Clarification of Recent Announcement of Kalia Limited Announcement to the Toronto Stock Exchange and Australian Stock Exchange

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES

CLARIFICATION OF RECENT ANNOUNCEMENT OF KALIA LIMITED

ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE

AND AUSTRALIAN STOCK EXCHANGE

17 NOVEMBER 2017

The Board of RTG Mining Inc. (“RTG”, “the Company”) (TSX Code: RTG, ASX Code:

RTG) refer to the recent announcement of Kalia Limited (“Kalia”) dated 16 November

2017 (“Kalia Legal Announcement”). This announcement seeks to clarify any

confusion created by the Kalia Legal Announcement and the actions Central

Exploration Pty Ltd (“Central”) has taken to protect its interests at the old Panguna

Mine in Bougainville.

RTG was named as a party in the actions against Mr Nik Zuks, Mr David Johnston,

Kalia and Kalia Holdings Pty Ltd (“Kalia Holdings”) (now a subsidiary of Kalia) for

alleged breaches of comprehensive non compete and confidentiality clauses in a

Separation Agreement signed in December 2016 by both Mr Zuks and Mr David

Johnston on behalf Kalia Holdings, covering their connected persons and colleagues

they may assist. The Separation Agreement provided that post signing, Kalia

Holdings (a subsidiary of Kalia) would focus on their interests in the North of

Bougainville and Central would focus on the old Panguna Mine in Central

Bougainville and neither party would compete with the other in terms of those

interests and each would respect strict confidentiality undertakings.

Each of those parties have been served with detailed papers setting out the issues at

hand and both Mr Zuks and Mr Johnston provided in open Court, comprehensive

undertakings that they would now refrain from being involved or otherwise directly or

indirectly concerned with any business that competes with or involves the interests of

Central at Panguna or take any action that would be reasonably regarded to cause

detriment to RTG or Central to interfere with the interests at Panguna.

RTG is satisfied with the undertakings now provided by the abovementioned parties

and trust that all relevant parties will respect their legal commitments and obligations

under the Separation Agreement.

ABOUT RTG MINING INC

RTG Mining Inc. is a mining and exploration company listed on the main board of the

Toronto Stock Exchange and Australian Securities Exchange Limited. RTG is focused

on a proposal with a landowner lead consortium to secure an exploration licence at the

high tonnage copper -gold Panguna Project in Bougainville PNG and the high grade

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copper/gold/magnetite Mab ilo Project in the Philippines, while also identifying major

new projects which will allow the Company to move quickly and safely to production.

RTG has an experienced management team which has to date developed seven

mines in five different countries, including being responsible for the development of the

Masbate Gold Mine in the Philippines through CGA Mining Limited, and has B2Gold

as one of its major shareholders in the Company. B2Gold is a member of both the

S&P/TSX Global Gold and Global Mining Indices.

ENQUIRIES

Australian Contact US Contact

President & CEO – Justine Magee Investor Relations – Jaime Wells

Tel: +61 8 6489 2900 +1 970 640 0611

Fax: +61 8 6489 2920

Email: [email protected] [email protected]

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CAUTIONARY NOTE STATEMENT

This announcement includes certain “forward -looking statements” within the meaning

of Canadian and applicable securities legislation. Statement regarding interpretation of

exploration results, plans for further exploration and accuracy of mineral resource and

mineral reserve estimates and related assumptions and inherent operating risks, are

forward-looking statements. Forwa rd-looking statements involve various risks and

uncertainties and are based on certain factors and assumptions. There can be no

assurance that such statements will prove to be accurate, and actual results and future

events could differ materially from thos e anticipated in such statements. Important

factors that could cause actual results to differ materially from RTG’s expectations

include uncertainties related to fluctuations in gold and other commodity prices and

currency exchange rates; uncertainties rel ating to interpretation of drill results and the

geology, continuity and grade of mineral deposits; uncertainty of estimates of capital

and operating costs, recovery rates, production estimates and estimated economic

return; the need for cooperation of gov ernment agencies in the development of RTG’s

mineral projects; the need to obtain additional financing to develop RTG’s mineral

projects; the possibility of delay in development programs or in construction projects

and uncertainty of meeting anticipated pr ogram milestones for RTG’s mineral projects

and other risks and uncertainties disclosed under the heading “Risk Factors” in RTG’s

Annual Information Form for the year ended 31 December 2016 filed with the

Canadian securities regulatory authorities on the S EDAR website at sedar.com. The

forward‐looking statements made in this announcement relate only to events as of the

date on which the statements are made. RTG will not release publicly any revisions or

updates to these forward ‐looking statements to reflect events, circumstances or

unanticipated events occurring after the date of this announcement except as required

by law or by any appropriate regulatory authority.