RIO2 REPORTS FIRST QUARTER 2026 FINANCIAL RESULTS AND OPERATIONS UPDATE

Rio2 Limited has announced its first quarter 2026 financial results, marking a significant milestone in the company's operational development with the commencement of production activities across its portfolio. The company reported consolidated production of 7,849 ounces for the three-month period ended March 31, 2026, representing the initial output from its flagship Fenix Gold Mine as it enters the critical ramp-up phase.

The quarter's results were bolstered by the strategic acquisition of the Condestable Copper Mine, which closed on January 30, 2026, and began contributing to Rio2's production profile within the reporting period. This acquisition represents a diversification of the company's commodity exposure, adding copper production capabilities to complement its existing gold operations. The integration of Condestable operations demonstrates Rio2's ability to execute on growth initiatives while maintaining operational focus.

The early-stage production from Fenix Gold represents the culmination of extensive development work and positions the mine for continued ramp-up throughout 2026. As both operations mature and optimize their production processes, Rio2 is positioned to benefit from a diversified precious and base metals portfolio. The successful initiation of production at Fenix Gold, combined with the immediate contribution from Condestable, establishes a foundation for the company's growth trajectory in the current commodity cycle.

Looking forward, the company's ability to execute on operational ramp-up at both properties will be critical for achieving full production capacity and realizing the strategic value of its diversified mining portfolio. The Q1 2026 results represent the beginning of Rio2's transition from a development-stage company to an active producer with multi-commodity exposure.