Mr. Alex Black reports

RIO2 - FENIX GOLD EIA ADMINISTRATIVE APPEAL TO BE HEARD DECEMBER 20, 2023

Chilean authorities have confirmed that the committee of ministers will announce its decision on the administrative appeal, previously filed by Rio2 Ltd. subsidiary Fenix Gold Ltda., for the approval of the Fenix Gold EIA (environmental impact assessment) at a committee meeting scheduled for Dec. 20, 2023.

About Rio2 Ltd.

Rio2 is a mining company with a focus on development and mining operations with a team that has proven technical skills as well as successful capital markets record. Rio2 is focused on taking its Fenix gold project in Chile to production in the shortest possible time frame based on a staged development strategy. Rio2 and its wholly owned subsidiary, Fenix Gold, are companies with the highest environmental standards and responsibility with the firm conviction that it is possible to develop mining projects that respect the three axes (social, environment, economics) of sustainable development. As related companies, they reaffirm their commitment to apply environmental standards beyond those that are mandated by regulators, seeking to protect and preserve the environment of the territories that they operate in.

We seek Safe Harbor.