Rio2 Desalinated Water Update for Expansion of the Fenix Gold Mine

VANCOUVER, British Columbia, Sept. 24, 2025 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or “the Company”) (TSX: RIO; OTCQX: RIOFF; BVL: RIO) announces today that following comprehensive and exhaustive due diligence and negotiations, Rio2’s Chilean subsidiary, Fenix Gold Limitada (“Fenix Gold”), has signed two separate memorandum of understandings (an “MOU”) with two companies that have desalinated water distribution facilities located in the Copiapo area, to undertake studies for the potential supply of desalinated water to the Fenix Gold Mine located in the Atacama Region, Chile. The studies will evaluate the potential expansion of their desalination facilities at operating plants and constructing a pipeline and associated infrastructure from their distribution facilities in Copiapo.

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