RIO2 LIMITED ANNOUNCES ACQUISITION OF SHARES BY ALEX BLACK

Updated: Jan 29, 2019

Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; BVL:RIO) announces today that Alex Black, the President and Chief Executive Officer of the Company, has purchased a total of 742,500 common shares (“Common Shares”) of the Company over the course of the past 5 days through the facilities of the TSX Venture Exchange.


Prior to these purchases, Alex Black owned and controlled 14,414,721 Common Shares, representing approximately 14.0% of the issued and outstanding Common Shares. He now has ownership and control over 15,157,221 Common Shares, representing approximately 14.72% of the issued and outstanding Common Shares.


Alex Black acquired the Common Shares for investment purposes. Other than acquiring additional Common Shares in the future depending on market circumstances, Alex Black has no intention of acquiring any further securities of the Company at this time.


ABOUT RIO2 LIMITED

Rio2 Limited is building a multi‐asset, multi‐jurisdiction, precious metals company focused in the Americas. With the Fenix Gold Project in development in Chile and exploration platforms in Peru and Central America, Rio2 Limited will continue pursuing additional strategic acquisitions to compile an attractive portfolio of precious metals assets where it can deploy its operational excellence and responsible mining practices to create value for its shareholders. Rio2 Limited has assembled a highly experienced executive team to generate significant shareholder value, with proven technical skills in the development and operations of mines and capital markets experience. Through its strategy of acquiring precious metals assets at exploration, development, and operating stages, the executive team will grow Rio2 Limited and create long‐term shareholder value through the development of high‐margin, strong free‐cash‐flowing mining operations.


For more information about Rio2 Limited, please contact:

Alex Black

President and Chief Executive Officer

Email: info@rio2.com

Telephone: +1 (416) 432 0622

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release