use the net proceeds of the Offering for expenditures on
the Company's Pen Gold Project, located 75 km south west of Timmins, Ontario,
and for general working capital.


Directors of the Company have acquired a total of 1,100,000 NFT units in the
Offering. Such participation is considered to be a "related party transaction"
as defined under Multilateral Instrument 61-101 ("MI 61-101"). The transaction
will be exempt from the formal valuation and minority shareholder approval
requirements of MI 61-101 as neither the fair market value of any shares issued
to, or the consideration paid by such persons, will exceed 25% of the Company's
market capitalization.


Pen Gold Project Summary



--  The Company's activities are focused on exploring for gold on the Pen
    Gold Project which comprises 16,448 hectares (approximately 160 sq km),
    75 km southwest of Timmins, Ontario, in close proximity to the western
    extension of the Porcupine-Destor Deformation (Fault) Zone, one of the
    most productive gold structures in the world. 
    
--  In May, The Company completed a thirteen hole drill program of 4,350 m,
    focused on four key areas of the project; Westgate Area, Porphyry Hill
    Area, Midway Area and Talc Mine Area. Details are outlined in the
    Company's press releases dated June 24, 2013 and July 25, 2013. 
    
--  In June, a Light Detection and Ranging survey ("LIDAR") was flown over
    all of the Pen Gold South area and results were received in mid-July.
    The LIDAR base maps are used in prospecting and mapping as guides to
    locate areas of rock outcrop, avoidance of swamps and general access. 
    
--  From July to September, the Company completed mapping and prospecting
    over approximately 4,100 hectares, or approximately 25%, of the property
    which identified two new trends and a new area with historical work; 
    
    --  The Westgate Trend extending approximately 3.5 km east west from the
        two holes drilled at Westgate, 
        
    --  The Porphyry Hill Trend extending 2km east of the one hole drilled
        at Porphyry Hill, and 
        
    --  The Nib Yellowknife area located 2km south of the Talc Mine Area 



Results from this work were outlined in Rapier's press releases dated September
5, 2013 and October 7, 2013.


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.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy nor shall there be any sale of any securities in any jurisdiction
in which such offer, solicitation or sale would be unlawful. The securities have
not been and will not be registered under the United States Securities Act of
1933, as amended (the "U.S. Securities Act") or the securities laws of any state
of the United States and may not be offered or sold within the United States or
to, or for the account or the benefit of, any person in the United States unless
registered under the U.S. Securities Act and applicable state securities laws or
pursuant to an exemption from such registration requirements.


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 private placement and Company's planned
exploration activities, that the Company is able to complete the private
placement, 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 the private placement
will not be completed, 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.


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