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RIO2 Virtual Agm Reminder

Shareholder Meetings

RIO2 VIRTUAL AGM REMINDER

For Immediate Release May 10, 2024

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

to remind its shareholders that its forthcoming Annual General and Special Mee�ng of shareholders

(the “Mee�ng” or the “AGM”) will be held on May 15 , 2024, at 11 a.m. ET. This will be an en�rely

virtual Mee�ng to be conducted via live webcast where all shareholders, regardless of geographic

loca�on, will have an equal opportunity to par�cipate online. Shareholders will not be able to atend

the Mee�ng in person.

The �ming and process for vo�ng are described in detail in the No�ce of Availability of Proxy Materials

mailed to shareholders and mee�ng materials available on SEDAR + at www.sedarplus.ca and the

company’s website at www.rio2.com/investors.

VOTING DEADLINE

The vo�ng deadline is 11:00 a.m. (ET) on Monday, May 13, 2024.

PARTICIPATION AT THE MEETING

Registered Shareholders and duly appointed proxyholders can par�cipate in the Mee�ng in real-�me

online at htps://meetnow.global/M99A5DD by clicking “Shareholder” and entering the 15 -digit

Control Number located on the form of proxy. Duly appointed proxyholders can par�cipate in the

Mee�ng by entering an invita�on code provided by Computershare before the start of the Mee�ng.

Vo�ng at the Mee�ng will only be available for Registered Shareholders and duly appointed

proxyholders. Non -Registered Shareholders who have not appointed themselves may atend the

Mee�ng by clicking “Guest” and comple�ng the online form.

Rio2 recommends shareholders log into the webcast at least 10 minutes in advance of the virtual

mee�ng start �me to ensure connec�vity.

Shareholders who have ques�ons about vo�ng their shares or atending the AGM may contact the

Company by email at [email protected].

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

possible b y one of th e me thods d escribed in the pr oxy ma terials for the AG M to ensure that your

shares are represented and voted at the AGM.

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 shortest 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 sustainable

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.

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

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 the responsibility for the adequacy or accuracy of this

release.