Ms. Justine Magee reports

RTG MINING INC. ANNOUNCES ISSUE OF A $3.8 MILLION CHESS DEPOSITORY INSTRUMENTS UNDER TRANCHE 2 OF PRIVATE PLACEMENT

RTG Mining Inc. has completed the issue of 81,037,020 Chess depository instruments at a price of 4.8 Australian cents per security to institutional and sophisticated investors under tranche 2 of the private placement announced by the company on July 4, 2023.

Tranche 2 of the private placement raised proceeds of circa $3.8-million (Australian) (before costs).

In addition, the company issued 193,286,828 free attaching unlisted options pursuant to the private placement. Two attaching options were issued for every three securities issued, exercisable at 7.5 cents with a 12-month expiry from the date of issue.

A notice of meeting to approve tranche 2 of the private placement was sent to shareholders on Aug. 2, 2023. Shareholders approved tranche 2 at the extraordinary general meeting on Aug. 31, 2023.

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

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.