RTG Announces Significant Milestones at Mabilo

Subiaco, Western Australia (FSCwire) - RTG Mining Inc. (“RTG”, “the Company”) (TSX Code: RTG, ASX Code: RTG) is pleased to announce the fruition of 18 months of detailed work with the Mines and Geosciences Bureau (“MGB”) and Department of Environment and Natural Resources (“DENR”) resulting in an endorsement of the Mabilo Project, with the issue of both the ECC, which sets out the operating and environmental conditions for the Mabilo Project in the Philippines, together with a renewal of the Exploration Permit, EP-014-2013-V (“EP”).  This is consistent with the MGB’s statement on 21 January 2016 to erase the exploration permit backlog by June 30^th.

A binding Heads of Agreement has also been signed between the joint venture partners on the Mabilo Project, resolving all open points between the parties. The parties have agreed to drop all actions in connection with an earlier request for co-permittee status and incorporate the joint venture through Mt. Labo, with all parties working jointly and co-operatively to advance the development and operation of the Mabilo Project.

With the renewal of the EP, we are now positioned to advance the exploration programs with the initial holes designed to convert inferred material already falling within the pit designs, and test the new interpretative work done which highlights significant potential for a porphyry between the South and South East Mineralized Zones.

Goldman Sachs Group Inc. said recently that the proposals of the new Administration, led by the President elect, Mr Duterte, could further brighten the already positive macroeconomic ‎outlook for the Philippines (Bloomberg.com June7, 2016). If correct, this will be an added boost for an economy already viewed as one of the world's best performers, with growth exceeding China's in the first quarter, at 6.9% (with gains in industry of 8.7% and service sector growth of 7.9%).

ABOUT RTG MINING INC

RTG Mining Inc. is a mining and exploration company listed on the main board of the Toronto Stock Exchange and Australian Securities Exchange Limited.  RTG is focused on developing the high-grade copper/gold/magnetite Mabilo Project and advancing exploration on the highly prospective Bunawan Project, both in the Philippines, while also identifying major new projects which will allow the Company to move quickly and safely to production.

RTG has an experienced management team (previously responsible for the development of the Masbate Gold Mine in the Philippines through CGA Mining Ltd.), and has B2Gold as one of its major shareholders in the Company. B2Gold is a member of both the S&P/TSX Global Gold and Global Mining Indices.

ENQUIRIES

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS

This announcement includes certain “forward-looking statements” within the meaning of Canadian securities legislation. Statement regarding interpretation of exploration results, plans for further exploration and accuracy of mineral resource and mineral reserve estimates and related assumptions and inherent operating risks, are forward-looking statements. Forward-looking statements involve various risks and uncertainties and are based on certain factors and assumptions. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from RTG’s expectations include uncertainties related to fluctuations in gold and other commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; uncertainty of estimates of capital and operating costs, recovery rates, production estimates and estimated economic return; the need for cooperation of government agencies in the development of RTG’s mineral projects; the need to obtain additional financing to develop RTG’s mineral projects; the possibility of delay in development programs or in construction projects and uncertainty of meeting anticipated program milestones for RTG’s mineral projects and other risks and uncertainties disclosed under the heading “Risk Factors” in RTG’s Annual Information Form for the year ended 31 December 2015 filed with the Canadian securities regulatory authorities on the SEDAR website at sedar.com.

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