Rio Silver Receives Conditional Approval for Acquisition of Mamaniña Exploraciones S.A.C.

Vancouver, British Columbia – May 16, 2025 – Rio Silver Inc. (the “Company”) (TSX.V: RYO) (OTC: RYOOF) announces that, further to its announcement on March 26, 2025, it has received from the TSX Venture Exchange (the “Exchange”) conditional acceptance (the “Conditional Approval”) of the proposed transaction (the “Transaction”) with Peruvian Metals Corp. for the acquisition of Mamaniña Exploraciones S.A.C.

The Company is working to satisfy the remaining conditions outlined in the Conditional Approval and will be making further announcements in respect thereof including without limitation the geological report prepared in accordance with National Instrument 43-101 and other items.  The Transaction remains subject to the Exchange’s final acceptance.

There can be no assurances that the conditions under the Conditional Approval will be satisfied or that the Transaction will be completed as proposed or at all.

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

Chris Verrico

Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

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 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 except as required by applicable laws.

Rio Silver completes Definitive Agreement for the sale of Ninobamba, announces planned restructuring.

Vancouver, British Columbia – May 1, 2025 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) (OTC: RYOOF), announces that it has completed a definitive agreement (the “Option Agreement”) with Magma Silver Corp. (TSX.V: MGMA) (“Magma Silver”) for the sale (the “Transaction”) of the Niñobamba Au-Ag property (“Niñobamba” or the “Project”).

Under the terms of the Option Agreement, Magma Silver has the right to earn a 100% interest in the Project upon full exercise of the option. The Option Agreement requires Magma Silver to make payments of an aggregate CAD$260,000, of which CAD$160,000 of that amount has been paid. Magma Silver will make further milestone payments of up to US$2,000,000, US$500,000 of which will constitute advanced royalty payments and will be paid over the next five years, deductible from the net smelter return royalty of 2% granted to Rio Silver. Magma Silver retains the right to buy back 1% of the NSR for US$1,000,000 at any time prior to commercial production on the Project. The Option Agreement also requires Magma Silver to issue to Rio Silver a total of 2,500,000 common shares of Magma Silver upon receipt of regulatory approval, and a further 2,500,000 common shares on the first anniversary of the approval date.

Rio Silver also announces its intention to consolidate (the “Consolidation”) its common shares on a one-new-for-five-old basis subject to regulatory approval.

Upon completion of the Consolidation, it is intended that the 99,832,844 common shares of Rio Silver currently issued and outstanding will be reduced to approximately 19,966,569 common shares. No fractional shares will be issued under the Consolidation. Each fractional share following the Consolidation that is less than one-half of a share will be cancelled, and each fractional share that is at least one-half of a share will be rounded up to the nearest whole share. As applicable, the exercise or conversion price and the number of shares issuable under any of the company’s outstanding stock options and convertible instruments will be proportionately adjusted upon the completion of the Consolidation. A letter of transmittal will be sent to registered shareholders providing instructions to surrender the certificates evidencing their shares for replacement certificates representing the number of post-Consolidation shares to which they are entitled as a result of the Consolidation. Until surrendered, each certificate representing shares prior to the Consolidation will be deemed, for all purposes, to represent the number of shares to which the holder thereof is entitled as a result of the Consolidation.

The Consolidation remains subject to the acceptance of the TSX Venture Exchange (the “Exchange”), and the pre-consolidated shares will continue to be traded on the Exchange under the current trading symbol RYO. Upon acceptance by the Exchange, the Company’s trading symbol will remain the same, but the CUSIP number and international securities identification number will change upon the completion of the Consolidation.

This Transaction and Consolidation will allows the Company to focus on the express development of its newly-acquired Maria Norte high grade silver exploration / exploitation project in the dynamic Huachacolpa Mining district, south central Peru where recent M&A activity is changing the investment landscape.

About Rio Silver Inc.

Rio Silver is a Canadian exploration and development company with an large per cent of insider, friends and family ownership, focused on Peru. Rio Silver continues to review precious and base metal properties in Peru while maintaining its interest in its Ontario Gerow Lake, critical metals project. This Transaction enables the Company to complete certain planned acquisitions that bring significant potential for near-term, cash flowing, production allowing the Company to leverage other similar opportunities, going forward, in a non-dilutive shareholder friendly way.

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

Christopher Verrico

Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

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 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 except as required by applicable laws.

RIO SILVER PIVOTS TO HIGH-GRADE SILVER EXPLORATION / EXPLOITATION – ANNOUNCES
EXECUTIVE CHANGES
Vancouver, British Columbia – April 1, 2025 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V:
RYO) (OTC: RYOOF) announces that it has appointed Eric H. Hinton, P.Eng., FCIM, to the Advisory
Board.
Eric H. Hinton, P.Eng., FCIM, has degrees from Haileybury School of Mines, Queen’s University and
Laurentian University and is a registered professional engineer in Ontario and Manitoba. Eric is a
Fellow of the Canadian Institute of Mining, Metallurgy and Petroleum and is also designated as a
Qualified Person in underground mining from the Mining and Metallurgical Society of America in
addition to a qualified person for National Instrument 43-101. Eric’s experience in small scale
mining operations (from 50 to 500 tonnes per day) led him to acquire Basic Minerals SAC in Peru to
launch the Mercedes Project which will become a 25000 tonne per annum polymetallic producer.
His expertise will enable Rio Silver to pursue projects similar to Mercedes, such as the recently
acquired Maria Norte project in Peru, with the potential to generate positive cash flow in the short
term. Mr. Hinton’s assistance managing the development of the recently acquired Maria Norte highgrade
polymetallic silver, exploitation / exploitation property will bolster the company’s mandate for
future sustainability.
The Company also announces that Christopher Hopton has joined the Board of Directors. Mr.
Hopton has been serving as the Company’s CFO since 2019. He is a seasoned financial
management professional with 25 years of experience leading the financial operations of resource
and biotech companies across Canada and South America. As a trusted professional in business
investment and finance, Mr. Hopton has supported numerous public and private companies. He
previously held the role of CFO at Central Resources Corp., a junior mineral exploration company.
Mr. Hopton also played a key role in the successful restructuring of 360 Networks, a network
communications firm, culminating in a strategic buyout by Bell Canada.
Mr. Hopton holds a Bachelor of Business Administration degree and is a Certified Professional
Accountant (CPA).
In addition, the Company announces the resignation of Edward J Badida from the Board of
Directors. The Board would like to thank Mr. Badida for his many contributions on behalf of the
Company’s shareholders over his tenure with the Company. Edward has served as CFO as well as
his long-standing Board Directorship. Ed’s vast CPA experiences as a financial pilot for Junior
Resource companies aided Rio Silver in its strategies at its many projects in Canada and Peru. We
owe Ed our gratitude for his loyal and professional outlook protecting shareholder value. The Board
has greatly valued Ed’s positive demeanor and sense of humor in our gatherings.
Company President Chris Verrico stated, “We are overjoyed and feel privileged with the high caliber
of experience and insight Eric Hinton brings to the table. Having a lifetime of engineering robust and
modern solutions for the underground mining industry Eric will bolster the company’s drive towards
profitability.
We also are very pleased to have Chris Hopton step up to the Board Level and continue to provide
and apply his astute guidance and perspective knowledge as we navigate through a period of both
challenging times and tremendous opportunity. Both these gentlemen are team players
contributing to the generation of both shareholder and stakeholder value through hard work and
discipline. These are truly exciting times.”
We also want to take this opportunity to extend our heartfelt thanks to Ed Badida for his many years
of guidance and insight and wish him only the very best for his long-deserved retirement away from
the day-to-day issues of operating a junior mining enterprise.

ON BEHALF THE BOARD OF DIRECTORS OF RIO SILVER INC.
About Rio Silver Inc
Rio Silver is a Canadian exploration and development company with an oversized per cent of
insider, friends and family ownership, focused on Peru. Rio Silver continues to review precious and
base metal properties in Peru while maintaining its interest in its Ontario Gerow Lake, critical
metals project. This transaction enables the Company to complete certain planned acquisitions
that bring significant potential for near-term, cash flowing, production allowing the company to
leverage other similar opportunities, going forward, in a non-dilutive shareholder friendly way.

ON BEHALF OF THE BOARD OF DIRECTORS OF RIO SILVER INC.
“Chris”
Christopher Verrico
Director, President and Chief Executive O????icer
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
For further information,
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 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 except as required by applicable laws

Rio Silver Acquires the Minas Maria Norte Project in a Prolific Mining District in Southern Peru

Vancouver, British Columbia – March 26th , 2025 – Rio Silver Inc. (“Rio Silver” or the “Company”)
(TSX.V: RYO) (OTC: RYOOF) announces that it has signed a definitive agreement for the acquisition of
the Minas Maria Norte (“Maria Norte” or the “Property”) high grade polymetallic silver, exploitation
/ exploitation property, from Peruvian Metals Corp. (“Peruvian”) (TSX-V PER) being subject to
regulatory approval.
The Property is located in Southern Peru in the historic Huachocolpa Mining District, Municipality of
Huancavelica. The Property has been held by Peruvian for the past 18 years adjacent to significant
silver production with announced world class expansion plans. Previous exploration campaigns by
Peruvian shows that the property hosts many polymetallic veins with significant gold credits. Located
in the heart of the prolific Huachocolpa Silver District, environmentally friendly hydro power, good
infrastructure, labor and logistical support is available.
Two significant mineral processing flotation plants operate nearby: Compañia Minera Kolpa plant at
1440 tonnes per day and SilverX Mining’s (“SilverX”) plant called Recuperada at 720 tonnes per day
These plants are located 8 km and 13 Km respectively from Maria Norte. In addition, SilverX’s Tangana
Mining Unit which is part of their Nueva Recuperada project is currently in production and is located
2.5 km to the southwest of Maria Norte. It appears that the sub-parallel mineralized structures on
Maria Norte are similar to the mineralized structures on the Tangana Mining Unit. SilverX completed
a Preliminary Economic Assessment of the area and is published on Sedarplus in April 2023.
The Maria Norte property is 368 hectares in size covering numerous, Au-Ag-Zn-Pb veins that display
evidence of historic artisanal exploitation. Five gold-bearing polymetallic structures were mapped by
the Company’s geologists and remain open along strike. The lengths of the structures as currently
mapped are 40 to 400 meters with variable widths from 0.15 to 4 meters and occur in a vein corridor
nearly 600 meters wide
The main structure at Maria Norte, the Castorindo Zone, has provided the highest-grade gold values
from within the land package, having five samples ranging in width from 0.18 to 0.70 meters and
assaying 13.5 to 40.3 grams per tonne gold along with 162.9 to 1,128 grams per tonne silver. Highgrade
silver (1,848 grams per tonne) was also encountered at the Jess structure on a sample 0.3
meter in width. Other veins not yet mapped include five samples with widths of 0.2 to 0.7 meters with
gold values ranging from 0.89 to 1.55 grams per tonne, silver values ranging from 82.8 to 682 grams
per tonne, and up to 4.3 per cent zinc and 9.7 per cent lead.
Also included in the acquisition is a small, isolated concession covering 33 hectares south of Maria
Norte main concession block. Sampling and mapping by Peruvian’s geologists identified a
mineralized structured believed to be a small portion of the principal vein structure known as
Tangana West, a component of the SilverX Mining Corp.’s Nueva Recuperada Project, Huancavelica.

Acquisition Terms
Rio Silver will acquire from Peruvian its wholly own Peruvian subsidiary which holds the concessions.
Consideration includes a cash downpayment of $15,000 CDN and the issuance of 15 million Rio
Silver common shares and 5 million warrants. The warrants will have a strike price of CAD $0.05 per
share and an exercise period of 2 years. Cash payments totaling US$250,000 will be also payable
over a 5 year period. A net smelter royalty will be granted Peruvian in an amount equal to 1.5%, after
subtracting the Minimum Royalty Payments semi-annually.
Rio Silver CEO Chris Verrico stated, “We are very excited for the potential of Maria Norte to drive
shareholder value enabling the Company to re-direct its focus to the pursuit of near term cash flow
potential and the prospect of significant organic growth, strategically made possible in the very
important Huachocolpa Mining District.
Maria Norte is directly adjacent to and on trend with active mine production with demonstrated world
class silver potential that speaks volumes for the Company’s expectations for advancement towards
sustainability.
We believe that this acquisition and it’s potential development will be aided by the Company’s other
royalty streams and is well supported by Peru’s unique small mines permitting regime which can
accelerate the initial development. We remain ever impressed and optimistic by the resilience and
ingenuity of our host country as Peru continues to endorse supportive mining policies and continued
growth, as is currently evident by the tremendous investment being witnessed, throughout Peru.”

About Rio Silver
Rio Silver is a resource company that has been selectively identifying and acquiring precious metal
assets that are anticipated to produce near term cashflow to best assist the Company’s exploration
/ development plans, in a non-dilutive, shareholder friendly way.
Je????rey Reeder, P.Geo., a qualified person as defined in National Instrument 43-101, has supervised
the preparation, and approved the scientific and technical disclosure contained in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS OF RIO SILVER INC.
For further information,
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 guarantees of future performance and actual results or developments may di????er materially from those in forwardlooking
statements. Factors that could cause actual results to di????er materially from those in forward-looking statements
include market prices, exploitation and exploration successes, the completion of the Acquisition, 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.
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.

RIO SILVER INC. ANNOUNCES OPTION AGREEMENT TO SELL A 100% INTEREST IN Niñobamba ADVANCED GOLD SILVER PROJECT IN PERU TO AFRICAN ENERGY METALS

Vancouver, British Columbia – (January 21, 2025) – Rio Silver Inc. (TSXV:RYO) (“Rio Silver”) and African Energy Metals Inc. (NEX: CUCO.H; FSE: BC2; WKN: A3DEJG) (“African Energy Metals”) jointly announce they have entered into an option agreement for African Energy Metals (the “Option Agreement”) to earn an 100% undivided interest in the Niñobamba advanced gold silver project (the “Project”) located in the Department of Ayacucho in South Central Peru.

Terms of the Option Agreement

Under the terms of the Option Agreement dated January *, 2025 with Rio Silver, African Energy Metals has the right to earn a 100% interest in the Project upon the full exercise of the option under the Option Agreement. As set out in the table below, the Option Agreement requires a payment of CAD$260,000 during the first year of the Option Agreement and further payments of up to US$2,000,000, US$500,000 of which are advance payments on any royalties payable under the royalty agreement, pursuant to which a net smelter return royalty of 2% is granted to Rio Silver. African Energy Metals retains the right to buy back 1% of the NSR for US$1,000,000 prior to commercial production on the Project.

The Option Agreement also requires the issuance to Rio Silver of a total of 2,500,000 common shares of African Energy Metals upon receipt of regulatory approval and a further 2,500,000 common shares on the earlier of the date that is one year from the receipt of the Exchange’s approval and May 15, 2026. African Energy Metals has the right but not the obligation to issue African Energy Metals shares in lieu of 50% of any cash payment obligation. African Energy Metals paid a deposit of $10,000 on a non-refundable basis to Rio Silver when the Option Agreement was executed. Rio Silver will provide operational support and use of Rio Silver facilities in Peru for a minimum of one year at Rio Silver’s cost. Rio Silver is an arm’s length party to African Energy Metals. The share issuances and payments under the Option Agreement are subject to the approval of the TSX Venture Exchange and the NEX Exchange.

Chris Verrico, CEO of Rio Silver stated: “We are extremely pleased to be able to continue supporting progress at Niñobamba for the mutual benefit of all stakeholders. Rio Silvers management firmly believes that with the additional strength that this transaction brings to the table, that Niñobamba will imminently reap outsized reward. We remain ever impressed and optimistic by the resilience and ingenuity of the Peruvian people as the country continues to endorse supportive mining policies, ensuring continued growth and opportunity throughout the country. Rio Silver will fully assist African Energy Metals in advancing the Project for the mutual benefit of both companies, our shareholders and all stakeholders.

About Rio Silver Inc

Rio Silver is a Canadian exploration and development company with an oversized per cent of insider, friends and family ownership, focused on Peru. Rio Silver continues to review precious and base metal properties in Peru while maintaining its interest in its Ontario Gerow Lake, critical metals project. This transaction enables the Company to complete certain planned acquisitions that bring significant potential for near-term, cash flowing, production allowing the company to leverage other similar opportunities, going forward, in a non-dilutive shareholder friendly way.

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

“Chris”                                                                                                                                                                          Christopher Verrico

Director, President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

For further information,

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 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 except as required by applicable laws.

RIO SILVER COMPLETES SALE OF PALTA DORADA AG-AU PROPERTY, PERU

VANCOUVER, British Columbia – October 8, 2024–Rio Silver Inc. (TSXV:RYO) (“Rio Silver” or the “Company”) is pleased to announce that the Company has received the balance of the $250,000 US cash required for the sale of its 50% interest in the Palta Dorada Au-Ag Property, from Peruvian Metals Corp. (“Peruvian”). Additional consideration for the sale has the Company retaining a 3% Net Smelter Royalty (“NSR” or Royalty”) on the property. Total payments from the NSR will be capped at $2 million US while the Company is guaranteed US $250,000 in minimum royalty payments over the next five years.

The royalty payments due have guaranteed minimum semi-annual payments of $25,000 US payable over a five year period, commencing December 2024. Cash flow generated from the Palta Dorada Royalty could potentially exceed the minimum semi-annual royalty payment amount, as Peruvian advances a bulk sampling campaign at Palta Dorada, expected to commence Q1 2025 and augmented by its proximity to Peruvian Metals’ Aguila Norte Processing Plant.

The Company is also pleased to announce that following minor delays in the permitting cycle, it remains confident that it will be in receipt of full permission from MEM (Ministry of Energy and Mines, Peru) during Q4, 2024, for a Diamond Drilling program at the Jorimina project. Jorimina is a prominently mineralized zone, hosting gold, silver and copper and forming the western flank of the Company’s flagship, Niñobamba Ag-Au target, in south-central Peru.

Chris Verrico, Chief Executive Officer of Rio Silver commented: “The sale of our 50% interest in Palta Dorada to Peruvian Metals provides the Company with a significant NSR (Net Smelter Royalty) enabling us to focus on our Ninobamba project. Peruvian is now able to finance it’s 100% consolidated ownership of the Palta Dorada property enabling a fast-track development plan which could augment Rio Silver’s, highly valuable, 3% royalty stream. This non-dilutive cash source (royalty stream) will aid the Company’s exploration and development of its flagship Niñobamba Au-Ag and Jorimina properties located in the highly productive and under explored Ayacucho Silver – Gold belt in south-central Peru and continue on where Newmont had left off.  Newmont had discovered Jorimina, and in an internal preliminary feasibility study concluded, in a 2012 report, that Jorimina has significant potential, significant enough to support a robust mid-sized mining enterprise with the further potential of becoming something much larger, due the proximity of a mineralizing porphyry source. Our 100% ownership of the Niñobamba/Jorimina properties will propel Rio Silver’s advancement amongst Peru’s most notable precious metal developers.”

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 Inc.

Rio Silver is a Canadian Exploration and Development company with an oversized percent of insider, friends and family ownership, focused on Peru. The Company holds a 100% interest in the very prospective Ag-Au Ninobamba where more than $10 million US has been spent on exploration by the Company and previous operators. The Company continues to review precious and base metal properties in Peru while maintaining its interest in its Ontario Gerow Lake, critical metals project.

For further information on Rio Silver Inc. please visit www.riosilverinc.com

For Investor Inquiries:

Christopher Verrico, President, CEO

Tel: (604) 762-4448

Email: chris.verrico@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.

Forward Looking Statements

This news release includes certain statements that may be deemed “forward-looking statements”. All statements in this new release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. 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 may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Rio Silver Completes Agreement with Local Community at Jorimina Project, Peru   

Vancouver, British Columbia – July 23, 2024 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) is pleased to announce it has finalized a surface access agreement (“the Agreement”) with the local Community for a period of one year at the Company’s Jorimina Project, an advanced gold/silver project near the city of Ayachucho in south central Peru.

A recently completed Environmental Impact Study and community workshops aided by the President and Council of the local community, represent the final steps of the drill permitting application process and allow for the initiation of activities at this highly prospective, bulk tonnage gold and silver target located at the Company’s wholly owned, Jorimina, Gold / Silver Project.

Jorimina was previously a joint venture project of Newmont, one of the world’s largest gold producers, that earned its interest from Southern Peru Copper by spending $US 7 million outlining that it was in fact a precious metals dominant deposit. Newmont performed extensive geophysical and geochemical exploration programs followed by a detailed metallurgical review as part of an internal preliminary economic analysis. This was based upon their initial diamond drilling campaign, which was a fence or row of widely spaced diamond core drilling holes, that transected the property. A planned follow up, resource defining, diamond drilling campaign was never realized due to a major market correction in 2012. The Company is in receipt of all the data generated and summarized in the 2012 Newmont report, which strongly recommended advancement of the project for which, upon a successful resource defining drill evaluation, could be capable of supporting a robust midsized mining operation.

Rio Silver expects receipt of the necessary drill permitting late in Q3, 2024, and is working with potential drill contractors to prepare to mobilize crews and equipment upon the receipt of the permits and minor property access upgrades.

Rio Silver’s President, Chris Verrico, states” We are very pleased to have been able to advance Jorimina towards resource delineation, truly an exceptional milestone while we look forward to very strong precious metals pricing.  Newmont had used a $1200/oz gold value at Jorimina in their preliminary economic analysis at Jorimina. It is an exciting entry point for future valuation gains! Rio Silver has a very successful track record of permitting successes and a very focused and experienced team that can deliver on our objectives. Our recent success with community engagement and permitting advances, may aid our ability to engage the community that is associated with the adjoining Ninobamba, high sulfidation, epithermal silver/gold deposit located just 6.5 kilometers east from Jorimina, under one continuous land holding and another opportunity for an accretive valuation increase for Rio Silver shareholders.

Rio Silver is a resource development company that has been selectively acquiring and advancing precious metal assets that afford the best possible leverage and returns in anticipation of an increasingly more favorable precious metals bull market. Both our Niñobamba and Jorimina area Au/Ag targets are suggestive of near surface, bulk mineable open pit targets.

We remain ever impressed and optimistic by the resilience and ingenuity of our host country as the Government continues to endorse supportive mining policies ensuring continued growth and opportunity throughout Peru.

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

“Chris”                                                                                                                                                                          Christopher Verrico

Director, President and Chief Executive Officer

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 except as required by applicable laws.

For further information:

Christopher Verrico, President, CEO

Tel: (604) 762-4448

Email: chris.verrico@riosilverinc.com

Website: www.riosilverinc.com

Rio Silver Commences Baseline Environmental Studies

Vancouver, British Columbia –  May 7, 2024 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) is pleased to announce it has initiated an Environmental Impact Study, a component of the permitting application currently underway in support of a planned diamond drilling campaign, at the wholly owned Jorimina  Gold / Silver Project scheduled for Q3, 2024.

Ecosoul Environmental Impact Consultants, based in Ayacucho, South Central Peru, has been contracted by the Company to undertake a full suite of environmental baseline monitoring studies which includes preparation of the necessary submittals required by the General Directorate of Mining Environmental Affairs with the Ministry of Energy and Mines, Peru, in support of the permitting application.

Ecosoul’s scope also includes professional archaeological investigations and community workshops along with the necessary liaison activities currently underway, by utilizing dedicated personnel with a successful track record working in this local region. Ecosoul will monitor and report on achieved milestones with ‘Citizen Participation in the Mining Subsector’, corresponding with the local ministries and stakeholders together ensuring a successful path towards a resource defining, exploration campaign in 2024.

“We are very pleased to have Ecosoul on site” says Rio Silver’s President, Chris Verrico. “Having a regional based professional team mobilized at Jorimina re-establishing an environmental baseline monitoring regime while advancing social awareness through local workshops and presentations. These activities all help reduce barriers for local participation and input essential for all stakeholders, as we progress building on the historic US 7 million dollars in geological studies and preliminary economic analysis by Newmont, unveiling it’s potential internally in a 2012 Report. I also want to congratulate  our Community Liaison team for their dedicated resolve. They are now joined with the specialists from Ecosoul in progressing the application process for the planned initial drill program and beyond. This work plan has been long anticipated and an instrumental step towards ranking Jorimina’s geological potential, which all lies within our Niñobamba project envelope. Niñobamba ranks highly amongst its peers operating in this prolific trend hosting some of the most successful and lowest cost gold and silver producers anywhere”.

About Niñobamba

The Company’s 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, Anglo Gold and others have spent in excess of US$10 million evaluating this mineralized trend’s potential. The silver-rich Niñobamba “Main Zone and South Zones” are also drill ready and the Company’s geologists have targeted the near surface, silver and gold mineralization as a potential open pit situated at the other end of an anomalous trend from Jorimina’s predominantly Gold dominant Zone being 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 favourable precious metals bull market. The Company recently sold it’s 50% interest in the Palta Dorada Property in central Peru, a small scale high grade mesothermal gold and silver project to it’s former partner at the time, Peruvian Metals Corp., for US $250,000 in cash and a 3% Net Smelter Royalty capped at US $2 million having US $250,000 in guaranteed minimum royalty payments.

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 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.

RIO SILVER ANNOUNCES GRANT OF STOCK OPTIONS  

Vancouver, British Columbia – May 1, 2024 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) (OTC: RYOOF)  The company announces that it has granted an aggregate of 2 million incentive stock options to directors, officers and consultants of the company, exercisable at a price of five cents with the following exercise periods: (i) one year as to 600,000 options; (ii) two years as to 400,000 options; and (iii) five years as to 1 million options, from the date of grant. The grant of these options is subject to the approval of the exchange.

About Rio Silver Inc.

Rio Silver is a resource development company that has been selectively identifying and acquiring precious metal assets that afford the best possible leverage and returns in anticipation of an increasingly more favorable precious metals bull market. Our Peruvian precious metal assets are wholly owned with no royalty obligations. The Ninobamba area Au/Ag targets are economically attractive as the mineralization suggests near surface, bulk mineable open pit targets.

Rio Silver is pleased with our host country as the Government continues to support mining policies ensuring continued growth and opportunity throughout Peru.

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

“Chris Verrico”

Christopher Verrico
604-762-4448
Chris.verrico@riosilverinc.com
Director, President and Chief Executive Officer

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 except as required by applicable laws.

Vancouver, British Columbia – Apr 23, 2024 – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) (OTC: RYOOF) is pleased to announce that it has entered into an advertising and investor awareness campaign agreement (the “Agreement”) with Dig Media Inc. dba Investing News Network (“INN”). INN is a private company headquartered in Vancouver, Canada, dedicated to providing independent news and education to investors since 2007.

INN will introduce the Company to INN’s audience of educated, active investors. Using a variety of methods including an Enhanced Advertiser Profile, News Marketing, website and newsletter advertising and dedicated emails, INN will encourage its audience to engage directly with the Company to consider investing in the Company. INN does not provide investor relations or market-making services as defined by TSX Venture Exchange (the “TSXV”) policies. The engagement is subject to acceptance by the TSXV.

Under the terms of the Agreement with INN, the Company has agreed to pay INN $60,000. for the 12-month campaign, payable in cash in installments of $5,000. per month. INN currently holds no common shares in the Company.

“We are very pleased to be working with INN to expand our audience,” stated Chris Verrico, CEO of the Company. “With their experience in the mining industry and our portfolio of silver and gold assets, we are confident that they will be able to help increase awareness of Rio Silver as we move forward into a precious metals super cycle.”

In addition, the Company announces that it intends to apply to the TSX Venture Exchange (the “Exchange”) to amend the terms of a total of 6,400,000 warrants (the “Warrants”) which were issued in a private placement which closed on May 12, 2020. These Warrants are exercisable at a price of $0.08 per share and are currently set to expire on May 12, 2024. The proposed amendment is limited to the extension of the expiry date of the Warrants without changes to the exercise price of $0.08 per share. Subject to regulatory approval, the proposed new date for expiry of the Warrants is anticipated to be May 12, 2025.

For more information contact:

Christopher Verrico, President, CEO

Tel:  604.762.4448

Email:  chris.verrico@riosilverinc.com

Website: www.riosilverinc.com

Neither the 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 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.