RTG Mining Inc. Announces Issue of A$10 million Chess Depository Instruments Under Private Placement

Announcement To the Toronto Stock Exchange and Australian Securities Exchange

SUBIACO, WESTERN AUSTRALIA / ACCESSWIRE / July 12, 2023 / The Board of RTG Mining Inc. ("RTG", the "Company") (TSX Code:RTG)(ASX Code:RTG) is pleased to announce that the Company has successfully completed the issue of 208,893,190 Chess Depository Instruments ("Securities") at a price of A$0.048 per Security to institutional and sophisticated investors pursuant to the private placement announced by the Company on 4 July 2023 ("Private Placement"). Tranche 1 of the Private Placement raised proceeds of circa A$10 million (before costs). 125,808,218 and 83,084,972 Tranche 1 Securities were issued using the Company's placement capacity under ASX Listing Rule 7.1 and 7.1A respectively.

Euroz Hartleys and Foster Stockbroking, together with INTE Securities LLC and M2-Advisors (the "Agents"), acted as Joint Lead Managers to the Private Placement.

Shareholder approval will now be sought at a general meeting to be scheduled in late August 2023, for the issue of Tranche 2 Securities and Attaching Options to Private Placement participants, the details of are in RTG's announcement and Appendix 3B released to ASX on 4 July 2023.

A Notice of Meeting relating to these approvals will be sent to shareholders in due course.

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 having now received a mining permit for the Project, with a view to moving quickly and safely to a producing gold and copper company.

RTG also has a number of exciting new opportunities including the Panguna Project in Bougainville, which it remains committed to while also considering further new business development opportunities.

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 institutional investors as shareholders including Franklin Templeton, Equinox Partners and Sun Valley.

ENQUIRIES

Australian Contact
President & CEO - Justine Magee
Tel: [phone]
Fax: [phone]
Email: [e-mail]

US Contact
Investor Relations - Jaime Wells
[phone]
[e-mail]

COMPLIANCE STATEMENT