Rio Silver Closes the Acquisition of the Maria Norte Ag-Au-Pb-Zn Property in Central Peru

Executive Summary

• Rio Silver Inc. completed the acquisition of 100% of Mamaniña Exploraciones S.A.C., securing full ownership of the Maria Norte mining project in Peru.
• The consideration consisted of 3,999,999 Rio Silver common shares (≈9.27 % of post‑consolidation equity) and a US$250,000 payment obligation over five years, with US$225,000 already paid.
• A NI 43‑101 compliant geological report for the Maria Norte Property will be filed on SEDAR+.

Key Details

• Transaction Completion: Closing of previously announced transaction with Peruvian Metals Corp., resulting in Rio Silver owning 100 % of Mamaniña Exploraciones S.A.C. (the “Subsidiary”).
• Share Consideration: Rio Silver issued 3,999,999 common shares to Peruvian, representing 9.27 % of the Company’s post‑consolidation share capital (after a 5:1 reverse split on July 3 2025).
• Cash Component: Total cash consideration of US$250,000 payable in semi‑annual installments over five years starting June 15 2025. Payments to date: CDN$15,000 (signing), US$22,500 (amendment), US$25,000 (option payment on June 15 2025); remaining balance US$225,000.
• Previous Disclosures: Transaction terms previously summarized in press releases dated March 26, June 25, and September 17 2025.
• Geological Report: A NI 43‑101 compliant technical report for the Maria Norte Property will be filed on SEDAR+ (Company profile).

Notable Quotes

• “We are pleased to finalize this transaction, which adds a high‑potential copper‑gold project to our portfolio and positions Rio Silver for future growth.” – Chris Verrico, Director, President & CEO.