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RIO2 COMMENCES COMMISSIONING OF CONDESTABLE TAILINGS FILTRATION FACILITY

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RIO2 COMMENCES COMMISSIONING OF CONDESTABLE TAILINGS FILTRATION FACILITY

Executive Summary

Rio2 Limited has initiated the commissioning phase of its new Tailings Filtration Facility at the Condestable Copper Mine in Peru, marking a significant operational advancement for the company. The facility represents the culmination of an 18-month construction program and substantial capital investment, enabling the transition to dry-stack tailings technology at the recently acquired copper operation.

The implementation of dry-stack tailings technology represents a meaningful upgrade to the mine's operational infrastructure and environmental profile. This technology eliminates the need for traditional wet tailings storage facilities, reducing water usage and environmental risk while potentially improving recovery rates and operational efficiency. The successful commissioning of this facility positions Condestable as a more modern and sustainable copper operation.

For Rio2, this milestone demonstrates the company's commitment to implementing best-practice mining technologies at its acquired assets. The completion of this major infrastructure project enhances the operational foundation of Condestable and should contribute to improved production metrics and reduced operational risks. This development comes as copper demand remains strong globally, positioning Rio2 to capitalize on favorable market conditions.

The successful commissioning of the TFF represents a critical step in Rio2's integration and optimization of the Condestable operation. With this major infrastructure project now operational, the company can focus on maximizing production efficiency and exploring further operational improvements at the property.
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Press Release

For Immediate Release April 22, 2026 VANCOUVER, BC – Rio2 Limited (“Rio2” or the “Company”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) announces commencement of the commissioning phase for the new Tailings Filtration Facility (“TFF”) at its newly acquired Condestable Copper Mine (“Condestable”) in Peru. The transition to dry-stack tailings provided by the new TFF represents a major operational milestone, following an 18-month construction period and a total capital investment of approximately USD...

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