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Rio2 Limited Announces Senior Management Appointments

TORONTO, Sept. 05, 2017 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSX-V: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 Alejandra and Andrew assumed their new positions with the Company on September 1, 2017.

Alejandra 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 Alejandra has been Corporate Administrator for a number of publicly listed companies.   

Alejandra held various positions at Rio Alto Mining Limited 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.  Alejandra brings extensive experience coordinating corporate compliance with various stock exchanges and securities commissions in Canada, the United States, Europe and South America. 

Andrew Cox is based in Lima, Peru and has over 24 years of experience in mining operations around the world.

Andrew held various positions at Rio Alto Mining Limited 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 Limited by Tahoe Resources Inc. in April 2015, Andrew was the Corporate Operations Manager - Peru until December 2016.

Prior to his involvement with Rio Alto Mining Limited, Andrew managed the Dam Embankment Project at Oceana Gold's Macraes Flat mine and the Alliance Mining contract at the Globe Progress Mine for Stracon New Zealand from 2009 to 2011.  In 2005, Andrew joined mining and civil contractor Stracon GyM in Peru as manager of the El Brocal open pit mining contract until 2009.   Andrew started his career as a production geologist in New Zealand at Solid Energy´s Stockton mine before spending 10 years in alluvial gold mining and exploration in New Zealand, Chile and Bolivia.

Andrew 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 are subject to regulatory approval.

About Rio2

Rio2 is building a multi-asset, multi-jurisdiction, 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.

Through its strategy of acquiring precious metals assets at exploration, development, and operating stages, the executive team will grow Rio2 and create long-term shareholder value through the development of high-margin, strong free-cash-flowing mining operations.

Reader Advisory

Forward-Looking Statements. This news release contains forward-looking statements. More particularly, this document contains statements regarding the Company’s acquisition and exploration strategy and plans. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate", "scheduled", "potential", or other similar words, or statements that certain events or conditions "may", "should" or "could" occur.

The forward-looking statements are based on certain key expectations and assumptions made by the Company, including expectations and assumptions concerning timing of receipt of required regulatory approval and general economic, operational and financing factors. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks.

The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable by the Company at the time of preparation, may prove to be incorrect and readers are cautioned not to place undue reliance on forward-looking information, which speaks only as of the date hereof. The Company does not undertake any obligation to release publicly any revisions to forward-looking information contained herein to reflect events or circumstances that occur after the date hereof or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws.

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.

CONTACT INFORMATION

Alex Black
Chief Executive Officer
alexb@rio2mining.com
416.570.3155

/EIN News/ --