Rio Novo Announces Annual Shareholder Meeting Results

TORONTO, ONTARIO -- (Marketwired) -- 10/02/17 -- Rio Novo Gold Inc. (TSX: RN) ("Rio Novo" or the "Company") is pleased to announce that all resolutions were passed at the Company's Annual Meeting of Shareholders (the "Shareholder Meeting") held on September 29, 2017.

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     Item Voted Upon          Voting Result
     ------------------------------------------------------------------
     To elect the Directors of
      the corporation as set  (i) The nominees proposed by management
      forth in the Management  were elected as directors of the
      Information Circular of  Corporation by a majority of votes cast
      the Corporation dated    by shareholders, as follows:
      August 31, 2017.

                                                 Votes For       %
                                               ------------------------
                              William Dorson    103,933,536    100%
                              Randolph Freiberg 103,913,536   99.98%
                              Julio Carvalho    103,913,536   99.98%

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     To appoint the auditor,
     UHY McGovern Hurley, LLP,
     Chartered Accountants, as
     the Auditors of the      (i) The resolution was approved by
     Corporation for the       shareholders by a majority of votes
     ensuing year, and to      cast.
     authorise the directors
     of the Corporation to fix
     their remuneration

                                                 Votes For       %
                                               ------------------------
                              Auditor           118,446,765   99.98%

     ------------------------------------------------------------------


     ------------------------------------------------------------------
     Item Voted Upon          Voting Result
     ------------------------------------------------------------------
     To elect the Directors of
      the corporation as set  (i) The nominees proposed by management
      forth in the Management  were elected as directors of the
      Information Circular of  Corporation by a majority of votes cast
      the Corporation dated    by shareholders, as follows:
      August 31, 2017.

                                                   Votes
                                                  Against        %
                                               ------------------------
                              William Dorson         0         0.00%
                              Randolph Freiberg   20,000       0.02%
                              Julio Carvalho      20,000       0.02%

     ------------------------------------------------------------------
     To appoint the auditor,
     UHY McGovern Hurley, LLP,
     Chartered Accountants, as
     the Auditors of the      (i) The resolution was approved by
     Corporation for the       shareholders by a majority of votes
     ensuing year, and to      cast.
     authorise the directors
     of the Corporation to fix
     their remuneration

                                                   Votes
                                                 Withheld        %
                                               ------------------------
                              Auditor             20,000       0.02%

     ------------------------------------------------------------------

The formal report on voting results with respect to the matters voted upon at the Meeting was filed on SEDAR at www.sedar.com.

Contacts:
Patrick Panero
President & CEO
Rio Novo Gold Inc.
[phone]
[e-mail]