Game 2: Winter, described as the "ultimate survival test", sets 30 male and female contestants against each other and the elements for nine months.
It will be streamed online around the world 24 hours a day, seven days a week.
"Each contestant gives consent that they could be maimed, even killed," reads the advert. "Two thousand cameras, 900 hectares and 30 lives.
"Everything is allowed: fighting, alcohol, murder, rape, smoking, anything."
Game 2 has been created by 35-year-old Russian entrepreneur Yevgeny Pyatkovsky.
In an interview with the Siberian Times, he said "any claim of participants even if they were to be killed or raped" would be refused.
"We will have nothing to do with this," he said. "This will be spelt out in a document to be signed by the participant before the start of the show."
However, Mr Pyatokvsky warned contestants that Russian laws still apply, and contestants who commit a crime could face jail time.
The show's prize money has been set at 100m rubles (£1.3m).
Rules of the game stipulate the contestants must be over 18 and "mentally sane".
People from all over the world will be allowed to participate and the show will be streamed in English, French, German, Spanish, Chinese and Arabic.
Contestants will receive training to survive in Siberian territory but no more than 100kg of equipment will be permitted, and no firearms are allowed.
"The show will absolutely extreme, there are no exceptions," Mr Pyatkovsky said. "There will be no doctors with the participants.
"If someone gets sick, wounded and realise that he or she cannot pass the test, then the participant will quit the game forever."
Russian survivalist reality show will 'permit' its contestants to rape and murder each otherÂha
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