Rio Silver Inc. advances in the Jorimina mining project in Peru.

The company Rio Silver Inc. has taken a significant step in its gold and silver project Jorimina, located in Ayacucho, Peru, by finalizing an access agreement with the local community for one year. This milestone is crucial for the Canadian company to begin exploration activities in this deposit, thus marking an important advancement in the development of this mining project. The completion of the surface access agreement adds to other recent achievements of Rio Silver in the Jorimina project, such as the completion of an Environmental Impact Assessment and the organization of community workshops in collaboration with the president and council of the local community. These efforts are fundamental in the process of obtaining the necessary permits to carry out drilling in the area. Previously, Jorimina was a joint project of Newmont, one of the leading gold producers worldwide. Newmont invested US$7 million in this asset, highlighting its potential as a precious metals deposit. Despite the progress made by Newmont, a price correction in the market in 2012 prevented the implementation of a drilling campaign that would have defined the project's resources at that time. Rio Silver has received all the data generated by Newmont in 2012 and it is expected that, once it obtains the necessary permits for drilling in Jorimina by the end of the third quarter of 2024, it can successfully advance in resource delineation. The company is already coordinating with potential drilling contractors to prepare for equipment mobilization once the required permits are obtained. The president of Rio Silver, Chris Verrico, expressed enthusiasm about the progress in Jorimina, highlighting the importance of this milestone in resource delineation and in creating potential valuation for the company, especially considering the current favorable prices of precious metals. This advancement could also benefit the community's involvement in the Ninobamba deposit, located near Jorimina, representing a new growth opportunity for the company. Rio Silver focuses on developing high-return precious metal resources, and its mining objectives in Ninobamba and Jorimina aim for open-pit exploitations in large quantities and close to the surface. With these advancements in the Jorimina project, the company is at a crucial moment in its trajectory, preparing for new challenges and opportunities in the precious metals market. The company is in a promising stage, with a focus on creating value for its shareholders and for the local community involved in its mining operations.