Mr. Christopher Verrico reports

RIO SILVER ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING, AMENDS PURCHASE AGREEMENT FOR MARIA NORTE

Rio Silver Inc. has received shareholder approval for all matters at the AGM (annual general meeting).

The resolutions presented at Rio Silver's annual meeting held on Thursday, June 19, 2025, included the election of directors, the ratification of the appointment of its auditor for the year ended Dec. 31, 2024, the reappointment of its current auditor, the reapproval of the company's equity incentive plan and the approval for a share consolidation on a one-new-for-five-old basis. The name of the company has not been changed.

Additionally, the company has amended its purchase agreement for the Maria Norte mining property and eliminated the royalty provisions in exchange for a one-time cash payment of $22,500 (U.S.). The board of directors believes that the consolidation was necessary to better position the company for future corporate development opportunities and financing transactions.

Rio Silver chief executive officer Chris Verrico stated:

"Rio Silver is advancing its mandate for sustainability with the purchase of Maria Norte, which is directly adjacent to and on trend with active mine production with demonstrated world-class silver potential. We believe that this share consolidation and advancement toward production 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 Inc.

Rio Silver is a Canadian exploration and development company with a 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.

We seek Safe Harbor.