Ms. Justine Magee reports

FURTHER HIGH-GRADE COPPER AND GOLD MINERALISATION IDENTIFIED AT CHANACH

RTG Mining Inc. has provided an update on recent exploration activities completed at the company's 90-per-cent-owned Chanach gold and copper project in the Kyrgyz Republic.

Highlights:

• New results confirm multiple styles of mineralization and more encouraging gold and copper grades along 6.5km of skarns and new structures
• High-grade trench sampling assays include:
• 17m @ 5.13 g/t Au and 0.78% Cu from Cut 6
• 3m @ 2.52 g/t Au and 10.48% Cu from Cut 7
• 11m @ 1.29 g/t Au (including 1m @ 3.13 g/t Au and 1.03% Cu) from Cut 8
• 3m @ 4.15% Cu from Cut 8
• Chanach demonstrates clear potential to host both a high-grade, large Copper - Gold Porphyry Skarn system, combined with a high-grade epithermal gold system
• Latest exploration program at Chanach included ground truthing, targeted soil sampling, the digging of seven dozer cut trenches across the 6.5km skarn and outcropping quartz and a magnetic survey
• Results from the magnetic data in the eastern end of the tenement has a relatively quiet texture with some distinctive features that clearly show the geometries of folded lithologies and locations of structural features, along which known mineralization is aligned
• Results from the geochemistry show large areas of anomalism (+0.05ppm Au and +0.01% Cu) both in gold and copper stretching over the majority of the identified structures
• Mabilo Project in the Philippines continues to advance on-track, recent discussions with committed local partner focused on moving the project into development
• Budgets for the Stage 1 Direct Shipping Operation ("DSO") are being finalised and it is expected that discussions with financiers will re- commence early in 2024

Recent exploration activities at Chanach have included ground truthing, the collection of 1,154 soil samples concentrating on 6.5km of skarn and new structures identified in the eastern end of the tenement in last year's structural survey, the digging of seven dozer cut trenches across the identified skarn and outcropping quartz and a magnetic survey over the tenement.

Management Commentary:

Commenting on these positive results, RTG's CEO Justine Magee said: "These results continueto build our confidence that Chanach may be a similar opportunity to the Mabilo Projectwith strong potentialto evolve into both a high-grade, largeCopper - Gold Porphyry Skarn system, combinedwith a high-grade epithermal gold system. The results from the magnetic surveys have correlated well with our high grade trench sampling results providing a much stronger understanding of the significant scale and potential of the Chanach Project. The plan is to follow up with a 3DIP survey and a drilling program in the next field season.

Inaddition to the continued excellent results coming from Chanach, the Mabilo Projectin the Philippines continues to progress well with updatedbudgets for the planned DSO start up expected to be finalised shortly. Importantly, early in the new year this will allow the team to quickly focus on updates on finance offers from the various parties who have continued to express a desire to be involved in the financing of the Mabilo Project."

High-Grade Trench Sampling Results:

• 17m @ 5.13 g/t Au and 0.78% Cu from Cut 6
• 3m @ 2.52 g/t Au and 10.48% Cu from Cut 7
• 1m @2.25% Cu from Cut 7
• 2m @ 2.45% Cu from Cut 7
• 2m @ 1.13% Cu from Cut 7
• 11m @ 1.29 g/t Au (including 1m @ 3.13 g/t Au and 1.03% Cu) from Cut 8
• 4m @ 0.8% Cu from Cut 8
• 3m @ 4.15% Cu from Cut 8
• 3m @ 0.83 g/t Au and 0.88% Cu from Cut 8
• 1m @ 1.32 g/t Au from Cut 8
• 1m @ 1.13% Cu from Cut 8
• 1m @ 0.86%Cu from Cut 8
• 1m @ 0.72%Cu from Cut 8

Grades above 0.7 g/t Au and 0.3% Cu have been includedin the High-Grade Sampling Results

Results from dozer cuts and the soil samplinghave been processed at the fully accredited Information Research Centre Laboratory in Kara Balta in the Kyrgyz Republic with some results still pending.

Dozer Cut 6 intercepted broad high-grade mineralization (quartz, chalcopyrite, pyrite, malachite, azurite, calcite)in a geological structure consisting of fractured sandstonewith limonite along the fractures.

Dozer Cuts 7 and 8 intercepted multiple zones of high-grade mineralization (malachite, azurite, magnetite, pyrite,chalcopyrite, limonite, hematite, garnets, serpentenite, epidote and quartz) within the skarn zone.

Dozer Cuts 9 to 12 showed lower grades but was impacted by the depth of sedimentary cover sitting on top of the skarn. These anomalies will be tested further in next field season by digging deeper trenches.

Magnetic Survey

The magnetic survey was flown with drones by Geoscan Ltd on 25m line spacing at an altitude of 50m. The data collected is being processed by Southern Geoscience Consultants in Perth, whilst the full interpretation is still being worked on, initial results at the eastern end show the magnetic data has a relatively quiet texture with some distinctive features that clearly show the geometries of folded lithologies and locations of structural features, along which known mineralization is aligned (See Figure 3 below).

The drone magnetic data will be integrated with all other geological datasets to yield precise target locations for further detailed exploration in the next field season.

Geochemistry Survey

Detailed soil sampling on a 50m grid was conducted over 7km of identified structures within the tenement. The results show continuous zones of anomalism for gold and copper (see Figure 2 below) that coincide with key structures identified in the Structural Survey undertaken by O. V. Vaulin in 2022 and further supported by the recentmagnetic survey. The geochemistry also indicated zones not previously identified which will be tested in next year's field season. Figure 1: TenementMap showing locationof latest Trenchesand Mapped Skarn Structure. Figure 2: Tenement Map showing anomalousgeochemical contours for copper and gold. Figure 3: MagneticResponse of EasternEnd of Tenement Showing Structure Definition Identified in the Structural Survey Undertaken by O. V. Vaulin in 2022,Coincident with High-Grade Copper and Gold and MagneticFeatures. Figure 4: Tenement Map Showing Different Mineralised Zones with Coincident High-Grade Outcropping Copper and Gold Results

ABOUT RTG MINING INC

RTG Mining Inc. 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 with its new partners, the Villar Family.The team has secured a mining permitfor the Project,with a view to moving quickly and safely to a producing gold and copper company.

The Chanach Project, although earlier stage, is advancing well and is believed to have strong potential to be similar to or better than the Mabilo Project, with both a high-grade, large Copper - Gold PorphyrySkarn system, combinedwith a high-grade epithermal gold system.

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

QUALIFIED PERSON AND COMPETENT PERSONSTATEMENT

The information in this releasethat relates to Exploration Resultsand Mineral ResourceEstimates of the Chanach Project is based upon information compiled, reviewed and approved by Viktor Zabolotny who is a QualifiedPerson under NationalInstrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' who is a Member and Chartered Professional of the Australian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Viktor Zabolotny is employed by BW Three Holdings Ltd and is a consultant to RTG. Viktor Zabolotny has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity beingundertaken to qualifyas a Competent Person and a Qualified Person for the purposes of NI 43-101. Viktor Zabolotny consents to the inclusion in the release of the matters based on her information in the form and the context in which it appears.

The information in this releasethat relates to Exploration Targetsof the Chanach Project is based upon information compiled, reviewed and approvedby Greg Hall who is a Qualified Person under NI 43-101 and a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves' who is a Member and Chartered Professional of the Australian Institute of Mining and Metallurgy and a Member of the Australian Institute of Geoscientists. Greg Hall is employed by Golden Phoenix International Pty Ltd and is a consultant to RTG. Greg Hall has sufficient experience that is relevant to thestyle of mineralization and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person and a Qualified Person for the purposes of NI 43-101. Greg Hall consents to the inclusion in the releaseof the matters based on his information in the form and the context in which it appears.

The information in this release that relates to areas outside of exploration results, Mineral Resources, Mineral Reservesand Metallurgy and Processing is based on information preparedby or under the supervision of Mark Turner,who is a Qualified Person and Competent Person. Mark Turner is a Fellow of the Australasian Institute of Mining and Metallurgy and is employed by RTG Mining Inc, the Company.Mark Turner has sufficient experience that is relevantto the information under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and to qualify as a "Qualified Person" under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"). Mark Turner has verified the data disclosed in this release. Mark Turner consents to the inclusion in the release of the matters based on his information in the form and context in which it appears.

For the ASX Feasibility Study announcement including JORC tables please refer to the RTG Mining website (www.rtgmining.com) and on the ASX, under announcements (www.asx.com.au).

We seek Safe Harbor.