RIO2 LIMITED ANNOUNCES SENIOR MANAGEMENT APPOINTMENTS

Rio2 Limited (“Rio2” or the “Company”) (TSXV:RIO) announces today that the Company continues to strengthen its management team.

Senior Management Appointments

Rio2 is pleased to announce the appointment of Alejandra Gomez as senior vice-president, corporate communications, and Andrew Cox as senior vice-president, operations. Both Ms. Gomez and Mr. Cox assumed their new positions with the company on Sept. 1, 2017.

Ms. Gomez is based in Vancouver and has over 15 years of experience working with public companies, assisting management teams and boards of directors with corporate administrative activities. Throughout her career Ms. Gomez has been corporate administrator for a number of publicly listed companies. Ms. Gomez held various positions at Rio Alto Mining Ltd. since it became public in 2009 until acquired in 2015. Her last position at Rio Alto Mining was vice-president of corporate communications and manager of investor relations. Ms. Gomez brings extensive experience co-ordinating corporate compliance with various stock exchanges and securities commissions in Canada, the United States, Europe and South America. 

Mr. Cox is based in Lima, Peru, and has over 24 years of experience in mining operations around the world. Mr. Cox held various positions at Rio Alto Mining Ltd. since 2011 until acquired in 2015. He was operations manager at La Arena mine from 2011 to 2014, moving to the Shahuindo gold project as acting operations manager for the first year of construction in 2015. Following the acquisition of Rio Alto Mining Ltd. by Tahoe Resources Inc. in April, 2015, Mr. Cox was the corporate operations manager, Peru, until December, 2016. Prior to his involvement with Rio Alto Mining, Mr. Cox managed the dam embankment project at Oceanagold's Macraes Flat mine and the Alliance Mining contract at the Globe Progress mine for Stracon New Zealand from 2009 to 2011. In 2005, Mr. Cox joined mining and civil contractor Stracon GyM in Peru as manager of the El Brocal open-pit mining contract until 2009. Mr. Cox started his career as a production geologist in New Zealand at Solid Energys Stockton mine before spending 10 years in alluvial gold mining and exploration in New Zealand, Chile and Bolivia. Mr. Cox holds an MSc, geology honours, and Bsc, geology, from the University of Canterbury in New Zealand.

Rio2 has granted an aggregate of 250,000 restricted share units and 650,000 options to purchase Rio2 common shares to certain senior managers pursuant to Rio2's share incentive plan and stock option plan. The grant of the RSUs and options is subject to regulatory approval.

About Rio2

Rio2 is building a multiasset, multijurisdiction, precious metals company focused in the Americas. With projects in Peru and Nicaragua, Rio2 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 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.

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