Ms. Justine Magee reports

RTG MINING INC. ANNOUNCES ISSUE OF A$10 MILLION CHESS DEPOSITORY INSTRUMENTS UNDER PRIVATE PLACEMENT

RTG Mining Inc. has completed the issue of 208,893,190 Chess depository instruments at a price of 4.8 Australian cents per security to institutional and sophisticated investors pursuant to the private placement announced by the company on July 4, 2023. Tranche 1 of the private placement raised proceeds of circa $10-million (Australian) (before costs). A total of 125,808,218 and 83,084,972 tranche 1 securities were issued using the company's placement capacity under Australian Securities Exchange listing Rule 7.1 and 7.1A, respectively.

Euroz Hartleys and Foster Stockbroking, together with Inte Securities LLC and M2-Advisors, acted as joint lead managers to the private placement.

Shareholder approval will now be sought at a general meeting to be scheduled in late August, 2023, for the issue of tranche 2 securities and attaching options to private placement participants, the details of which are in RTG Mining's announcement released to the ASX on July 4, 2023.

A notice of meeting relating to these approvals will be sent to shareholders in due course.

About RTG Mining Inc.

RTG Mining is a mining and exploration company listed on the main board of the Toronto Stock Exchange and the Australian Securities Exchange. RTG Mining is currently focused primarily on progressing the Mabilo project to start-up, having received a mining permit for the project, with a view to moving quickly and safely to a producing gold and copper company.

RTG Mining also has a number of exciting new opportunities, including the Panguna project in Bougainville, which it remains committed to, while also considering further new business development opportunities.

RTG Mining has an experienced management team which has to date developed seven mines in five different countries, including being responsible for the development of the Masbate gold mine in the Philippines through CGA Mining Ltd. RTG Mining has some of the most respected international institutional investors as shareholders, including Franklin Templeton, Equinox Partners and Sun Valley.

We seek Safe Harbor.