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RIO2 Limited Announces Grant of Equity Incentive Rewards

Share Capital & Compensation

RIO2 LIMITED ANNOUNCES GRANT OF EQUITY INCENTIVE REWARDS

For Immediate Release August 18, 2025

VANCOUVER, BC - Rio2 Limited (“Rio2” or “the Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces

that it has granted a total of 1, 730,000 restricted share units to executive officers and directors of the

Company. The restricted share units have been granted pursuant to the Company’s Share Incentive Plan and

are subject to vesting provisions.

Rio2 also announces that it has granted a total of 400,000 stock options (the “Options”), pursuant to the

Company’s Stock Option Plan, to certain executive officers. The Options are exercisable at a price of C$1.84

per share (based on a 10% premium over the closing price of C$1.67 on August 15, 2025) and will expire five

years from the grant date.

ABOUT RIO2 LIMITED

Rio2 is a mining company with a focus on development and mining operations with a team that has proven

technical skills as well as successful capital markets track record. Rio2 is focused on taking its Fenix Gold

Project in Chile to production in the short est possible timeframe based on a staged development strategy.

Rio2 and its wholly owned subsidiary, Fenix Gold Limitada, are companies with the highest environmental

standards and responsibility with the firm conviction that it is possible to develop mining projects that respect

the three pillars (Social, Environment, Economics) of responsible development. As related companies, we

reaffirm our commitment to apply environmental standards beyond those that are mandated by regulators,

seeking to protect and preserve the environment of the territories that we operate in.

Forward-Looking Statements

All statements included herein, other than statements of historical fact, may be forward- looking information

and such information involves various risks and uncertainties. Forward- looking information is often, but not

always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”,

“may”, “will”, “project”, “predict”, “potential”, “targeting”, “intend”, “could”, “might”, “should”, “believe”

and similar expressions. Forward-looking statements included in this news release are made as of the date of

this news release and such information should not be relied upon as representing its views as of any date

subsequent to the date of this news release. Rio2 has attempted to identify important factors that could cause

actual results, performance or achievements to vary from those current expectations or estimates expressed

or implied by the forward -looking information. However, there may be other factors that cause results,

performance or achievements not to be as expecte d or estimated and that could cause actual results,

performance or achievements to differ materially from current expectations. Rio2 disclaims any intention or

obligation to update or revise any forward-looking statements, whether as a result of new information, future

events or otherwise, except as expressly required by applicable securities legislation.

To learn more about Rio2 Limited, please visit: www.rio2.com or Rio2's SEDAR+ profile at

www.sedarplus.ca.

ON BEHALF OF THE BOARD OF RIO2 LIMITED

Alex Black

Executive Chairman of the Board

Email: [email protected]

Tel: +51 99279 4655

Kathryn Johnson

Executive Vice President, CFO & Corporate Secretary

Email: [email protected]

Tel: +1 604 762 4720

Neither 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.