July 12, 2013, Toronto, Ontario, Canada – Rio Silver Inc. (the “Company”) (TSX.V: RYO) is pleased to announce that at the Company’s Annual General Meeting of Shareholder’s the shareholders elected as Directors for the ensuing year; John Magee, Jay Sujir, Steve Brunelle, Jeffrey Reeder and Edward J. Badida. Parker Simone LLP were reappointed as Auditors and the Company’s Stock Option Plan was approved.
The Board of Directors have appointed John Magee as non-executive Chairman, Jeff Reeder as President and CEO, and Dan Hamilton as CFO. Mr. Dwight Walker has been engaged as a consultant to the Company and Ryan Grywul (P.Geo) has been appointed Vice President of Exploration. Mr. Grywul has over 10 years of exploration experience in Latin America. Mr. Reeder is a Professional Geologist with almost 20 years of Peruvian exploration experience and was responsible for the staking of the Company’s Ninobamba project in Peru for Minera Rio Plata SAC (acquired by Rio Silver in 2011).
ON BEHALF OF THE BOARD OF DIRECTORS OF RIO SILVER INC.
T John Magee
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.
For more information contact:
John Magee, Chairman
Tel: (416) 817- 5707
Jeff Reeder, President, CEO
Tel: (647) 302-3290