Ms. Justine Magee reports

MULTIPLE FINANCE AND OFFTAKE OFFERS SECURED FOR DEVELOPMENT OF MABILO COPPER-GOLD PROJECT

The board of RTG Mining Inc. has provided an update on the financing process for the development of the Mabilo high-grade copper and gold project in the Philippines. RTG holds a 40-per-cent interest in Mt. Labo Exploration and Development Corp. (MLEDC), which owns 100 per cent of the Mabilo project, together with a 2-per-cent net smelter royalty.

Highlights:

• Key development milestone achieved with multiple attractive finance and offtake offers secured for Stage 1 DSO (direct shipping operation) start-up at Mabilo;
• All the finance offers include a facility for $25-million (U.S.), together with offtake arrangements for products on market terms;
• DSO start-up operation at Mabilo has near-term cash flow with nominal capital, with 94 per cent of net cash flow from 21 per cent supergene chalcocite;
• Mabilo is a world-class high-grade copper-gold project (3.9 per cent copper equivalent) with a fully permitted mineral production sharing agreement (mining permit) and an environmental compliance certificate.

RTG confirms that, following a short due diligence period, MLEDC has received multiple debt finance and offtake offers to finance 100 per cent of the planned capital expenditure for the development of Stage 1 of the project on attractive terms.

Operational start-up of Stage 1 at Mabilo is a significant milestone for RTG investors, highlighted by a high-grade direct shipping operation (DSO) that will mine, amongst other products, approximately 100,000 tonnes of supergene chalcocite material, which runs in the order of 21-per-cent reserve-grade copper.

With all initial finance offers now received, MLEDC will analyze the various term sheets and seek to optimize the preferred offers, with a view to selecting a final party and moving to signing binding documentation in the near term.

Management commentary:

Commenting on this key development, RTG's chief executive officer Justine Magee said: "This is a very important step in the development of the high-grade Mabilo copper-gold project and places the project in a prime position to capitalize on consensus views of a strong and improving forecast for copper prices. The offers for 100-per-cent finance for stage 1 capex [capital expenditure] also demonstrate the strong economics and cash flow underpinning Mabilo's development, with few projects capable of securing such attractive financing terms. RTG will now focus on securing the most appropriate, non-dilutive funding option to advance this asset forward."

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 several 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.

Qualified person and competent person statement

The information in this release that relates to mineral resources is based on information prepared by or under the supervision of Aaron Green, who is a qualified person and competent person. Mr. Green is a member of the Australian Institute of Geoscientists and is employed by CSA Global Pty. Ltd., an independent consulting company. Mr. Green has sufficient experience that is relevant to the style of mineralization and type of deposit under consideration and to the activity that 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. Mr. Green has verified the data disclosed in this release, including sampling, analytical and test data underlying the information contained in the release. Mr. Green consents to the inclusion in the release of the matters based on his information in the form and context in which it appears.

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