Wa Lone, 33, and Kyaw Soe Oo, 29, had been jailed since 2017. They had reported on the brutal crackdown on the minority group.
The news outlet called it "a police setup to silence their truthful reporting."
The journalists were investigating the killing of Rohingya villagers by security forces at the time of their arrest last December.
The two reporters had been investigating a massacre of Rohingya villagers when they were arrested last year.
It's the first time the United Nations has explicitly called for Myanmar officials to face genocide charges.
The team compiled accounts of crimes including gang rape, the torching of hundreds of villages, enslavement and killings of children.
But they don't yet have the public support of the president -- and Mitch McConnell is delaying a vote on proposed sanctions for perpetrators of the crisis.
Aung San Suu Kyi once said: "It is not power that corrupts but fear. Fear of losing power corrupts those who wield it.”
“We are deeply disappointed with the court’s decision," Reuters President and Editor-in-Chief Stephen J. Adler said.
“The risk of Facebook content sparking open violence is arguably nowhere higher right now than in Myanmar."
Australian lawyers accuse Aung San Suu Kyi of inaction as Rohingya Muslims flee systemic violence in Myanmar.
And the government is building military bases and new villages in their place.
The Nobel Peace Prize winner has been accused of turning a blind eye to the massacre of Rohingya Muslims.
Nearly 700,000 Rohingya have fled into Bangladesh since August.
No one knows exactly how many Rohingya men, women and children have perished after fleeing Myanmar.
With the monsoon season fast approaching, aid officials are stepping up warnings that the window of opportunity to prepare is rapidly closing.
The country's government denies it's engaged in ethnic cleansing.
Aid workers say the camps sheltering the new arrivals are completely inadequate.
Bill Richardson said the board "is likely to become a cheerleading squad for government policy."