Mr. Alex Black reports

RIO2 ANNOUNCES WARRANT EXPIRATION

Rio2 Ltd. saw 25,091,950 share purchase warrants with an exercise price of 50 cents expire on Aug. 13, 2022. These share purchase warrants were issued in connection with the company's 2019 offering of units consisting of common stock and half warrants.

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.