RIO Silver Proposes to Extend Warrant Expiry Date
RIO SILVER PROPOSES TO EXTEND WARRANT EXPIRY DATE
VANCOUVER, British Columbia – April 14, 2022 – Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO)
(OTC: RYOOF) announces that it will apply to the TSX Venture Exchange to amend the terms of a total of
6,400,000 outstanding share purchase warrants issued pursuant to a private placement that closed on May
12, 2020. These warrants are exercisable at a price of $0.08 per share and are currently set to expire on May
12, 2022. The proposed amendment is limited to the extension of the expiry date of the warrants without
changes to the exercise price of $0.08 per warrant share. Subject to regulatory approval, the proposed new
date for expiry of the warrants is anticipated to be May 12, 2024.
About Rio Silver Inc.
Rio Silver Inc. is a resource company that has been selectively identifying and acquiring precious metal assets
that afford the best possible leverage and returns in anticipation of an increasingly more favorable precious
metals bull market. At the Company’s recently acquired Palta Dorada Property in central Peru, a high-grade
mesothermal gold and silver vein system is currently being bulk-sampled and processed by earn-in partner,
Peruvian Metals Corp.(“Peruvian”). The Company’s partner has earned a 50% interest by installing and then
expanding (due to Covid protocol) a 20-man camp and support complex and then developing 150 meters of
access tunnel to intercept the targeted sulfide mineralization. Recently access improvements to the upper
workings have been initiated improving an access shaft for the installation of a mechanised skip which will
expedite access for a bulk sampling campaign within the previously sampled sulfide mineralization. Peruvian
operates the nearby Aguila Norte commercial mill where the extracted min eral from the bulk sampling
campaign will be processed. Bulk sampling may be ramped up if successful and could become a cashflow to
assist the Company’s overall exploration plans in a non -dilutive, shareholder friendly way. We remain ever
impressed and optimistic by the resilience and ingenuity of our host country as Peru continues to endorse
supportive mining policies ensuring continued growth and opportunity throughout Peru.
For further information,
Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: [email protected]
Website: www.riosilverinc.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the
TSX Venture Exchange) 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 belie ves the
expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are
not a guarantee 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 successes, continued availability of capital and financing, and general
economic, market or busi ness 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.