Rio2 Limited announced the promotion of Andrew Cox to President & CEO, from his current role as Executive Vice President, Chief Operating Officer. Alex Black, the Company's current President & CEO, is assuming a newly created role as Executive Chairman whilst current Non-Executive Chairman, Klaus Zeitler will assume the role of Lead Director. The new leadership structure provides a continuity in approach, builds on the strong business culture in place, while leveraging the expertise of both Alex and Andrew.

Andrew Cox has been with the Company since 2017 and, most recently, was the Executive Vice President, Chief Operating Officer of the Company, responsible for overseeing the development of Rio2's Fenix Gold Project. In his capacity as President and CEO, Andrew will be responsible for the business of the Company and will report directly to the Executive Chairman of the Company. Andrew will work closely with the Executive Chairman in the formulation of strategy and be responsible for managing the business with a focus on advancing the Fenix Gold Project through EIA approval and to production.