Resource Capital Fund VI L.P. Announces Acquisition of Units in VR Resources Ltd.

DENVER, March 19, 2018 /CNW/ - Resource Capital Fund VI L.P. ("RCF") reports that on March 16, 2018, it acquired 2,000,000 units (the "Units") of VR Resources Ltd. (the "Company") pursuant to a non-brokered private placement (the "Private Placement"). RCF acquired the Units at a price of CDN$0.25 per Unit for a total purchase price of CDN$500,000. Each Unit consists of one common share of the Company (the "Common Shares") and one-half of one warrant to acquire a Common Share (the "Warrants"). Each Warrant is exercisable for a period of two years following closing of the Private Placement at a price of CDN$0.40.

Prior to the Private Placement, RCF owned and controlled a total of (i) 2,882,364 Common Shares representing approximately 7.98% of the issued and outstanding Common Shares and (ii) 691,182 Warrants. Assuming exercise of all of the Warrants held by RCF, an aggregate of 3,573,546 Common Shares would be owned by RCF prior to the Private Placement, representing approximately 9.71% of the Company's issued and outstanding Common Shares.

Immediately following the Private Placement, RCF owned a total of (i) 4,882,364 Common Shares representing approximately 11.06% of the Company's issued and outstanding common shares and (ii) 1,691,182 Warrants. Assuming exercise of all of the Warrants held by RCF, an aggregate of 6,573,546 Common Shares would be owned by RCF, representing approximately 14.34% of the Company's issued and outstanding Common Shares.

RCF acquired the Units for investment purposes. RCF may from time to time acquire additional securities, dispose of some or all of the existing or additional securities or may continue to hold the securities of the Company.

The Company's head office is located at Suite 1750, 700 West Pender Street, Vancouver, British Columbia, V6C 1G8.

To obtain a copy of the early warning report filed under applicable Canadian securities laws in connection with the transactions hereunder, please see the Company's profile on the SEDAR website www.sedar.com.

About Resource Capital Fund VI L.P.

RCF is a private investment fund existing under the laws of the Cayman Islands.

SOURCE Resource Capital Fund VI L.P.