RTG Agrees to Acquire the Priority Exploration Licence Applications for An 80% Stake in the 2.1m Oz Mt Kare Gold Project

Announcement to the Toronto Stock Exchange

SUBIACO, WESTERN AUSTRALIA / ACCESSWIRE / December 9, 2019 / RTG Mining Inc. (ASX:RTG, TSX:RTG, OTCQB:RTGGF) ("RTG" or "the Company") is pleased to announce that it has entered into binding Memorandum of Agreement ("MOA") with the two priority applicants for the Mt Kare Gold Project located in the Enga Province of Papua New Guinea ("PNG") to acquire a majority 80% stake in the project if and when successful in securing the new exploration licence. The two vendors are GMG Global Mining Group Limited ("GMG") and Tribune Mt. Kare Limited ("Tribune").

Mt Kare has a Historical Mineral Resource (JORC 2004), which includes a Measured Mineral Resource of 1.2 million ounces of gold, an Indicated Mineral Resource of 0.3 million ounces and an Inferred Mineral Resource of 0.6 million ounces of gold (see next section for details of Historical Mineral Resource).