12:27:32 EST Fri 03 Dec 2021
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Rio2 Ltd (2)
Symbol RIO
Shares Issued 254,236,483
Close 2021-11-02 C$ 0.60
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Rio2 director Thomas dies suddenly at age 77

2021-11-02 17:13 ET - News Release

Mr. Alex Black reports


Rio2 Ltd. foundation director, David Thomas, has passed away. Mr. Thomas passed away unexpectedly at his home in Park City, Utah, on Monday, Nov. 1, 2021. He was 77 years of age. The company is deeply saddened.

Mr. Thomas, an internationally experienced mining engineer, was an independent non-executive director of the company since April 21, 2017. He was chairman of the health, safety, environment and community committee and a member of the audit committee and the corporate governance and compensation committee of the board of Rio2.

Alex Black, president and chief executive officer of Rio2, commented: "I first met Dave in 2006 when he was on the technical team developing the Toromocho copper project in Peru. We became good friends and I invited him to be a director of the board of the private Rio Alto Mining Ltd. during the time we bid for the La Arena gold project in Peru. Dave's technical knowledge and enthusiasm were of the highest level and his willingness to impart his advice and knowledge was appreciated by everyone who worked with him both at Rio Alto Mining and at Rio2. Apart from our professional relationship, myself and those who knew Dave, considered him to be a genuinely great guy and fun person to be around and he will be sadly missed by all."

The board and management team at Rio2 are appreciative and thankful for the invaluable contribution Mr. Thomas made to the company during his tenure of service and we express our sincere condolences to his wife Geri and family during this difficult time.

About Rio2 Ltd.

Rio2 is a mining company with a focus on development and mining operations with a team that has proven technical skills as well as a successful capital markets record. Rio2 is focused on taking its Fenix gold project in Chile to production in the shortest possible time frame based on a staged development strategy. In addition to the Fenix gold project in development in Chile, Rio2 continues to pursue additional strategic acquisitions where it can deploy its operational excellence and responsible mining practices to build a multiasset, multijurisdiction precious metals company.

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