Toronto, Ontario CANADA, July 12, 2012 /FSC/ – Rio Silver Inc. (RYO – TSX Venture), is pleased to announce that the Company has made a new gold and silver discovery at it’s 100% owned 2100 hectare Niñobamba project, located approximately 330 kilometres southeast of Lima, in the Department of Ayacucho, Peru. Trench TR-01 was channel sampled in an area showing extensive characteristic high sulphidation alteration mineral assemblages and returned the first extensive gold mineralization at Niñobamba. The gold mineralization demonstrates that the epithermal system at Niñobamba shows typical precious metals zonation.
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ON BEHALF OF THE BOARD OF DIRECTORS OF
RIO SILVER INC.
T John Magee
CEO and President
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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 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.