Raiden Resources Limited advised that Rio Tinto has informed the Company that it intends to withdraw from the Majdanpek West Earn in Joint Venture. The Joint Venture covered 2 licenses (Majdanpek West and Majdanpek Pojas). Rio Tinto completed significant target generation campaign over the two licenses and executed a drilling campaign in 2019. On the receipt of the formal notification from Rio Tinto, Raiden will inherit the data and will review the option of continuing exploration in its own right.