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RYO.V ·

Rio Silver Announces Management Change

Management Changes

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Rio Silver Inc.

40 University Avenue, Suite 603, Toronto, Ontario M5J 1T1 Canada

Tel: 416 479-9546

Website: riosilverinc.com

Rio Silver Announces Management Change

February 28, 2019: Toronto, Canada - Rio Silver Inc. (TSX.V: RYO) (“Rio Silver” o r the “Company”)

announces that the Company has appointed Mr. Christopher Verric o as President and CEO of the

Company, replacing Mr. Jeffrey Reeder.

Mr. Verrico was appointed to the Company’s Board of Directors i n September 2018. He has over 30

years of experience in the mining industry, has been active in P e r u a n d h a s b e e n a d i r e c t o r o f

approximately one dozen resource companies through his career.

The Company wishes to thank Mr. Reeder for his years of dedicat ed 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 Pr ovider accepts

responsibility for the adequacy or accuracy of this release.

This news release includes fo rward-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 assump tions, such statements are not guarantees of

future performance and actual results or devel opments may differ materially from those in

forward-looking statements. Factors that could c ause actual results to differ materially from

those in forward-looking stat ements include market prices , exploitation and exploration

successes, continued availabili ty 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, Dire ctor and CEO

Tel: (416) 479-9546 Tel: (604) 762-4448

Website: www.riosilverinc.com