St-Georges Eco-Mining Corp. press release

Update for Mabuhay Project, Philippines

2011-11-09

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(via Thenewswire.ca)

Vancouver, B.C., November 9, 2011 - Rugby Mining Limited ("Rugby" or the "Company") (TSX-V:RUG) is pleased to report additional drilling assays from its Mabuhay gold-copper project located near Surigao, Philippines. A drilling campaign to test the high priority Motherlode target area awaits approval of the application for conversion of the mining titles to a Mineral Production Sharing Agreement ("MPSA") for that sector of the project.

Mabuhay Project

Significant new assays have been received for drilling completed up to September 2011. All the drilling was on secondary targets while the Company awaits the approval of the MPSA for the Motherlode Mine area (Figure 1 - blue boundary). Gold mineralization has been intersected in a variety of geological settings that include epithermal, porphyry and replacement style environments.

Epithermal Mineralization

Additional assays for MD-001 extended the previously reported epithermal gold intersection to 54 meters ("m") of 1.3g/t gold starting at a down hole depth of 71m. This intersection includes the previously reported 33 metre long drill intercept. Interpretation of the Induced Polarization ("IP") results indicates MD-001 may have intersected the northern extension of a prominent chargeability anomaly situated immediate southwest of the Motherlode Mine epithermal vein system (Figure 1).

Low grade epithermal gold mineralization was also intersected in drill holes MD-005 to MD-008. These holes appear to have missed the mineralized structure intersected in MD-001. MD-008 returned the most significant intercept, 8m of 1.0g/t gold from a down hole depth of 33m.

Porphyry Mineralization

Drill holes MD-002 and MD-003 targeted a deep chargeability IP anomaly situated north of the Motherlode Mine area. The Company previously reported copper-gold porphyry type mineralization in MD-002 (539m at 0.2% copper, 0.2g/t gold and 88 ppm molybdenum). Approximately 200m east of MD-002, low grade porphyry style mineralization was also intersected in MD-003 (72m at 0.2% copper, 0.1g/t gold and 87 ppm molybdenum from 510m down hole). The porphyry style mineralization intersected in both holes may form part of a much more extensive porphyry intrusive body that extends to the Motherlode Mine area.

Replacement Style Mineralization

MD-004 located in the northern portion of the property near the Mapawa porphyry discovery, intersected multiple zones of gold-silver mineralization within brecciated and altered limestone. Although this type of mineralization has not been previously recognized at Mabuhay, it hosts the Siana gold mine 20 kilometres to the south (+1 million ounces gold). Significant intersections in MD-004 include:

-11.7m of 2.5g/t gold, 46g/t silver from 381.6m

-30.3m of 1.2g/t gold, 32g/t silver from 498.5m

-26.9m of 1.0g/t gold, 26g/t silver from 629.1m

Geochemical sampling and geological mapping is currently in progress to evaluate the potential for shallower extensions to the mineralization intersected in MD-004. Drilling will test these new targets for their bulk mining potential.

Proposed Second Drilling Program

The old Motherlode Mine is estimated to have produced some 500,000 ounces of gold from high grade epithermal veins. This area remains as the Company's primary target for epithermal type deposits. The Company also considers the area to have significant potential for a porphyry type gold-copper discovery.

This next drilling program will focus on the Motherlode Mine area. Drilling awaits approval of the MPSA application. The timing of such approval is beyond the Company's control but we expect approval in the first half of 2012.

Figure 1 - Drill hole location plan

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Paul Joyce, 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.

About Rugby

Rugby, with a treasury of CDN $5.5 million, is an emerging mineral resource company exploring for gold, silver and base metals. The management team has a track record in the successful identification, acquisition, exploration and development of international mining projects.

Mabuhay Project, Philippines: The Company has an option to acquire up to an 80% interest in the Mabuhay Project located in the mining friendly area of Surigao. Mabuhay is situated in an established mining district hosting significant gold-copper deposits. Management believes the project has excellent potential for the discovery of both gold-copper porphyry and epithermal type gold deposits. The Mabuhay Project includes the former Mindanao Motherlode Mine, a high-grade epithermal vein style gold mine that is estimated to have produced approximately 500,000 ounces of gold in the period 1937 to 1953. The Motherlode Mine was one of the Philippines' highest grade gold producers.

Comita Project, Colombia: Rugby has an option to earn up to a 60% interest in Comita, a porphyry copper-gold project in the western cordillera of Colombia. The Comita project was recognised as a porphyry system during a joint German-Colombian exploration program over 20 years ago. No systematic exploration has been conducted since that time. Rugby recently completed a 555 line kilometre helicopter-borne geophysical magnetic and radiometric survey over the project area. The survey will assist in designing the 2012 drilling program.

Interceptor Project, Argentina: Rugby has an option to acquire 100% of the Interceptor porphyry gold-copper project in Catamarca Province. Interceptor is located near the renowned Maricunga gold region of Chile, an established mining district which hosts significant operating gold mines and advanced stage porphyry projects including the large Cerro Casale and Caspiche projects. Interceptor is "drill ready" with large scale targets defined by geochemical and geophysical surveys. Drilling is scheduled for Q4-2011.

Hawkwood Project, Australia: Rugby also has an option to acquire up to a 90% interest in the Hawkwood project which covers 427 km2 of prospective copper-gold and iron tenements in Queensland. In January 2010, the Company entered into an agreement with Eastern Iron Limited wherein that company can earn up to an 80% ownership of iron ore targets in this area. To date Eastern Iron has conducted several geophysical surveys and a drilling program.

Rugby recently completed a geochemical sampling and reconnaissance program at the Mary Elizabeth prospect located within a 229 km2 area excluded from the Eastern Iron agreement.

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

For further information, please contact:

CAUTIONARY STATEMENT

Certain of the statements made and information contained herein is "forward-looking information" within the meaning of the British Colombia, Alberta and Ontario Securities Acts. This includes statements concerning the Company's plans at its 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 mineral exploration properties in good standing; political risk that a government will change, interpret or enforce mineral tenure, environmental regulations, taxes or mineral royalties in a manner that could have an adverse effect on the Company's assets or financial condition and impair its ability to advance its mineral exploration projects or 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 interpretation of laws regarding ownership of mineral tenures in the Philippines and in the sometimes ambiguous conveyancing characteristic of many resource properties, currency risks associated with foreign operations, the timing for obtaining permits to conduct exploration activities, the ability to conclude agreements with local communities and other risks and uncertainties, including those described in each of the Company's management discussion and analysis including those contained in its year-end financial statements for the year ended February 28, 2011 filed with the Canadian Securities Administrators and available at www.sedar.com. 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.

NEITHER 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 RELEASE.

Earlier from St-Georges Eco-Mining Corp.

RUGBY GRANTS STOCK OPTIONS 2011-05-17
RUGBY TO COMMENCE DRILLING AT MABUHAY PROJECT, PHILIPPINES 2011-03-23
RUGBY GRANTS ADDITIONAL STOCK OPTIONS 2011-02-17