Rio Silver Provides Corporate Update as the Company Advances Toward High-Grade Silver Development in Peru

Core Viewpoint - Rio Silver Inc. is positioning itself to become a high-grade silver producer in Peru, leveraging its strategic initiatives and operational preparations at the Maria Norte project, which is located in one of the world's most prolific mineral belts [1][4]. Operational Highlights - A detailed site visit to the Maria Norte project confirmed the scope, sequencing, and logistical requirements for fast-tracking development work upon regulatory approval [2]. - The company is advancing preparations for high-altitude camp construction, portal-access upgrades, and tunnel advancements along known mineralized structures [7]. - Progress is being made on permitting and community agreements, with positive advancements in explosives permitting and stakeholder access agreements [7]. - The company is adopting Peru's exploration/exploitation framework to enable mineral generation while establishing underground drill platforms for resource definition [7]. - Rio Silver is well-funded by a diversified investor base, with Maria Norte strategically located near other mine developments supported by a positive Preliminary Economic Assessment (PEA) [7]. Financial Position - The company currently receives approximately US$150,000 annually in advanced royalty payments, providing a stable revenue baseline [6]. - The sale of the Niñobamba project to Magma Silver Corp. will yield milestone payments exceeding US$2 million and 5 million common shares of Magma Silver, enhancing Rio Silver's financial position [6]. - Rio Silver retains a 2% Net Smelter Return (NSR) royalty on Niñobamba, in addition to a 3% capped NSR royalty from its former Palta Dorada interests [6]. Strategic Interests - Beyond its Peruvian assets, Rio Silver owns a critical-metals project in Ontario's Ring of Fire, identified as having significant subsurface potential based on historical drilling and airborne surveys [7][8]. - The company is evaluating additional silver-dominant targets within trucking distance that may offer district-scale growth potential [7]. Market Positioning - As global silver demand accelerates due to industrial electrification, renewable energy, and precious-metal investment, Rio Silver is positioning itself as a pure-play developer with significant leverage to rising silver markets [9]. - The company is committed to disciplined growth and clear market communication through its partnership with Caram Media, enhancing its alignment with shareholders [10][11].