RIO2 PAYS DOWN CONDESTABLE DEBT AND MAKES MANAGEMENT APPOINTMENTS

For Immediate Release April 1, 2026 VANCOUVER, BC – Rio2 Limited (“ Rio2 ” or the “ Company ”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) announces that on March 27, 2026, it made a voluntary payment of US$20 million, plus accrued interest, on the Vendor Debt placed in connection with the acquisition of its Condestable Copper Mine (“ Condestable ”).   In connection with the acquisition of Condestable, Rio2 agreed to deliver to the vendor, Southern Peaks Mining L.P. (“ SPM ”) (i) a secured promissory...