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December 16, 2020
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Vancouver, British Columbia
– Dec 16, 2020 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) is pleased to announce the initiation of plans for diamond drilling at its 100% owned flagship holding, Niñobamba Silver-Gold Project, in the second half 2021 and provides an overview of the baseline and permitting activities underway.

D&M Ingenieros Consultores (D&M) has been contracted by the Company to undertake environmental baseline monitoring and to prepare and manage the necessary submittals for approval by the General Directorate of Mining Environmental Affairs of the Ministry of Energy and Mines, Peru.

The Company will pursue the DIA Category #1 approval for Medium and Large Mining Operations. This will also include professional archaeological investigations, community workshops and necessary liaison activities, currently underway employing dedicated personnel with successful experience in the local region. D&M will also monitor and report on achieved milestones with Citizen Participation in the Mining Subsector, corresponding with the local ministries and stakeholders together with the Company to ensure a successful path to initiate a multifaceted, resource defining, exploration campaign in 2021.

“I am very pleased to have professionally led crews mobilized at Niñobamba to update and build on much of the environmental baseline work recorded historically by the Company, Newmont, Anglogold and others,” said Chris Verrico, CEO. “I am also pleased with the progress our Community Liaison team has made, now joined by the 6 specialists from D&M, towards permitting the planned initial drill program and beyond. This work plan has been long anticipated and a major step towards putting Niñobamba’s geological status amongst its peers within this prolific trend that hosts some of the most successful and lowest cost gold and silver producers worldwide” he added.

About D&M Ingenieros Consultores

D&M is an engineering firm located in Lima, Peru providing professional and analytical support for all aspects of the mineral extraction industry throughout Peru with a diverse team of professionals and a history of accomplishment undertaking challenging industrial development in sensitive environments.

About Niñobamba

The Company’s flagship, 100% owned Niñobamba Project, hosts 2 discreet precious metal targets at opposite ends of a 6.5 km prospective corridor in a prolific, precious metals hosting geological belt in central Peru. The Company has modelled 2 world class resource targets where previously the Company, Newmont Mining and others have spent upwards of US$10 million evaluating this mineralized trend. The silver-rich Niñobamba “Main Zone and South Zones” are drill ready and the Company’s geologists have targeted the near surface, silver and gold mineralization as a potential open pit. At the other end of this trend is the Jorimina Gold Zone that was the primary focus of the Newmont exploration programs.

About Rio Silver Inc.

Rio Silver has been a selective incubator, accumulating precious metal assets that afford only the best possible leverage and returns in anticipation of the current and increasingly more favorable precious metals bull market. At the Company’s recently acquired Palta Dorada Property in central Peru, a high grade mesothermal gold and silver vein system is currently being bulk sampled and processed by earn-in partner, Peruvian Metals Corp., who is earning a 50% interest by expending a total of US$250,000 at the property. Peruvian Metals operates the nearby Aguila Norte commercial mill where the bulk samples will be processed. Bulk mining may be ramped up if successful and could become a cashflow to backstop the Company’s overall exploration plans in a non-dilutive, shareholder friendly way. Plans for citing a dedicated processing facility at the Palta Dorada site, being only 45 kilometers of easy access from the Pan American Highway, will be investigated and could potentially be funded from cashflow.

We remain respectful and mindful of the current hardships being endured by our hosts in Peru as a result of this current pandemic. We remain impressed by the resilience and ingenuity of our host country as Peru continues to develop supportive mining policies to ensure continued growth and opportunity throughout Peru.

For further information,

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) 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 a guarantee 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 except as required by applicable laws


July 6, 2020
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Vancouver, British Columbia – July 6, 2020 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO)  is pleased to announce that the Company has been notified by its partner, Peruvian Metals Corp. (“Peruvian Metals”), that Peruvian Metals plans to initiate an exploration and bulk sampling program on the high grade Au-Ag-Cu Palta Dorada project (“Palta Dorada” or the “Property”) early in the third quarter. The Company signed a Memorandum of Understanding (“MOU”) with Peruvian Metals in early January 2020 (see The Company’s news release January 9th) to jointly explore the Property by conducting a detailed sampling and mapping program along with a bulk sampling campaign. Under the MOU, Peruvian Metals is required to provide the upfront capital to start the program and has also informed Rio Silver that permits have been approved to extend underground workings at the main exploration target on the property. Extracted mineralized material from the underground exploration will form the bulk sampling program.

The Property, located in the Ancash Mining Department in Northern Peru, covers an area of approximately 1200 hectares. Precious metal mineralization at Palta Dorada consists of several high-grade Au-Ag-Cu structures hosted in granitic rocks. The gold-silver mineralization and exploration model is considered to be “Intrusion-Related Gold Vein System” similar to gold systems in Peru’s gold rich Pataz Mining Region, Nasca-Ocona Gold Belt and gold systems within the Tintina Gold Belt of Alaska.

Initial work at Palta Dorada identified and sampled four structures. The “Main Structure” that trends ENE-WSW consists of a quartz vein exposed both in outcrop and in two small underground adits and shafts. The Main Structure exposure is observed to have a strike length of over 800 metres and is open along strike in both directions. Artisinal workings expose portions of the Main Structure including a 53-metre-deep shaft where seven chip samples were taken at various depths from quartz vein containing sulphides. Results from these samples range from 3.06 g/t Au to 24.1 g/t Au, 36 g/t Ag to 865 g/t Ag and 0.31% Cu to 4.94% Cu over an average width of 0.60 meters. The weighted average of these samples from the quartz-sulphide vein is 10.51 g/t Au, 329 g/t Ag and 1.74% Cu.

A second mineralized structure, the “North 1 Structure” or “N1S” is observed north of the Main Structure  and trends WNW-ESE. The intersection of these structures represents a good exploration target. Twelve samples were taken from very small workings over a strike length of approximately 480 meters. All samples were strongly oxidized and returned from 1.40 g/t Au to 17.3 g/t Au, 10.8 g/t Ag to 456 g/t Ag and 0.02% Cu to 0.14% Cu over widths of 0.20 to 0.80 meters. The weighted average of these samples from the oxidized quartz vein is 7.92 g/t Au and 102 g/t Ag. A bottle-roll metallurgical sample with a head grade of 13.0 g/t Au and 102 g/t Ag returned 92.15-per-cent gold and 65-per-cent silver recoveries over 36 hours. Two other gold bearing structures, the “South 1 Structure” or “S1S” and the “South 2 Structure” or “S2S”, were identified approximately 1500 meters south of the artisanal workings on the Main Structure. Limited sampling was conducted in this area however one sample was taken from a mineral sack ready for shipment to a toll mill and contained oxidized quartz material that returned 14 g/t Au and 74.4 g/t Ag.

Peruvian Metals plans to start a property wide sampling and mapping program followed up by a detailed magnetic survey. The exploration will also consist of continuing the underground sampling and mapping on the Main Structure by extending the underground workings both laterally and vertically. Permits have been submitted and approved to conduct underground work which will also result in bulk sampling of the mineralized material. The underground work will greatly aid in the understanding of the mineralized structures and can be followed by underground drilling. The COVID-19 restrictions imposed by the government at this time do not yet allow the Company to commence underground work. It is expected work will begin in the next phase of reopening of the Peruvian Economy.

Metallurgical work performed by Procesmin Ingenieros Laboratories from a composite sample from mineral ready for shipment by the previous owner had a head grade of 23.2 g/t Au, 29.0 oz/t Ag and 4.95% Cu. Metallurgical work showed that two concentrates can be produced. The first and more valuable concentrate graded 125.6 g/t Au, 4,808 g/t Ag and 24.41% Cu. A second Au-pyrite concentrate was also produced and  graded 11.5 g/t Au, 565 g/t Ag and 2.90% Cu.  Sales from metal concentrates produced from the bulk sampling activity will be shared between the Companies less all operational expenses related to the bulk sampling. Peruvian Metals’ 80% owned Aguila Norte Processing Plant will charge the joint effort commercial mineral processing rates on a similar basis to its other clients for processing the bulk samples. The Plant is accessible from the property by approximately 180 kilometres of mainly paved roadway.

Peruvian Metals will act as the operator of the joint effort and is responsible for the permits necessary to explore the property and to extract bulk samples. Chris Verrico the CEO of Rio Silver states, “Having recently purchased this tremendous asset and with the recent strength in gold prices, we remain excited to see Palta Dorada’s non-dilutive advancement underway with a seasoned in-country operator motivated to perform. Any returns from the bulk sampling campaign from processing this high-grade vein rock at Peruvian’s nearby custom milling plant, will bring mutual benefit to both groups and help to advance our 100% owned Ninobamba project in Southern Peru.  Ninobamba is a world class medium/high sulfidation epithermal gold/silver deposit where $US 9 million in previous exploration and feasibility work has been completed and one that rivals the potential of any similarly endowed deposit being forwarded in Peru, to our knowledge”.

Jeffrey Reeder, P Geo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation, or approved the scientific and technical disclosure contained in this news release.

About Rio Silver

Rio Silver Inc. is a Canadian Exploration and Mine Development company. Our business is to develop our 100% owned Ninobamba project and to unlock the tremendous potential for shareholder value identified from the previous $10 million spent by Newmont at the Jorimina Zone and others. Our own recently commissioned & independently constructed ‘exploration potential” model for Ninobamba Main has identified more world class development potential. Benefits are also soon to materialize from the carried development of the our new Palta Dorada Au Ag project, focusing on a near term revenue stream. For more information, please visit: https://www.riosilverinc.com/

For more information contact:

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: https://www.riosilverinc.com/

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) 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 a guarantee 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 except as required by applicable laws.


March 3, 2020
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Vancouver, British Columbia – February 27, 2020 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) discloses a Conceptual Exploration Target for the Company’s Niñobamba Silver Project (“the Niñobamba Model”), located approximately 330 km southeast of Lima, Peru.

The Niñobamba Model was prepared on behalf of the Company by Dahrouge Geological Consulting Ltd. of Edmonton, Alberta in preparation for the planning of future exploration of the property.

Chris Verrico, President and CEO of Rio Silver comments, “We are very pleased to receive this third-party model, which examined the easterly portion of the approximately 8,000 m long trend of anomalous precious metal mineralization between the Jorimina Au-Ag showing in the west and Niñobamba Ag showing in the east.”

Niñobamba Silver Project

The Niñobamba Model was completed on the basis that it would provide further understanding of the project’s ‘Exploration Potential’ and therefore help guide future exploration. The model focused on the “Niñobamba Main Zone” which can be broken down into two subparallel zones (a North and a South zone).

Following a thorough review of historical surface mapping, sampling, trenching and drilling, data utilized in the completion of the model included core from 18 drill holes (out of 44 total) and channel samples from 20 surface trenches. The model incorporated major rock units recorded on the project and the fault structures that constrain the mineralization. Geological trends and variability sensitives were defined using historical sampling and were used to support the Conceptual Exploration Target. Preliminary geostatistical evaluations were used in the generation of the Conceptual Exploration Target.

Historic exploration has shown the Niñobamba Main Zone (North) to have a minimum strike length of approximately 400 meters and apparent widths of 100 to 150 meters, and the Niñobamba Main Zone (South) to have a minimum strike length of approximately 400 meters and apparent widths of 50 to 100 meters.

A summary of the Conceptual Exploration Target for the Niñobamba Main Zone is as follows:

The Company cautions that the Niñobamba Model is not a resource declaration. The potential tonnages and grades are conceptual in nature and are based on previous trench samples and drill results that defined the approximate length, thickness, depth and grade of a portion of the North and South zones mineralized zones at Niñobamba. There has been insufficient exploration to define a current resource and the Company cautions that there is, among other uncertainties, a risk that further exploration may not result in the delineation of a current mineral resource or one that resembles the conceptual model.

Further Exploration Potential

The Niñobamba Model only assessed the silver potential of the eastern most 1,500 m of an approximately 8,000 m long trend of anomalous precious metal mineralization. As such, the Company believes the project to have significant exploration potential separate from the current conceptual model (silver), including:

  • Niñobamba Main Zone (extensions), mineralization remains open on trend to both the east and west from the Niñobamba Main Zone (North and South) and constitutes a significant exploration target. 
  • Gold: as 8 of the historic drill holes were not analyzed for gold, the gold potential of the project is not well understood, however, it is demonstrated by the most recent trenches (ex. TR-01 includes 56 m of 1.03 g/t Au and 98.9 g/t Ag).  All future core and rock samples need to be analyzed for both gold and silver.
  • Jorimina Zone: approximately 6 km west of Niñobamba, Jorimina was the subject of an in-house exploration model (see company’s website) for gold and silver (Newmont, 2011), which was based on nine drill holes totaling 4,377 m by Newmont.
  • Randypata: central to the main mineralized trend at Niñobamba, Newmont completed five drill holes at Randypata that require follow up exploration.

About the Niñobamba Model

The Niñobamba Model consisted of a desktop study of two mineralized trends (North and South) of the Niñobamba Main Zone.  The High Sulfidation Epithermal precious metal mineralization at Niñobamba has been the subject of multiple mapping, trench sampling and drilling programs, including multiple exploration programs between 2001 and 2013 by:

  • AngloGold Ashanti
  • Bear Creek Mining Corporation
  • Newmont
  • Rio Silver

This compilation includes a total of 44 drillholes and 20 trenches within the entire Niñobamba area.  Since the model focus was the Niñobamba Main Zone, it included only 18 of the drillholes and all 20 of the trenches.

Qualified Persons

Brad Ulry, P.Geo., Dahrouge Geological Consulting Ltd., a qualified person as defined in National Instrument 43-101, supervised the preparation and approves the scientific and technical disclosure contained in this news release.

Non-brokered Private Placement

The Company is also pleased to announce a non-brokered private placement of up to 6,000,000 units (“Units”) of the Company at $0.05 per Unit for gross proceeds of up to $300,000 (the “Offering”). Each Unit will consist of one common share of the Company and one common share purchase warrant (each, a “Warrant”) of the Company.  Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of $0.10 per share for a period of 2 years from issuance, unless the closing price of the common shares of the Company is $0.20 or higher for fifteen (15) consecutive trading days any time after the date that is four months and a day after issue, in which case the Warrants will expire thirty (30) calendar days after notice to Warrant holders announcing an earlier expiry date.  It is anticipated that certain insiders of the Company will participate in the Offering.  

The Company may pay certain finders’ fees in connection with a portion of the Offering subject to the policies of the TSX Venture Exchange (the “Exchange”).  The securities issued herein will be subject to a four-month statutory hold period. The closing of the Offering is subject to the approval of the Exchange.

For more information contact:

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) 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 a guarantee of future performance and actual results or developments may differ materially from those in forwardlooking 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 except as required by applicable laws.


March 3, 2020
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Vancouver, British Columbia – January 9, 2020 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) announces the acquisition of the Palta Dorada Au-Ag-Cu property (“Palta Dorada” or the “Property”). The property contains several high-grade gold-silver veins both oxide and sulphide that has been mined by artisanal methods. The Company has also signed a Memorandum of Understanding (“MOU”) with Peruvian Metals Corp (“Peruvian Metals”) to jointly explore the Palta Dorada Au-Ag-Cu Property (“Palta Dorada” or the “Property”) by initially conducting a detailed sampling and mapping program along with a bulk sampling campaign and processing the mineral at Peruvian Metals’ 80% owned Aguila Norte Processing Plant (“Aguila Norte or Plant”). 

The Palta Dorada Au-Ag-Cu Property is located in the Ancash Mining Department in Northern Peru and covers an area of approximately 1200 hectares. The Property is accessible from the Plant by approximately 180 kms of mainly paved roadway. The MOU establishes a joint effort to explore and develop the property. Any sales from metal concentrates produced from the bulk sampling activity and all operational expenses will be shared between companies. Peruvian Metals’ 80% owned Plant will charge the joint effort commercial mineral processing rates on a similar basis to its other clients for processing the bulk samples.

Peruvian Metals will also have the option to earn a 50% ownership in the property. Equal ownership will occur once Peruvian Metals has matched Rio Silver’s acquisition price of the project of $250,000 US by assuming all capital and exploration expenditures. Any shortfall of capital expense by Peruvian Metals will require a cash payment to the joint effort by December 31, 2021. Both companies will enter into a definitive shareholder agreement in Peru shortly.

Limited surface mapping and sampling has identified several oxide Au-Ag veins hosted in granodioritic rocks. The previous owner completed extensive production ready access to several levels for exploration and bulk sampling, as well as limited small-scale bulk sampling in several adits and shafts. The main working is a 53 metre shaft where miners hoisted mineral to the surface. Eight chip samples have been taken from quartz veins containing sulphides in the shaft at various depths. Results from these samples range from 3.06 g/t Au to 24.1 g/t Au, 36 g/t Ag to 865 g/t Ag and 0.22% Cu to 4.94% Cu over an average width of 60 centimeters. The weighted average of the quartz-sulphide vein is 9.61 g/t Au, 256 g/t Ag and 1.42% Cu over the 60 centimeters. The mineralized NEE-SWW mesothermal vein exposed in this main working has been observed over an 800 metre strike length on surface. The oxide-sulphide transition occurs at approximately 25 metres below surface.

At the initial property visit by the QP, approximately 45 tonnes of mineral had been selectively exploited; hand sorted and sacked outside of the main working ready for shipment to tolls mills in Southern Peru. Two composite samples were taken from various sacks and returned an average grade of 26.7 g/t Au, 23.76 oz/t Ag and 3.16% Cu. The samples taken were selected random grabs from hand sorted sacks and are not representative of the mineralization hosted on the property. 

A third random composite sample of approximately 50 kilograms was taken from these sacks and used for metallurgical work. The work performed on this sample by Procesmin Ingenieros Laboratories head a head grade of 23.21 grams/MT Au, 29.04 oz/MT Ag and 4.95% Cu. Metallurgical work showed that two concentrates can be produced. The first and more valuable concentrate graded 125.59 grams Au/MT, 4,808 grams Ag/MT and 24.41% Cu. A second Au-pyrite concentrate was also produced graded 11.46 grams/MT Au, 565 grams Ag/MT and 2.90% Cu. 

Artisanal workings on a second SEE-NWW structure north of the main working exposed strongly oxidized quartz veins ranging between 30 to 70 centimeters in width. Four composite samples taken from mineral sacks containing heavily oxidized material ready for shipment ranged from 8.65 g/t to 17.3 g/t averaging 12.4 g/t Au. The samples taken from the sacks were random grabs and are not representative of the mineralization hosted on the property. A bottle-roll metallurgical sample with a head grade of 13.0 g/t Au and 102 g/t Ag returned a 92.15% gold and 65% silver recoveries over 36 hours. 

Peruvian Metals will act as the operator of the joint effort and will be responsible to obtain all the permits necessary to explore and extract a bulk sample and expects no permitting issues. An experienced underground contractor has agreed to start the mobilization of the compressors and equipment to the site to extract the bulk sample. The bulk sampling and exploration is expected to commence in the first quarter of 2020. 

Chris Verrico, CEO of Rio Silver states: “We are very pleased to have accomplished these milestones, leveraging our joint resources and working together. The Palta Dorada property has several high-grade Au-Ag-Cu veins ready to be bulk sampled and processed at the Aguila Norte Plant. Oxide gold material can also be bulk sampled and treated at a number toll mills. Initial development and exploration will consist of drifting along the sulphide veins in this prominent structure, potentially identifying a minable resource which would only enhance our ability to explore our flagship Niñobamba project in a timely manner.”

Jeffrey Reeder, P Geo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation or approved the scientific and technical disclosure contained in this news release.

For more information contact:

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) 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 a guarantee of future performance and actual results or developments may differ materially from those in forwardlooking 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 except as required by applicable laws.


November 22, 2019
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Vancouver, British Columbia – November 22, 2019 – Rio Silver Inc. (“Rio Silver” or the “Company”)
(TSX.V: RYO) is pleased to announce the voting results from its Annual General Meeting of Shareholders (the “Meeting”), held in Vancouver, British Columbia on November 15th, 2019. The total number of shares represented by shareholders present in person and by proxy at the meeting was 11.8 Million 27.63% of Rio’s issued and outstanding Common Shares.

All of the matters put forward before shareholders for consideration and approval as set out in the Company’s Management Information Circular dated 11th of October, 2019, were approved by the requisite majority of votes cast at the Meeting. The details of the voting results for the election of directors are set out below:

Nominee # Votes for % Votes for
Steven Brunelle 11,058,869 98.7
Chris Verrico 11,058,869 98.7
Edward Badida 11,207,282 100.0
Richard Mazur 11,058,869 98.7

The shareholders also approved: (i) fixing of the number of directors of the Company at four; (ii) appointing MNP LLP, Chartered Accountants, as the Company’s auditor for the ensuing year and authorizing the directors to set the auditor’s remuneration; and (iii) confirming and approving the Company’s existing stock option plan.

The Company will file a report of voting results on all resolutions voted on at the Meeting on www.sedar.com shortly.

The Company also announces that it has granted 4,050,000 incentive stock options to management, directors and consultants of the Company. The options, to purchase common shares in the capital of the Company, will be at a price of $0.05 per common share with 3,200,000 having a term of 36 months and 850,000 a term of 18 months.

For more information contact:

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) 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 a guarantee of future performance and actual results or developments may differ materially from those in forwardlooking 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 except as required by applicable laws


November 7, 2019
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Vancouver, British Columbia – November 7, 2019 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO)
is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement (the “Financing”) for gross proceeds of $576,000.

Upon the completion of the Financing, the Company issued 11,520,000 units (the “Units”) at a price of $0.05 per
Unit. Each Unit consists of one common share of the Company and one common share purchase warrant. Each
warrant is exercisable into one additional common share of the Company at a price of $0.07 per share until May 7,
2021, unless the closing price of the common shares of the Company is $0.15 or higher for fifteen (15) consecutive
trading days any time after the date that is four months and a day after issue, in which case the Warrants will expire
thirty (30) calendar days after notice to Warrantholders announcing an earlier expiry date (the “Accelerated Expiry”).
The Company paid finders’ fees of $4,000 in cash and issued 80,000 finder warrants, with each such finder warrant
entitling the holder thereof to acquire one common share of the Company at a price of $0.07 per share until May 7,
2021, subject to the Accelerated Expiry.

The Financing consisted of participation by pro-group member Shaun Chin of PI Financial, for 500,000 Units, as well
as three insiders: Christopher Verrico, CEO and a director of the Company, purchased 1,500,000 Units, Rick Mazur
purchased 900,000 Units and Steve Brunelle purchased 880,000 Units.

Proceeds from the Financing will be used to advance the Company’s Niñobamba silver and gold project in Peru by
re-gaining social license within the local district, for working capital, and to explore potential precious metal projects
in Peru that offer near term revenue potential and other working capital purposes.

The securities issued under the Financing will be subject to a statutory hold until March 7, 2020.

The Company further announces that, pursuant to the Financing, as outlined above, Rick Mazur, a director of the
Company, has acquired ownership, control and direction over 900,000 common shares of the Company,
representing 1.66% of the issued and outstanding common shares of the Company and an additional 900,000 share
purchase warrants. Assuming exercise of these share purchase warrants, he would have acquired ownership,
control and direction over 1,800,000 common shares, representing 3.26% of the issued and outstanding common
shares under the Financing.

Following the acquisition, Mr. Mazur has ownership, control and direction over 6,022,623 common shares,
representing 11.08% of the issued and outstanding common shares of the Company, and 900,000 share purchase
warrants. Assuming exercise of all of the share purchase warrants held by Mr. Mazur, he would have ownership,
control and direction over 6,922,623 common shares, representing 12.52% of the issued and outstanding common
shares.

Mr. Mazur has advised the Company that he has acquired the securities for investment purposes, and may in the
future acquire or dispose of shares as circumstances or market conditions warrants. In the future, Mr. Mazur may
acquire additional securities of the Company or dispose of such securities through the market or otherwise subject to
a number of factors, including general market and economic conditions, other investment and business opportunities
available and other circumstances.

This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and
Related Take-Over Bid and Insider Reporting Issues (the “Instrument”) in connection with the filing of early warning
report to be filed in connection therewith. The early warning report respecting the transaction will be filed as required
by the Instrument on the System for Electronic Document Analysis and Review (“SEDAR”) under the Company’s
profile at www.sedar.com or may be obtained by contacting Chris Verrico at (604-762-4448).

The Company also announces that it has accepted the resignation of director and past CEO, Mr. Jeffrey J. Reeder
P.Geo. from the Board of Directors. Mr. Reeder will be continuing as a non-executive consultant, to aid the Company
with the pursuit of opportunities that are uniquely attractive due to Peru’s mineral deposit rich endowment and
advanced mining-friendly culture. The Company thanks Mr. Reeder for his 5 years of service as a board member and
looks forward to continuing a prosperous relationship.

For more information contact:

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) 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 a guarantee 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 except as required by applicable laws.


November 6, 2019
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Vancouver, British Columbia – November 6, 2019 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) is pleased to announce that it has retained Momentum Public Relations Inc. (“MomentumPR”) to provide public relations services to the Company.

MomentumPR, a Quebec based public relations firm, will assist the Company in increasing public awareness by managing the Company’s corporate communications and marketing activities and facilitating dialogue with the Company’s shareholders, finance professionals, analysts and media contacts.

“Momentum PR are a highly experienced Canadian public company PR firm. They have the expertise with junior mining that we’re looking for in generating awareness and creating a targeted message for Rio Silver. We’re in the early stages of tremendous potential growth at Rio and Momentum are the kind of partners we need,” said Chris Verrico, CEO.

The initial agreement with Momentum is for a term of twelve months.

About MomentumPR

MomentumPR is a cutting-edge public relations consulting agency representing companies within the Canadian investment community. Its services are tailored to meet the needs of small, microcap and medium size corporations. MomentumPR’s focus is on building and driving brand awareness, cultivating new audience interest and disseminating target market messaging on behalf of client companies and their valued shareholders. For more information, please visit:
https://momentumpr.com/

About Rio Silver

Rio Silver Inc. is a Canadian-based resource company with a mandate to acquire, explore and develop precious metal deposits in the Americas. Rio Silver’s experienced Peruvian exploration team is instrumental in planning and conducting the work program at its 100% owned flagship property, Ninobamba in Peru. Management continues to add shareholder value through effective and efficient exploration, strategic property acquisitions and sound financial management. For more information, please visit: https://www.riosilverinc.com/

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

For information regarding this press release, please contact:
Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

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 a guarantee 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 forwardlooking 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 except as required by applicable laws.


September 6, 2019
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Vancouver, British Columbia – September 6, 2019 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) is pleased to provide the following update:

Dear Shareholders,

It is our pleasure, at this obvious juncture in the world’s capital marketplace, to provide an update on Rio Silver Inc. (our “Company”) and our objectives going forward.

It has been very difficult over the past several years for the junior mining industry. As you know, traditional access to equity capital markets for risk capital had all but disappeared. Renewed strength in the price of gold and silver has attracted new interest in our sector. As a junior exploration company, we depend on the equity markets to finance our projects and we feel the timing is now, to start aggressively exploring our Peruvian Flagship Property “Niñobamba” and to seek new gold/silver projects. Over $10 million CDN has been spent on the Company’s property to date.

We feel that the Niñobamba property has the potential to become a world-class discovery. The precious metal mineralization is associated with an acid-sulfate or high sulphidation epithermal system. These types of systems are the main exploration target of major companies exploring for gold in the South American Andes. More specifically precious metal mineralization at Barrick’s Pierina and Laguna Norte Gold Mines, and Newmont’s Yanacocha are all associated with high sulphidation systems.

Niñobamba was considered by many to be a silver only project, however we recognize that these systems are mineralogical-zoned and therefore the Company has constructed a new conceptual model. This new approach aided in discovering a gold zone that was unrecognized by previous operators. An extensive surface trenching program that commenced in 2012 produced very favourable results.

Our first trench was placed in the area where Anglogold drilled an intercept of 130 metres of 2.8 oz/t Ag. The trench exposed extensive high sulphidation alteration returning an impressive 56 metres averaging 1.03 g/t Au and 98.9 g/t Ag. Further trenching 400 meters southwest and along strike continued to expose typical vuggy silica high sulphidation type alteration with the last 21 metres returning 1.32 g/t gold and 102 g/t Ag. The extent of the mineralization continues under deep colluvium. The last sample in the trench returned 0.53 g/t Au and 82 g/t.

In 2016 we expanded the surface areas by acquiring three adjacent concessions from Newmont. This acquisition included an extensive database and selective drill core. The database included assay results for over 6500 surface samples and assay results from 7880 metres of diamond drilling. Highlights from the drilling by Newmont included 72 metres of 1.2 g/t Au on the Joramina Zone, several kms distant from the Ninobamba mineralization. Over $6.5  million US was spent on these additional concessions by Newmont. Several highly anomalous silver zones were located and remain untested by drilling. With a better understanding of the precious metal zoning, more gold zones are likely to be discovered.

Moving forward, our Company will continue the exploration at Niñobamba by first re-establishing a good relationship with the local community. Much surface work is still required to better understand the results from the Newmont database. Permitting will commence shortly, with drilling expected in 2020.

2019 will continue to present many challenges for the junior mining industry. However, we feel that 2020 will be a rewarding year for Rio Silver. While we intend to recommence the exploration at Niñobamba, we continue to review new opportunities.

Our Company has an experienced Peruvian crew and a distinct competitive advantage of being able to generate and/or identify and quickly assess unrecognized opportunities. We are well positioned to take advantage of the world class exploration environment offered by Peru and its wealth of mineral opportunities. We will continue to identify new value generating initiatives for our Shareholders.

In addition the Company is pleased to announce it has moved its corporate headquarters to Vancouver at 1600–595 Burrard St to better align itself with present management, industry wide partners and service providers, and in order to better serve shareholder base.

I would like to express my sincere appreciation to my fellow shareholders for their support over the years and look forward to an exciting future for our Company.

On behalf of the Board of Directors

For more information regarding this press release, please contact:

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) 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 a guarantee of future performance and actual results or developments may differ materially from those in forwardlooking 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 except as required by applicable laws.


September 2, 2019

Vancouver, British Columbia – September 2, 2019 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO)
is pleased to announce a non-brokered private placement of up to 10,000,000 units (“Units“) of the Company at $0.05 per Unit for gross proceeds of up to $500,000 (the “Offering“). Each Unit will consist of one common share of the
Company and one common share purchase warrant (each, a “Warrant“) of the Company. Each Warrant will entitle
the holder to acquire one additional common share of the Company at a price of $0.07 per share for a period of 18
months from issuance, unless the closing price of the common shares of the Company is $0.15 or higher for fifteen
(15) consecutive trading days any time after the date that is four months and a day after issue, in which case the
Warrants will expire thirty (30) calendar days after notice to Warrant holders announcing an earlier expiry date. It is
anticipated that certain insiders of the Company will participate in the Offering. The proceeds from the Offering will be
used to continue modest work on the Company’s Niñobamba silver and gold project in Peru; to meet its immediate
financial obligations and for working capital; and to explore new projects in Peru.

The Company may pay certain finders’ fees in connection with a portion of the Offering subject to the policies of the
TSX Venture Exchange (the “Exchange“). The securities issued herein will be subject to a four-month statutory hold
period. The closing of the Offering is subject to the approval of the Exchange.

On behalf of the Board of Directors of Rio Silver Inc.

For more information contact:

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilver.com
Website: www.riosilverinc.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX
Venture Exchange) 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 a guarantee 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 except as required by applicable laws.


April 18, 2019

April 18, 2019, Toronto, Ontario, Canada – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) is pleased to announce that it has settled an aggregate of $80,503 of indebtedness (the “Debt“) through the issuance of an aggregate of 1,610,060 common shares at a deemed issuance price of $0.05 per common share (the “Transaction”), of which 896,460 common shares were issued to non-arm’s length creditors. All common shares issued to settle the Debt will be subject to a hold period expiring August 19, 2019. Completion of the Transaction will allow the Company to improve its current working capital deficiency position.

ON BEHALF OF THE BOARD OF DIRECTORS OF RIO SILVER INC.

“Chris Verrico”

President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) 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 forwardlooking 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:
Chris Verrico, President, CEO
Tel: (604) 762-4448

Steve Brunelle, Chairman
Tel: (416) 854-2552