Mr. Chris Verrico reports

RIO SILVER RECEIVES CONDITIONAL APPROVAL FOR ACQUISITION OF MAMANINA EXPLORACIONES S.A.C.

Further to the announcement on March 26, 2025, Rio Silver Inc. has received from the TSX Venture Exchange conditional acceptance of the proposed transaction with Peruvian Metals Corp. for the acquisition of Mamanina Exploraciones SAC.

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.

We seek Safe Harbor.