Rio Silver and Norsemont II Agree to Terminate LOI
007871000-00147787; 1
Rio Silver Inc.
40 University Avenue, Suite 603, Toronto, Ontario M5J 1T1 Canada
Tel: 416 479-9546
Website: riosilverinc.com
Rio Silver and Norsemont II Agree to Terminate LOI
(February 22, 2019: Toronto, Canada) Rio Silver Inc. (TSX.V: RYO) (“Rio Silver” or the “Company”)
announces that the Company and Norsemont II Resources Inc. (“Norsemont”) have mutually agreed to
terminate their efforts to combine the assets of the companies as described in the earlier news release of
the Company dated October 24, 2018. Following Rio Silver’s due diligence review, Rio Silver found a
number of irregularities in the title documentation and other inconsistencies with respect to Norsemont’s
Cochavara properties in Peru. Despite the parties’ efforts to correct them, as the timeframe for resolution
is unknown, the parties have agreed to release each other from the underlying proposal at this time.
In light of the circumstances, both parties determined that it would be in the respective parties’ best
interests to proceed on independent courses of business. Norsemont has acknowledged the efficient due
diligence efforts of the Rio Silver team and will be reimbursing the Company for direct expenses incurred
on behalf of Norsemont at its Cochavara properties. The companies will remain in contact over future
opportunities.
Rio Silver remains excited by the opportunity presented at its wholly owned Ninobamba precious metal
property in central Peru. The Company will be focusing its efforts on arranging financing to move
forward with a significant exploration effort at this project in the year ahead.
Jeffrey Reeder, P.Geo., and a qualified person as defined in National Instrument 43-101, has prepared,
supervised the preparation, or approved the scientific and technical disclosure contained in this news
release.
ON BEHALF OF THE BOARD OF DIRECTORS OF RIO SILVER INC.
Jeffrey Reeder
CEO and Director.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts
responsibility for the adequacy or accuracy of this release.
This news release includes forward-looking statements that are subject to risks and
uncertainties. All statements within, other than statements of historical fact, are to be considered
forward looking. Although the Company believes the expectations expressed in such forward-
looking statements are based on reasonable assumptions, such statements are not guarantees of
future performance and actual results or developments may differ materially from those in
forward-looking statements. Factors that could cause actual results to differ materially from
those in forward-looking statements include market prices, exploitation and exploration
007871000-00147787; 1
Rio Silver Inc.
40 University Avenue, Suite 603, Toronto, Ontario M5J 1T1 Canada
Tel: 416 479-9546
Website: riosilverinc.com
successes, continued availability of capital and financing, and general economic, market or
business conditions. There can be no assurances that such statements will prove accurate and,
therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not
assume any obligation to update any forward-looking statements except as required by
applicable laws.
For more information contact:
Steve Brunelle, Executive Chairman Jeffrey Reeder, Director and CEO
Tel: (416) 479-9546 Tel: (647) 302-3290
Website: www.riosilverinc.com