Rio2 Limited (“ Rio2” or the “Company ”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) wishes to remind its shareholders that due to the continuing public health impact of the COVID -19 pandemic, and having regard to the health and safety of the Company's employees and shareholders as well as public health

RIO2 REMINDS SHAREHOLDERS OF VIRTUAL AGM - JUNE 25, 2020

For Immediate Release June 22, 2020

Rio2 Limited (“ Rio2” or the “Company ”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) wishes to remind its

shareholders that due to the continuing public health impact of the COVID -19 pandemic, and having

regard to the health and safety of the Company's employees and shareholders as well as public health

guidelines to limit gatherings of people, the 2020 AGM will be a virtual event.

The Annual General and Special Meeting of Shareholders will be held on June 25, 2020 at 10 a.m. EST

and it will be conducted by way of a live audio and video webcast. The timing and process for voting

is d escribed in detail in the Notice of Availability of Proxy Materials mailed to shareholders and

meeting materials available on SEDAR at www.sedar.com and on the company’s website at

www.rio2.com/investors.

Registered shareholders and duly appointed proxyholders will be able to attend the AGM, ask

questions and vote, all in real time online at https://web.lumiagm.com/241677835 by entering the

15-digit Control Number provided in their meeting materials, and the password " rio2020" (case

sensitive). Non -registered (beneficial) shareholders (being shareholders who hold their common

shares through a broker, investment dealer, bank, trust company, custodian, nominee or oth er

intermediary) who have not duly appointed themselves as proxyholder will be able to attend the AGM

at the link above as guests, but will not be able to vote or ask questions at the meeting. Rio2

recommends shareholders log into the webcast at least 10 minutes in advance of the virtual meeting

start time to ensure connectivity.

Shareholders who have questions about voting their shares or attending the AGM may contact

Investor Relations by telephone at (604) 260-2696 ext. 101, by toll-free telephone at 1 877 359-0906

or by email at [email protected]

Your vote is important. Whether or not you plan to virtually attend the AGM, please vote as soon as

possible by one of the methods described in the proxy materials for the AGM to ensure that your

shares are represented and voted at the AGM. Proxies must be received by no later than 10:00 a.m.

EST on June 23, 2020.

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 a successful capital markets track record. Rio2 is focused on taking its

Fenix Gold Project in Chile to production in the sho rtest possible timeframe based on a staged

development strategy. In addition to the Fenix Gold Project in development in Chile, Rio2 Limited

continues to pursue additional strategic acquisitions where it can deploy its operational excellence

and responsible mining practices to build a multi- asset, multi-jurisdiction, precious metals company

focused in the Americas.

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

www.sedar.com.

ON BEHALF OF THE BOARD OF RIO2 LIMITED

Alex Black

President, CEO & Director

Email: [email protected]

Tel: 1 (604) 260-2696

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this

release.