Rio2 Reports Q2 2026 Financial and Operating Results and Webinar

VANCOUVER, British Columbia, Aug. 13, 2026 (GLOBE NEWSWIRE) — Rio2 Limited (“ Rio2 ” or “ the Company ”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) reports financial results for the three months ended June 30, 2026, including operational updates for the Fenix Gold Mine (“ Fenix Gold ”) and the Condestable Copper Mine (“ Condestable ”). Rio2’s consolidated production for the quarter totaled 13,539 ounces of gold, 75,437 ounces of silver, and 9,296,883 pounds of copper. All financial information in this press release is reported in U.S. dollars unless otherwise indicated.

Andrew Cox, President and Chief Executive Officer of Rio2, stated: “Q2 2026 was the second quarter of ramp-up for Rio2 at Fenix Gold, supported by steady production and cash flows from Condestable. At Fenix Gold, operational performance continued to improve during the quarter with more work areas opened, more people employed and the arrival of the principal mining contractor’s mining equipment, all of which we anticipate will make a meaningful impact to productivities and costs during Q3. As expected, production numbers improved over Q1 and the mine plan has been adjusted to recover production that was not previously achieved. Unusually cold temperatures and snowfall in Q2 presented challenges for the onsite team, but it was a good lead-in to the coming winter months. At Condestable, operations continued to deliver to plan. The integration process continues to advance well and is expected to be complete in early Q4.”

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Alex Black, Executive Chairman of Rio2, stated: “Peru and Chile are currently in the midst of one of the strongest El Niños ever recorded. This weather event began to impact gold production at the Fenix Gold mine late in Q2 with significant localized snowstorms accompanied by extremely low temperatures, which continued into July and August. Our priority during these storms has been the safety of our people. Mining operations were halted when necessary, and we are evaluating the impact of these events to gold production and the ramp-up. The operations team at Fenix Gold is doing a great job handling the weather challenges, maintaining pad leaching, continuing operation of the processing plant, and systematically addressing key ramp-up constraints. Condestable, on the other hand, is not experiencing the same weather impacts due to its close proximity to the coast and its low-altitude location.”

Operational and financial results for the Condestable Mine in this press release are presented for the period of January 30, 2026 (acquisition date) to June 30, 2026.