Ms. Justine Magee reports

MABILO PROJECT MOVES FROM CORPORATE TO OPERATIONAL FOCUS

The board of RTG Mining Inc. has provided this update on progress with respect to the development of the high-grade copper-gold Mabilo project located in Camarines Norte province, eastern Luzon, Philippines.

As reported earlier this year, RTG agreed terms under a binding memorandum of agreement with the Villar family's TVI Resource Development (Phils.) Inc. (TVIRD), where RTG will continue to hold a 40-per-cent interest in the Mabilo project and TVIRD will hold the remaining 60 per cent. In addition to this, RTG will have a 2-per-cent net smelter royalty (NSR) on the project and have $27-million (U.S.) of debt repaid from the proceeds of planned Stage 1 production.

RTG is pleased to confirm that it has recently held its first project development meeting with TVIRD executives to undertake a detailed review of operational plans for the Mabilo project, including a central focus on the start-up of the potentially highly profitable direct shipping phase. These latest discussions are considered a significant step forward for RTG and signal TVIRD's commitment to helping shift the focus for the Mabilo project from corporate to operational matters.

Given the Mabilo project has been on care and maintenance for over two years, the initial meeting focused on important near-term initiatives, including discussions on local issues such as the necessary social development and management programs and the environmental protection and enhancement programs, together with reviewing tree clearing permits, as well as the port facility and the land acquisition program.

A key outcome of the meeting was the agreement that the management committee, which has representatives of both project partners, will hold meetings every two weeks to work closely to advance development plans toward a targeted operational start-up as soon as possible.

RTG is also particularly pleased to welcome the appointment of Edsel Abrasaldo to manage the technical aspects of the Mabilo project on the ground in the Philippines. Mr. Abrasaldo is a highly experienced mining executive with extensive regional experience operating in the Philippines.

Commentary

Commenting on these positive discussions held in the Philippines, RTG's chief executive officer, Justine Magee, said: "This first project development meeting with TVIRD should be regarded as a key turning point for the company and marks a profound shift in focus as we move past legal and corporate matters to now focus on activities which move Mabilo firmly forward into the project development phase. RTG has engaged in good and extensive discussions with TVIRD's executive team, which now includes the newly appointed technical executive, representing a clear focus on operational start-up as we work together to unlock the value of the high-grade Mabilo copper/gold project. TVIRD's shareholders share the same view as RTG's board in that Mabilo is a hugely valuable high-grade copper-gold project, a significant mining project for the Philippines, and, together, we are intent on unlocking this value. RTG looks forward to providing further updates on operational strategy over the coming months."

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 is currently focused primarily on progressing the Mabilo project to start-up having now received a mining permit for the project, with a view to moving quickly and safely to a producing gold and copper company.

RTG 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 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 has some of the most respected international institutional investors as shareholders, including Franklin Templeton, Equinox Partners and Sun Valley.

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