Rio2 Ltd. today provides an update on progress made at Rio2's 100% owned Fenix Gold Project currently under construction in the Atacama Region, Chile. At the end of Q2 2025, construction was 41% complete and remains on track and on budget for first gold production in January 2026. CONSTRUCTION UPDATE Construction highlights for the nine months from October 1, 2024, to June 30, 2025, are as follows, with all amounts expressed in US dollars: Health & Safety - A total of 1,270,141 person-hours have been worked on the Project to date, with one Lost Time Incident for a finger injury, resulting in a Lost Time Incident Frequency Rate of 0.79. The Total Incident Frequency Rate for the Project as of June 30, 2025, was 6.30. Budget - Total spend to date since October 2024 of $56.4 mill...