Rio Silver Inc. Generates Royalty Revenue and Confirms Additional Upcoming Share Issuance from Magma Silver

About this update from Rio Silver Inc.

[{"type":"text","content":"Rio Silver Inc. Generates Royalty Revenue and Confirms Additional Upcoming Share Issuance from Magma SilverUS$100,000 Advanced Royalty Payment Received; 2.5 Million Additional Magma Shares to Be Issued April 15, 2026\nVANCOUVER, British Columbia, April 01, 2026 (GLOBE NEWSWIRE) -- Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX-V: RYO | OTC: RYOOF) is pleased to announce that it has received the first US$100,000 advanced royalty payment from Magma Silver Corp. pursuant to the previously announced option agreement on its Niñobamba gold-silver property in Peru. Under the terms of the option agreement, Magma Silver has the right to earn a 100% interest in the Niñobamba project upon full exercise of the option. The agreement provides for total payments of $260,000, which have been received, and additional milestone payments of up to US$2,000,000, including US$500,000 in advanced royalty payments to be paid over the next five years. The initial US$100,000 payment received will be credited against a 2% net smelter return (“NSR”) royalty retained by Rio Silver. Magma Silver retains the right to repurchase 1% of the NSR for US$1,000,000 at any time prior to commercial production. In addition, Rio Silver confirms that it has previously received 2,500,000 common shares of Magma Silver Corp., and will receive a further 2,500,000 common shares on April 15, 2026, pursuant to the terms of the agreement. Management Commentary: “This is an important milestone for Rio Silver as we begin to realize value from our royalty portfolio,” said Chris Verrico, President and Chief Executive Officer of Rio Silver. “The receipt of advanced royalty payments and the upcoming additional share issuance from Magma Silver reinforces the strength of our broader asset base and provides meaningful non-dilutive exposure as we continue advancing Maria Norte.” “Our focus remains on disciplined execution at Maria Norte, while maintaining strategic exposure to additional upside through royalties and equity positions that can generate value without shareholder dilution.” Why This Matters to Investors This milestone demonstrates that Rio Silver is not solely an exploration or development-stage company, but one that is actively generating revenue through its royalty interests....

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