Rio Silver completes acquisition of Maria Norte project

Executive Summary

• Rio Silver Inc. has completed the 100% acquisition of the Maria Norte silver-gold-lead project in Peru's Huachocolpa district, following approval from the TSX Venture Exchange.
• A National Instrument 43-101 technical report confirms high-grade mineralization, with verification sampling showing grades up to 6.26 g/t Au and 991 g/t Ag.
• The acquisition provides Rio Silver with a low-capex, near-infrastructure asset with no underlying royalties, positioning the company for potential fast-track production and district-scale expansion.

Key Details

• Transaction: 100% acquisition of the Maria Norte project by Rio Silver Inc.
• Location: Huachocolpa mining district, Huancavelica province, Peru.
• Technical Report: "Maria Norte Au-Ag-Pb-Zn Project" by James A. McCrea, PGeo.
• Verification Sampling Results:
  • Gold grades up to 6.26 grams per tonne (g/t) Au.
  • Silver grades up to 991 grams per tonne (g/t) Ag.
• Historical Context: Mineralization verified from historical workings and waste-dump sampling by Compania de Minas Buenaventura SAA.
• Infrastructure: Multiple processing facilities located within 11 kilometres of the project.
• Royalty Status: The project is 100% owned by Rio Silver with no underlying royalties.
• Future Plans: Further mapping and underground sampling are planned to refine targets for subsequent drilling phases.
• Qualified Person: Jeffrey Reeder, PGeo, reviewed and approved the scientific and technical information.

Notable Quotes

• "The Maria Norte acquisition represents a defining moment for Rio Silver... We are unlocking the potential of a high-grade system that was left untouched for decades... Maria Norte gives us a foundation not only to advance toward production but to build a broader silver platform within one of Peru's most legendary districts." — Chris Verrico, President and CEO