Rio Silver Updates Status announces that, following the recent termination of its letter of intent (the “LOI”) with Norsemont II Resources Inc. announced on Februa ry 22, 2019, the Company now plans to focus on improving its

(March 14, 2019: Toronto, Canada) Rio Silver Inc. (TSX.V: RYO) (“Rio Silver” or the “Company”) announces that, following the recent termination of its letter of intent (the “LOI”) with Norsemont II Resources Inc. announced on February 22, 2019, the Company now plans to focus on improving its balance sheet and direct its efforts on further exploring and developing its Ninobamba property.

With the exciting opportunity at its Ninobamba precious metal property, the Company is hopeful that it can secure necessary financing and improve its working capital in order to be able to move forward with its exploration efforts. The Company will be announcing such plans in more details in the coming weeks.

Trading in the Company’s stock has been halted since the announcement of the LOI, but it is anticipated to resume trading effective March 18, 2019.

ON BEHALF OF THE BOARD OF DIRECTORS OF RIO SILVER INC.

Steve Brunelle Chairman and Director.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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:

Steve Brunelle, Executive Chairman Chris Verrico Director and CEO Tel: (416) 479-9546 Tel: (604) 762-4448

Website: www.riosilverinc.com

007871000-00147845; 6 Rio Silver Inc. 40 University Avenue, Suite 603, Toronto, Ontario M5J 1T1 Canada Tel: 416 479-9546 Website: riosilverinc.com