Rio Novo Gold Inc. [the “Company” or “Rio Novo”] is a limited company by shares, established in accordance with the laws of the Territory of the British Virgin Islands. The Company’s registered office is located at the Morgan & Morgan Building, Pasea Estate, Road Town, Tortola, British Virgin Islands. The Company maintains operating offices at Av. das Americas 8445, sala 517, Barra da Tijuca, Rio de Janeiro, Brazil, and Cra 19 N° 72-61, Urb. Santa Clara, Manizales, Colombia, and has a corporate office at The Canadian Venture Building, 82 Richmond Street East, Toronto, Ontario, M5C 1P1. The Company is controlled by Northwestern Enterprises Ltd. [“Northwestern”]. Northwestern has shown a willingness to continue funding Rio Novo on a care and maintenance basis for the remainder of fiscal 2017 and fiscal 2018. The principal business of the Company is the acquisition, exploration and development of mineral property interests located in Brazil and Colombia. To date, the Company has not earned any revenue from operations.