Mr. Chris Verrico reports

RIO SILVER INC. COMPLETES SECURITIES FOR DEBT TRANSACTION

Rio Silver Inc. has settled an aggregate of $293,250 of indebtedness through: (1) the issuance of an aggregate of 1,396,428 common shares of the company at a deemed issuance price of 21 cents per share, of which 976,190 shares were issued to non-arm's-length creditors; and (2) the issuance of an aggregate of 420,238 common share purchase warrants entitling the holders to purchase an aggregate of 420,238 common shares of the company at a price of 28 cents per share until Dec. 31, 2028, none of which share purchase warrants were issued to non-arm's-length creditors. All common shares and share purchase warrants issued to settle the debts will be subject to a hold period expiring May 1, 2026. Completion of the securities for debt transaction will allow the company to improve its current working capital deficiency position.

About Rio Silver Inc.

Rio Silver is a Canadian resource company advancing high-grade, silver-dominant assets in Peru, the world's second-largest silver producer. The company is focused on near-term development opportunities within proven mineral belts, and is supported by a seasoned technical and operational team with deep experience in Peruvian geology, underground mining and district-scale exploration. With a clear development strategy and a growing portfolio of highly prospective silver assets, Rio Silver is establishing the foundation to become one of Peru's next emerging silver producers.

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