Rio2 Sells Non-Core Royalty Package for US$5 Million

VANCOUVER, British Columbia, Nov. 22, 2022 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or “the Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) announces that it has entered into a binding agreement to sell a package of Chilean royalty interests to Osisko Gold Royalties Ltd. (“Osisko”) for aggregate consideration of US$5,000,000 (the “Royalty Sale”). The Royalty Sale provides for the sale of Rio2’s 1.5% royalty on the Anocarire Project and its 1.25% royalty on the Horizonte Project, both located in Chile.

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