RTG.TO · 2017-04-18 12:00:00

RTG Announces High Grade Intercepts and New Style of Mineralisation at Bunawan Project Announcement to the Toronto Stock Exchange and Australian Securities Exchange

Drill Results

Level 2, 338 Barker Road

Subiaco WA 6008

Phone: +61 8 6489 2900

www.rtgmining.com

ABN: 70 164 362 850

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES

RTG ANNOUNCES HIGH GRADE INTERCEPTS AND NEW STYLE OF MINERALISATION AT

BUNAWAN PROJECT

ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE

AND AUSTRALIAN SECURITIES EXCHANGE

18 APRIL 2017

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

announces the results of the diamond drilling program at the Bunawan Project in the Philippines

including intercepted high grade mineralization intervals, with 9.0m @ 2.02/t Au.

Drillhole From To Intercept (m) Au g/t Mineralisation

Core

Recovery (%)

BDH10 62.00 64.00 2.00 2.94 Diatreme Breccia 100.00

and 163.40 167.00 3.60 4.58 Diatreme Breccia 100.00

BDH12 108.00 111.00 3.00 1.05

Diatreme Breccia /

Andesite 100.00

BDH14 262.00 264.15 2.15 2.16 Andesite 100.00

BDH15 39.00 48.00 9.00 2.02 Dacite 90.00

including 44.00 48.00 4.00 2.85 Dacite 92.00

and

including 45.00 48.00 3.00 3.43 Dacite 92.00

and

including 45.00 46.00 1.00 6.78 Dacite 75.00

Table 1- Significant Down-hole Intersections (Note that the true width of the mineralization is

not known at this stage)

The results of this program further confirm the presence of breccia/epithermal vein systems within

and below the diatreme that is similar geologically to the nearby Co -O vein system . The discovery

of a favorably mineralized dacite host in BDH15 that is geologically similar to the nearby high-grade

artisanal m ining area also adds to the increased mineral potential of the property. Hydrothermal

alteration assemblage in the dacite sugges ts that it may be a component of a high -sulphidation

system in the general area. With the various geological conditions identified, the region has the

potential to see another major gold discovery.

Page 2 of 14

Drilling Program

Figure 1. Geological Map showing locations of completed drill holes and artisanal gold workings. Holes of latest

program marked in green

This second phase of reconnaissance drilling (six holes for 1,798.6 meters) was targeted at Induced

Polarization responses coincident with magnetic low signatures and anomalous surface gold

geochemistry. Targets also included extensions of previously identified mineralization/geology. Holes

BDH-10, BDH-11 and BDH -12 were targeted at geophysical responses, whilst holes BDH -13, BDH-

14 and BDH -15 tested extensions of mineralization/geology. Geological mapping and comparison

with diatreme -related mineralisation which is common in the Philippines also provided guidance in

drill hole targeting.

Drilling continued to investigate the extent of mineralization along a corridor marked by artisanal

workings on the southern margin of the Mahunoc diatreme complex. Significantly BDH-10 and BDH-12

has added mineralized continuity about the center of the corridor where previous drilling BDH -06

intercepted 36m @ 1.49g/t including 7m @ 4.18g/t Au (ASX release Feb 2015).

At shallow depths BDH15 intersected a new, previously not seen, style of mineralisa tion characterized

by vuggy silica in intensely silicified dacite. This represents a new style of gold deposition in the

Mahunoc prospect and is similar to the nearby artisanal Red Mountain bonanza -style gold-quartz vein

system.

The drilling has emphasized the significant potential of the area and further confirmed that the

mineralised corridor on the southern margin of the diatreme (marked by extensive shallow artisanal

Page 3 of 14

workings in the diatreme and a coincident, district scale structural zone), is a highly prospective target

area.

BDH-10 intercepted two (2) silicified zones hosted within the diatreme breccia. This style of

mineralization is similar to that intercepted in previous drilling and provided further validation of the

geophysical method with mineralization correlating with resistivity & chargeability anomalism.

BDH-11 intersected several zones containing narrow white vuggy quartz -calcite-pyrite veinlets

associated with later-formed rhodonite crystals. No significant gold mineralization was intersected,

however, a review of lithology and structures encountered in early interpretations suggest that this

drill hole may have missed the targeted structure.

BDH-12 intercepted mineralization in a brecciated andesite with interstitial quartz -calcite. This

crackled zone in andesite is significant as it shows the potential fo r more mineralization styles in the

property. End of hole was at 151.40m and failed to reach the target depth due to downhole conditions

associated with a major fault zone.

BDH-13 intersected a 56 m wide zone of fracture -filled / cross -cutting calcite -quartz with colloidal

silica and grey quartz bands; this is geologically beneath the Pocloy mineralized breccia pipe

workings.

BDH-14 intercepted mineralization in the andesite lava underneath the Imbudo artisanal gold

workings. The m ineralization is characterized by cross-cutting white vuggy calcite -quartz and dark

grey quartz veinlets with ± pyrite ± chalcopyrite ± galena ± sphalerite selvages. This zone represents

the projected extension of supergene-enriched narrow gold-bearing veinlets at Imbudo workings. The

intercept demonstrates that the Imbudo system persists at depth and is characterized by base metal

associated mineralization, supporting further base metal anomalism targeting campaigns within the

prospect.

BDH-15 intercepted intensely silicified dacite with vuggy silica. The dacite lies between the diatreme

breccia and the andesite lava. A quartz -calcite stockwork zone in andesite was also intercepted

towards the bottom of the hole. Mineralisation in this dacite i s dissimilar from that intersected during

the first phase reconnaissance drilling program. In that program, mineralized silicified zones were

found hosted in diatreme breccia interpreted to have been introduced into porous clast -rich zones

within the diatr eme from structurally controlled epithermal vein zones in the andesite below the

diatreme apron such as that intersected in BDH 08. The mineralization in dacite intersected by

BDH15 represents an additional style of gold deposition found in the Mahunoc pro spect area and is

similar to the nearby Red Mountain bonanza -style gold -quartz vein mineralization hosted also in

dacite. The intercept is very exciting as it shows the existence of an additional favorable epithermal

system and host rock located within the property. It should be further targeted in future drilling

programs.

Page 4 of 14

Figure 2. BDH15 & BDH10 interpretive geological cross-section

ABOUT BUNAWAN

The Bunawan Property is located in the east of Mindanao Island in Agusan del Sur province,

approximately 190 km north-northeast of Davao and adjacent to the Davao – Surigao highway.

The Bunawan Project (Figure 3) is centered on a diatreme intrusive complex (Mahunoc di atreme)

approximately five km NE of Medusa Mining’s Co-O mine in eastern Mindanao. Historical production

at the Co-O Mine has demonstrated a significant high grade gold system and there is active artisinal

mining throughout the region which further reinforces the gold potential of the area. A number of the

artisanal mining operations occur within and adjacent to the Mahunoc diatreme and the area is highly

prospective for the discovery of economic epithermal Au -Ag mineralisation of intermediate

sulphidation / carbonate-base metal type.

The ground magnetics and mapping suggest that the southern margin of the diatreme is a relatively

flat-lying apron shallowly overlying andesite wall rock and that Au mineralisation in the diatreme within

the “mineralised corridor“ is derived from veins in the structural zone in the underlying andesite.

Page 5 of 14

Figure 3. Location Plan with Regional Geology Showing

Page 6 of 14

DRILL HOLE INFORMATION

Six holes were drilled for 1,798.6 meters as documented in the table below and shown

in Figure 1.

Hole Easting Northing Elevation Azimuth Dip Depth

DH-10

77946

6629

21.1

DH-11

77850

6560

36.1

DH-12

78412

6884

51.4

DH-13

78370

6640

90.0

DH-14

78199

6600

00.0

DH-15

77980

6512

00.0

Table 2. Drill Hole co-ordinates (WGS84, 52 N) and orientation

QUALIFIED PERSON AND COMPETENT PERSON STATEMENT

The information in this report relating to Exploration Targets, Exploration Results, Mineral Resources

or Ore Reserves is based on information provided to Robert Ayres BSc (Hons) , a Competent Person

who is Member of the Australian Institute of Geoscientist s. Mr Ayres has sufficient experience that is

relevant to the style of mineralisation and type of deposit under consideration and to the activity being

undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code

for Reporting of Exploration Results, Mineral Resources and Ore Reserves” and to qualify as a

“Qualified Person” under National Instrument 43 -101 – Standards of Disclosure for Mineral Projects

(“NI 43-101”). Mr. Ayres consents to the inclusion in the report of the matters based on his information

in the form and the context in which it appears. Mr. Ayres has verified the data disclosed in this

release, including sampling, analytical and test data underlying the information contained in the

release. Mr. Ayres consents to the inclusion in the report of the matters based on the information he

has been provided and the context in which it appears.

ABOUT RTG MINING INC

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

Exchange and Australian Securities Exchange Limited. RTG is focused on developing the high grade

copper/gold/magnetite Mabilo Project and advancing exploration on the highly prospective Bunawan

Project, both 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 (previously responsible for the development of the

Masbate Gold Mine in the Philippines through CGA Mining Limited), and has B 2Gold 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.

Page 7 of 14

ENQUIRIES

Australian Contact

President & CEO – Justine Magee

Tel:

+61 8 6489 2900

Fax:

+61 8 6489 2920

Email: [email protected]

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

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

securities legislation. Accuracy of mineral resource and mineral reserve estimates and related

assumptions and inherent operating risks, are forward -looking stat ements. Forward -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 materia lly from those 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 relating 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 coope ration of government 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 program 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

2013 filed with the Canadian securities regulatory authorities on the SEDAR website at sedar.com.

Page 8 of 14

Appendix 1: JORC Code 2012 Edition Table 1

Section 1 Sampling Techniques and Data

Criteria Explanation Commentary

Sampling

techniques

Nature and quality of sampling (e.g. cut

channels, random chips, or specific

specialised industry standard measurement

tools appropriate to the minerals under

investigation, such as down hole gamma

sondes, or handheld XRF instruments, etc).

These examples should not be taken as

limiting the broad meaning of sampling.

The data repor ted is based on sampling of Diamond Drill

core of PQ and HQ diameter. The core was split with a

diamond core saw and half core samples of 1 metre

length or less sent for analysis by an independent ISO

certified laboratory (Intertek Testing Services Philipp ines,

Inc.) in Manila.

Include reference to measures taken to

ensure sample representivity and the

appropriate calibration of any measurement

tools or systems used.

The drilling was reconnaissance in nature and no field

duplicates or certified reference standards (CRM) were

submitted. The laboratory which analysed the samples

conducted extensive check sampling as part of their own

internal QA processes which was repor ted in the assay

sheets.

For the 197 samples submitted Intertek conducted 15

Second Sample analyses (from second splits of the

coarse crushed sample prior to pulverising) and 32

Repeat Sample analyses (a separate split and digest /

Fire assay from the pulverised material) in addition to 1

assays of their own blank material and 36 assays of CRM

standards. The results indicate acceptable accuracy and

repeatability.

Aspects of the determination of

mineralisation that are Material to the Public

Report. In cases where ‘industry standard’

work has been done this would be relatively

simple (e.g. ‘reverse circulation drilling was

used to obtain 1 m samples from which 3

kg was pulverised to produce a 30 g charge

for fire assay’). In other cases more

explanation may be required, such as

where there is coarse gold that has inherent

sampling problems. Unusual commodities

or mineralisation types (e.g. submarine

nodules) may warrant disclosure of detailed

information.

Diamond drill core of PQ and NQ diameter were cut in half

and half core samples submitted to the Laboratory.

Sample intervals were one metre or less. Samples were

crushed and pulverized (95%<75 um). Gold was analysed

by 50 g Fire assay/AAS and Ag, Cu, Pb, Zn and As by

AAS. Residual half core has been retained for reference

and future metallurgical test work . Coarse rejects and

pulps will be retrieved from the laboratory and stored for

future reference and umpire assays.

Drilling

techniques

Drill type (e.g. core, reverse circulation,

open-hole hammer, rotary air blast, auger,

Bangka, sonic, etc.) and details (e.g. core

diameter, triple or standard tube, depth of

diamond tails, face -sampling bi t or other

type, whether core is oriented and if so, by

what method, etc.).

Drilling was by PQ HQ and NQ diameter, triple tube

diamond core. The hole collars were surveyed (GPS) but

down hole orientation surveys were not conducted and

the core was not orientated.

Drill sample

recovery

Method of recording and assessing core

and chip sample recoveries and results

assessed.

Core recovery was initially measured on site by trained

technicians and again in the core shed by the core shed

geologist. Any core loss is measured, the percentage

calculated and both are recorded in the Geotech log. In

instances where core breaks off bef ore the bottom of the

hole leading to “apparent poor recovery” followed by a

core run of > 100 % recovery the adjustment is made in

the records. The core recoveries in the six holes drilled

were excellent with all holes individually averaging greater

than 95% and the combined average of all six holes being

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