RUG Rugby Resources Ltd

Rugby Mining Limited ("Rugby" or the "Company") (TSX
VENTURE:RUG)(FRANKFURT:7RM.F) reports that it has amended the exercise price of
an aggregate of 920,000 stock options with a price of $1.81 to $1.15. These
options are held by directors and officers of the Company and the amendment is
subject to approval by disinterested shareholders and acceptance by the TSX
Venture Exchange. 


About Rugby 

Rugby, with a treasury of $6.9 million, is an emerging mineral resource company
focussed on the discovery of large scale gold and copper porphyries and
epithermal gold-silver projects. The management team has a track record in the
successful exploration and development of major resource projects in different
mining jurisdictions. 


Comita Project 

Rugby has a two stage option agreement with Rio Tinto to earn up to a 60%
interest in Comita, a porphyry gold-copper project in the western cordillera of
Colombia. The Comita project is a copper-gold porphyry system recognised during
a joint German-Colombian exploration program over 20 years ago. No systematic
exploration has been conducted since that time. Surface exploration is expected
to begin in the second half of 2011, with drilling first half 2012.


Interceptor Project 

Rugby recently announced that it had entered into an option agreement with
Miranda S.A., an Argentine company, to acquire 100% of the Interceptor porphyry
gold copper project ("Interceptor") in Catamarca Province, Argentina. 


Interceptor is located near the renowned Maricunga gold region of Chile, an
established mining district which hosts significant operating gold mines and
advanced stage gold copper porphyry deposits, including the large Cerro Casale
and Caspiche projects. Interceptor is drill ready with large scale porphyry
copper gold targets defined by geochemical and geophysical surveys. 


Paul Joyce, the Company's President and CEO and a "qualified person" within the
definition of that term in NI 43-101, has supervised the preparation of the
technical information contained in this news release. 


For additional information you are invited to visit the Rugby Mining Limited
website at www.rugbymining.com.


RUGBY MINING LIMITED

Paul Joyce, President and CEO 

CAUTIONARY STATEMENT 

Certain of the statements made and information contained herein is
"forward-looking information" within the meaning of the British Columbia,
Alberta and Ontario Securities Acts. This includes statements concerning the
Company's plans at the Interceptor, Comita, Hawkwood and Mabuhay projects, which
involve known and unknown risks, uncertainties and other factors which may cause
the actual results, performance or achievements of the Company, or industry
results, to be materially different from any future results, performance or
achievements expressed or implied by such forward-looking information.
Forward-looking information is subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those reflected in the
forward-looking information, including, without limitation, the effect on prices
of major mineral commodities such as copper, gold and iron by factors beyond the
control of the Company; events which cannot be accurately predicted such as
political and economic instability, terrorism, environmental factors and changes
in government regulations and taxes; the shortage of personnel with the
requisite knowledge and skills to design and execute exploration programs;
difficulties in arranging contracts for drilling and other exploration services;
the Company's dependency on equity market financings to fund its exploration
programs and maintain its mining properties in good standing; political risk
that a future government will change environmental regulations, taxes or mineral
royalties in a manner that could have an adverse effect on the Company's
financial condition and impair its ability to raise further funds for
exploration; risks associated with title to resource properties due to the
difficulties of determining the validity of certain claims as well as the
potential for problems arising from the sometimes ambiguous conveyancing
characteristic of many resource properties, currency risks associated with
foreign operations.and other risks and uncertainties, including those described
in each management discussion and analysis. 


The Company is required to issue shares, pay option fees and complete certain
work and expenditure requirements in order to maintain and earn its interest in
the projects referenced above. The failure to issue such shares, pay the option
fees or complete the required expenditure or work commitments could result in
the loss of such project. In addition, forward-looking information is based on
various assumptions including, without limitation, assumptions associated with
exploration results and costs and the availability of materials and skilled
labour. Should one or more of these risks and uncertainties materialize, or
should underlying assumptions prove incorrect, actual results may vary
materially from those described in forward-looking statements. Accordingly,
readers are advised not to place undue reliance on forward-looking information.
Except as required under applicable securities legislation, the Company
undertakes no obligation to publicly update or revise forward-looking
information, whether as a result of new information, future events or otherwise.

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