Update ON the Panguna Landowner Consortium’S Proposal Announcement to the Toronto Stock Exchange, Australian Securities Exchange and OTCQB
UPDATE ON THE PANGUNA LANDOWNER CONSORTIUM’S PROPOSAL
ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE,
AUSTRALIAN SECURITIES EXCHANGE AND OTCQB
12 MARCH 2019
The Board of RTG Mining Inc. (“ RTG”, the “ Company”) ( TSX:RTG, ASX:RTG ,
OTCQB:RTGGF) announce s that, a s previously advised the Special Mining Lease
Osikaiyang Landowners Association (“ SMLOLA”), the Landowner Association whose
members are the Customary Owners of the land and mineral resources of the Panguna Mine
(the area of the old EL 01), have nominated RTG as their development partner for Panguna.
A Joint Venture Agreement, consistent with the Bougainville Mining Act (“BMA”) has been
entered into.
The Autonomous Bougainville Government (“ABG”) has advised that they have reje cted a
proposal by SMLOLA and RTG. RTG will consult with SMLOLA as to the steps to be taken
in respect of this development.
ABOUT RTG MINING INC
RTG Mining Inc. is a mining and exploration company listed on the main board of the Toronto
Stock Exchange, the Australian Securities Exchange and the OTCQB Venture Market. RTG
is focused on a proposal with a landowner lead consortium to secure an explorat ion licence
at the high tonnage copper -gold Panguna Project in Bougainville PNG and the high grade
copper/gold/magnetite Mabilo 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. RTG has some o f the most respected
and international institutional investors as shareholders including Franklin Templeton, Sun
Valley, Sprott and Equinox.
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. 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 includ e 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 cooperation of government agencies in the
development of RTG’s mineral projects; the need to obtain additional financing to develop
RTG’s mineral project s; 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 Annua l Information Form for the year ended 31 December 2017 filed with the
Canadian securities regulatory authorities on the SEDAR 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 approp riate
regulatory authority.
US SECURITIES LAWS
This news release shall not constitute an offer to sell or a solicitation of an offer to buy any of
the Company’s securities in the United States. The securities have not been and will not be
registered under the United States Securities Act of 1933, as amended (the “U.S. Securities
Act”), or any state securities laws, and accordingly, may not be offered or sold within the
United States except in compliance with the registration requirements of the U.S. Secu rities
Act and applicable state securities requirements or pursuant to exemptions therefrom.