RTG MINING SH CH DP 1 ORD - RTGGF STOCK NEWS

RTG Mining Inc. (RTG) provides an update on recent exploration activities at its 90% owned Chanach Gold & Copper Project in the Kyrgyz Republic. The results confirm multiple styles of mineralization and encouraging gold and copper grades along 6.5km of skarns and new structures. High-grade trench sampling assays include 17m @ 5.13g/t Au and 0.78% Cu, demonstrating clear potential for a high-grade, large Copper-Gold Porphyry Skarn system, combined with a high-grade epithermal gold system. The Mabilo Project in the Philippines continues to advance on-track, with budgets for the Stage 1 Direct Shipping Operation being finalized and discussions with financiers expected to recommence early in 2024.

RTG Mining provides update on exploration activities at Chanach Gold & Copper Project

RTG Mining Inc. completes issue of Securities at A$0.048 per Security, raising circa A$3.8 million in Tranche 2 of Private Placement.

RTG Mining provides update on progress with the Mabilo Project in the Philippines. RTG holds a 40% interest in the project, with TVIRD holding the remaining 60%. RTG will have a 2% NSR on the project and have $27M of debt repaid from Stage 1 production proceeds. The recent project development meeting with TVIRD is seen as a key turning point, shifting focus to operational matters. The Management Committee will hold meetings every two weeks to advance development plans. Mr. Edsel Abrasaldo is appointed to manage the technical aspects of the project.

RTG Mining Inc. has announced the completion of the final documentation for the settlement of all outstanding issues with Sage Capital and TVI Resource Development. All litigation has been withdrawn and settled in full, allowing the company to focus on the development of the Mabilo Project.

The Board of RTG Mining Inc. has announced the appointment of Mr. Kenneth Caruso to its Board of Directors, filling the vacancy left by the retirement of Mr. David Cruse. Caruso brings over 40 years of legal experience, including roles as a partner at White & Case and as an Assistant U.S. Attorney. His expertise will support the development of RTG's Mabilo Project in the Philippines. The company is also focused on advancing other opportunities like the Panguna Project, having recently received a mining permit for Mabilo, indicating a move towards establishing production.

RTG Mining Inc. (RTGGF) announced the lifting of a four-year ban on open-pit mining by the Philippines' Department of Environment and Natural Resources (DENR) through Department Administrative Order No. 2021-40, signed on December 23, 2021. This move is aimed at revitalizing the mining industry, promising economic benefits and job opportunities. RTG's Mabilo Project aligns with the DENR's standards for sustainable mining, expected to stimulate local economic growth. The company also indicates a focus on advancing this project while exploring other opportunities like the Panguna Project in Bougainville.

RTG Mining Inc. has successfully completed a private placement, issuing approximately 156.3 million Chess Depository Instruments at A$0.09 each, raising around US$10 million before costs. The placement targeted institutional and sophisticated investors, with lead managers Euroz Hartleys and Foster Stockbroking. Shareholder notice for director participation will follow. RTG is focused on advancing the Mabilo Project, having recently received a mining permit, while also exploring new opportunities like the Panguna Project. The press release includes forward-looking statements about market risks and project uncertainties.