Rio Silver Inc. Reports: Initial Silver - Gold - Lead Recoveries of 85 %, 74 % and 77% Respectively From the Maria Norte in Central Peru

• On 2026‑04‑08 Rio Silver released initial metallurgical results from the Maria Norte property in central Peru.
• Two concentrates were produced from quartz‑lead veins with silver recoveries of 85% and gold recoveries of 74%, lead recovery 77%.
• Both concentrates have low arsenic (≈0.34%) and high metal grades (e.g., 53.6 oz/t Ag, 14.6 g/t Au in Concentrate #1).
• Management says the results “strengthen the company’s strongest operational/financial position to date” and confirm that a low‑capex toll‑milling route is viable.
• The company plans bulk sampling and concentrate generation through 2026‑2027, with further metallurgical optimisation for differing vein types.

Aspect	Prior expectation	New information	Impact
Metallurgy	Only qualitative statements that the ore was “promising” and that a low‑arsenic concentrate could be produced.	Quantitative recoveries (85 % Ag, 74 % Au, 77 % Pb) with concrete assay data for two concentrates.	Positive material – validates processing plan, reduces technical risk, and supports near‑term cash flow from concentrate sales or toll‑milling contracts.
Financial position	Relied on royalty income (US$100k) and recent $3 M private placement.	No new capital raised, but the metallurgical data improve the valuation of existing assets, potentially unlocking additional non‑dilutive financing (e.g., milestone payments).	Positive – improves leverage for future funding without dilution.
Project timeline	Bulk sampling slated for 2026‑27; no hard data on recoveries.	Concrete results now allow the company to move from “de‑risking” to “execution” phase.	Positive – accelerates schedule, may bring earlier cash‑flow milestones.

Overall, the news delivers genuinely new, quantitative technical data that materially improves the outlook for Maria Norte and therefore the share price.

Rio Silver Inc. is a TSX‑V listed junior miner focused on high‑grade silver‑dominant projects in Peru’s Huachocolpa district. Its flagship Maria Norte property (~388 ha) hosts quartz‑lead veins with historic grades of 4 oz/t Ag and >3 g/t Au, plus significant lead and zinc. The company pursues a low‑capex development model: surface access, bulk sampling, and toll‑milling of concentrates rather than building its own processing plant.