Mr. Jorge Ramiro Monroy reports

EARLY WARNING REPORT

Reyna Silver Corp.'s investor, Reyna Silver Ltd., has made the following announcement in accordance with National Instrument 62-103 -- The Early Warning System and Related Take-Over Bids and Insider Reporting Issues.

RSL advises that it has filed an early warning report in connection with its holding of securities in the capital of Reyna Silver Corp. on today's date. The report included securities held by each of Jorge Ramiro Monroy, Michael Wood and Emerging Markets Capital Limited (EMC) of the same addresses as RSL, all of whom can be considered joint actors with RSL. Both RSL and EMC are related entities to Mr. Monroy and Mr. Wood, directors of the Company. The Company is a reporting issuer whose common shares are listed on the TSX Venture Exchange under the symbol RSLV; having its head office at 21st Floor, Fairmont House, 8 Cotton Tree Drive, Central, Hong Kong, SAR.

RSL and the joint actors recently acquired beneficial ownership or control over an aggregate 11,200,000 common shares of the Company. RSL and the joint actors currently beneficially own and control an aggregate of 11,392,708 Shares. The Shares held by RSL and the joint actors represent 15.57% of the outstanding voting shares of the Company.

Any of RSL, EMC, or Mr. Monroy may acquire additional securities of the Company, or may sell some or all of the securities now held by them from time to time in the future, but none has present intentions in either regard. Similarly, none presently has any plans or intentions to (a) undertake a corporate transaction, such as a merger, reorganization or liquidation, involving the Company or any of its subsidiaries; (b) sell or transfer any other material assets to the Company (however they may sell mineral property interests held by them to the Company from time to time in the future); or cause the Company to sell or dispose of any of its material assets; (c) change the board of directors or management of the Company, including any plans or intentions to change the number or term of directors or to fill any existing vacancy on its board; (d) effect a material change in the present capitalization or dividend policy of the Company; (e) effect a material change in the Company's business or corporate structure; (f) effect a change in the Company's charter, bylaws or similar instruments or another action which might impede the acquisition of control of the Company by any person or company; (g) cause any class of securities of the Company to be delisted from, or cease to be authorized to be quoted on, a marketplace; (h) cause the Company to cease to be a reporting issuer in any jurisdiction of Canada; (i) solicit proxies from securityholders; or (j) any action similar to any of those enumerated above.

A copy of the early warning report may be found under the Company's profile.