Rio Silver Inc. (the “Company” or “Rio Silver”) (TSX.V: RYO,OTC:RYOOF) (OTC: RYOOF) announces that, following regulatory approval, the previously announced transaction (the “Transaction”) with Peruvian Metals Corp. (“Peruvian”) is being completed to acquire 100% of the issued and outstanding common shares of Mamaniña Exploraciones SAC (the “Subsidiary”), a Peruvian company, which has mining rights in the Maria Norte project (the “Maria Norte Property”) in Peru. The details and terms of the transaction are summarized in the company’s previous press releases dated March 26, June 25 and September 17, 2025.
Pursuant to the terms of the transaction, Rio Silver acquired 100% of the issued and outstanding common shares of Peruvian’s subsidiary at closing. In consideration, Rio Silver has issued 3,999,999 shares of the Company’s common stock in Peru, representing 9.27 of the Company’s issued and outstanding share capital (taking into account the recent 5:1 share consolidation completed on July 3, 2025), and in addition, under the terms of the transaction, the Company is obligated to pay an aggregate of US$250,000 by making semi-annual payments to Peruvian over a period of five year, starting in June. January 15, 2025. To date, the Company has made the following cash payments (i) CDN$15,000 at signing; (ii) US$22,500 upon amendment; and (ii) option payment of US$25,000 on June 15, 2025, resulting in US$225,000 payable in remaining option payments.
A geological report prepared in accordance with National Instrument 43-101 regarding the Maria Norte Property will be filed with the company’s profile on SEDAR+.
ON BEHALF OF THE BOARD OF DIRECTORS OF Rio Silver INC.
Chris Verrico
Director, President and General Manager
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.
For more information,
Christopher Verrico, Chairman, CEO
Phone: (604) 762-4448
E-mail: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com
This press release contains forward-looking statements that are subject to risks and uncertainties. All statements contained herein, other than statements of historical fact, should be considered forward-looking. Although the Company believes that 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 any 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 assurance that such statements will prove to be accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We assume no obligation to update any forward-looking statements, except as required by applicable law.
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