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RYO.V ·

Rio Silver Announces Management Change

Management Changes

February 28, 2019: Toronto, Canada - Rio Silver Inc. (TSX.V: RYO) (“Rio Silver” or the “Company”) announces that the Company has appointed Mr. Christopher Verrico as President and CEO of the Company, replacing Mr. Jeffrey Reeder.

Mr. Verrico was appointed to the Company’s Board of Directors in September 2018. He has over 30 years of experience in the mining industry, has been active in Peru and has been a director of approximately one dozen resource companies through his career.

The Company wishes to thank Mr. Reeder for his years of dedicated service to Rio Silver. Mr. Reeder will continue to serve as a Board Member.

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

Christopher Verrico President, CEO 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 Christopher Verrico, Director and CEO Tel: (416) 479-9546 Tel: (604) 762-4448

Website: www.riosilverinc.com

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