RTG Mining Inc. Announces Issue of a $3.8 Million Chess Depository Instruments Under Tranche 2 of Private Placement

ANNOUNCEMENT TO THE TORONTO STOCK EXCHANGE AND AUSTRALIAN SECURITIES EXCHANGE

Not for release to US wire services or distribution in the United States

SUBIACO, WESTERN AUSTRALIA / ACCESSWIRE / September 8, 2023 / The Board of RTG Mining Inc. ("RTG", the "Company") (TSX:RTG)(ASX:RTG) is pleased to announce that it has successfully completed the issue of 81,037,020 Chess Depository Instruments ("Securities") at a price of A$0.048 per Security to institutional and sophisticated investors under Tranche 2 of the private placement announced by the Company on 4 July 2023 ("Private Placement").

Tranche 2 of the Private Placement raised proceeds of circa A$3.8 million (before costs).

In addition, the Company issued 193,286,828 free attaching unlisted options pursuant to the Private Placement ("Attaching Options"). Two (2) Attaching Options were issued for every three (3) Securities issued, exercisable at 7.5c with a 12 month expiry from the date of issue.

A Notice of Meeting to approve Tranche 2 of the Private Placement was sent to shareholders on 2 August 2023. Shareholders approved Tranche 2 at the Extraordinary General Meeting on 31 August 2013.

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

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

Justine Magee
President & CEO
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Email: [e-mail]

Jaime Wells
US Investor Relations Contact
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