The Mabilo Project IN the Philippines Granted a Mining Licence Announcement to the Toronto Stock Exchange and Australian Securities Exchange

THE MABILO PROJECT IN THE PHILIPPINES GRANTED A MINING LICENCE

ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE

AND AUSTRALIAN SECURITIES EXCHANGE

29 MAY 2020

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

to announce that Mt. Labo Exploration and Development Corporation (“Mt. Labo”), which holds the high

grade Mabilo Project in the Philippines, recently received written confirmation that the Mines and

Geosciences Bureau (“MGB”) has now approved the expansion of the current Mineral Production Sharing

Agreement No. MLC-MRD-459 for the Nalesbitan Project to include the Mabilo Project, being the subject

of an approved Declared Mine Feasibility Study and Environmental Clearance Certificate.

Mt. Labo has been working closely over an extended period with the MGB to secure this important

milestone for the project and is deeply appreciative of the considerable effort and support provided by the

MGB.

ABOUT RTG MINING INC

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

Exchange and the Australian Securities Exchange. RTG is currently focused primarily on progressing the

Mabilo Project to start -up with permitting well advanced, to move quickly and safely to a producing gold

company.

RTG also has a number of exciting new opportunities but during these uncertain times primary focus is on

the Mabilo Project.

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. RTG has some of the most respected international investors as shareholders

including Franklin Templeton, Equinox Partners and Sun Valley.

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]

COMPLIANCE STATEMENT

Date: 29 May 2020

Authorised for release by: By the Board of Directors

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

The Toronto Stock Exchange has not reviewed nor does it accept responsibility for the accuracy or

adequacy of this press release, which has been prepared by management.

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

securities legislation including, among others, statements made or implied relating to the interpretation of

exploration results, accuracy of mineral resource and mineral reserve estimates, parameters and

assumptions used to estimate mineral reserves and mineral resources, realization of mineral reserve and

mineral resource estimates, estimated economic results of the Mabilo Project, future operational and

financial results, including estimated cashflow and the timing thereof, estimated expenditures, expansion,

exploration and development activities and the timing thereof, including expectations regarding the DSO,

plans for progressing Stage 2 development, completion of a debt funding package, the negotiation of

contracts for start up works and offtake arrangements and the completion of merged documentation, RTG’s

objectives, strategies to achieve those objectives, RTG’s beliefs, plans, estimates and intentions, and

similar statements concerning anticipated future events, results, circumstances, performance or

expectations. All statements, other than statements of historical fact, included herein, are forward -looking

statements. Forward looking statements generally can be identified by words such as “objective”, “may”,

“will”, “expected”, “likely”, “intend”, “estimate”, “anticipate”, “believe ”, “should”, “plans”, or similar

expressions suggesting future outcomes or events. 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 materially from those

anticipated in such statements. Important factors that could cause actual results to differ materially from

RTG’s expectations include uncertainties related to fluctu ations 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 ra tes,

production estimates and estimated economic return; the need for cooperation 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 de velopment programs or in construction projects and

uncertainty of meeting anticipated program milestones for RTG’s mineral projects and other risks and

uncertainties as discussed in RTG’s annual report for the year ended December 31, 2019 and detailed

from time to time in our other filings with the Canadian securities regulatory authorities available at

www.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.

QUALIFIED PERSON AND COMPETENT PERSON STATEMENT

The information in this release that relates to exploration results at the Mabilo Project is based upon

information prepared by or under the supervision of Robert Ayres BSc (Hons), who is a Qualified Person

and a Competent Person. Mr Ayres is a member of the Australian Institute of Geoscientists. 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 qua lify 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 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 release of the matte rs based on his information in the form and the context in which it

appears.

The information in this release that relates to Mineral Resources is based on information prepared by or

under the supervision of Mr Aaron Green, who is a Qualified Person and Competent Person. Mr Green is

a Member of the Australian Institute of Geoscientists and is employed by CSA Global Pty Ltd, an

independent consulting company. Mr Green has sufficient experience that is relevant to the style of

mineralisation and type of deposit under consideration and to the activity which he is undertaking 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 “Qu alified Person” under

National Instrument 43 -101 – Standards of Disclosure for Mineral Projects (“NI 43 -101”). Mr. Green has

verified the data disclosed in this release, including sampling, analytical and test data underlying the

information contained in the release. Mr Green consents to the inclusion in the release of the matters based

on his information in the form and context in which it appears.

The information in this release that relates to Mineral Reserves and Mining is based on information

prepared by or under the supervision of Mr Carel Moormann, who is a Qualified Person and Competent

Person. Mr Moormann is a Fellow of the AusIMM and is employed by Orelogy Consulting, an independent

consulting company. Mr Moormann has sufficient experience that is relevant to the type of deposit under

consideration and to the activity which he is undertaking 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 Moormann has verified the data disclosed in this release,

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

Moormann consents to the inclusion in the release of the matters based on his information in the form and

context in which it appears.

The information in this release that relates to Metallurgy and Processing is based on information prepared

by or under the supervision of David Gordon, who is a Qualified Person and Competent Person. David

Gordon is a Member of the Australasian Institute of Mining and Metallurgy and is employed by Lycopodium

Minerals Pty Ltd, an independent consulting company. David Gordon has sufficient experience that is

relevant to the type of process under consideration and to the activity which he is undertaking 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”). David Gordon has verified

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

contained in the release. David Gordon consents to th e inclusion in the release of the matters based on

his information in the form and context in which it appears.

The information in this release that relates to areas outside of exploration results, Mineral Resources,

Mineral Reserves and Metallurgy and Pr ocessing is based on information prepared by or under the

supervision of Mark Turner, who is a Qualified Person and Competent Person. Mark Turner is a Fellow of

the Australasian Institute of Mining and Metallurgy and is employed by RTG Mining Inc, the Comp any.

Mark Turner has sufficient experience that is relevant to the information under consideration and to the

activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the

“Australasian Code for Reporting of Explor ation 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”). Mark Turner has verified the data disclosed in this release. Mark Turne r consents

to the inclusion in the release of the matters based on his information in the form and context in which it

appears.

For the ASX Feasibility Study announcement including JORC tables please refer to the RTG Mining

website (www.rtgmining.com) and on the ASX, under announcements (www.asx.com.au).