RIO2 ANNOUNCES RECEIPT OF SECOND DEPOSIT OF US$25 MILLION FROM FENIX GOLD STREAM

Rio2 Limited has received the second deposit of US$25 million from its Fenix Gold Stream arrangement, marking continued progress in the company's streaming financing structure. The receipt of this second tranche demonstrates the ongoing commitment from the streaming partner and provides Rio2 with additional capital for its operations.

The Fenix Gold Stream represents a strategic financing mechanism that allows Rio2 to access capital while maintaining operational control of its assets. Streaming agreements have become increasingly popular in the mining sector as they provide upfront capital in exchange for future metal deliveries at predetermined prices, offering an alternative to traditional debt or equity financing.

This deposit follows the initial funding under the streaming arrangement and indicates the systematic drawdown of committed capital as operational milestones are met. For Rio2, this funding provides financial flexibility to advance its gold projects and operations without diluting existing shareholders through additional equity raises.

The successful receipt of this second deposit reinforces investor confidence in Rio2's operational capabilities and the viability of its gold assets. As gold prices remain elevated and mining companies seek diverse financing options, streaming arrangements like the Fenix Gold Stream continue to play an important role in project financing across the sector.