Alaska Silver

Rio Silver Concession Acquisition Agreement

Toronto, Ontario (FSCwire) - Target Financial Services Inc. (the “Company”) is pleased to announce, in connection with the news release issued September 8, 2016 by Rio Silver Inc. (TSXV:RYO) (“Rio Silver”) wherein Rio Silver announced that it had entered into an agreement (the “Agreement”) with Minera Niñobamba S.A (a private arm's length Peruvian company owned jointly 60:40 by Newmont Mining Corporation and Southern Peru Copper Corporation) to acquire three concessions, totaling 2,200 hectares located immediately west and adjacent to Rio Silver's Niñobamba Silver-Gold Project, that Mr. Dwight Walker, President of the Company, acted as the finder regarding the Agreement.

Dwight Walker states: “I am delighted that Rio Silver has been able to complete the acquisition of these claims and the extensive historical database. I believe this will be an important step in moving Rio Silver forward.”

Dwight Walker

President

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 except as required by applicable laws.

For more information contact:

Dwight Walker

President, Target Financial Services Inc.

Tel (416) 567-2785

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