Mr. Alex Black reports

FENIX GOLD EIA MEETING POSTPONED TO JULY 5, 2022

Further to the press release disseminated on June 23, 2022, the Environmental Assessment Service (SEA) has postponed the meeting of the Comision de Evaluacion Regional, where 11 governmental institutions with environmental competencies will vote to approve or disapprove the environmental impact assessment (EIA) for Rio2 Ltd. and its Chilean subsidiary Fenix Gold Ltda's Fenix gold project.

The meeting was originally scheduled for July 1, 2022, and a revised meeting date has been confirmed for July 5, 2022.

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 market 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 metal company.

We seek Safe Harbor.