RIO Silver Announces Private Placement

RIO SILVER ANNOUNCES PRIVATE PLACEMENT

March 22, 2018, Toronto, Ontario, Canada – Rio Silver Inc. ("Rio Silver" or the "Company") (TSX.V: RYO) is pleased

to announce a non-brokered private placement of up to 2,000,000 units ("Units") at $0.05 per Unit for gross proceeds of

up to $100,000 (the " Offering"). Each Unit will consist of one common share of the Company and one common share

purchase warrant (each, a " Warrant") of the Company. Each Warrant will enti tle the holder to acquire one additional

common share of the Company at a price of $0.06 per share. The Warrants will expire twel ve months from the date of

issue unless the closing price of the common shares of the Company is $0.10 or higher for twenty (20) consecutive

trading days any time after the date that is four months and a day after issue, in which case the Warrants will expire

thirty (30) days after notice to Warrant holders through a news release announcing an ear lier expiry date. It is

anticipated that certain insiders of the Company will participate in the Offering. The proceeds from the Offering will be

used to (i) continue modest work on the Company's Niñobamba silver and gold project in Peru, (ii) meet its immediate

financial obligations, and (iii) for working capital.

The Company may pay certain finders' fees in connection with a portion of the Offering subject to the policies of the

TSX Venture Exchange (the " Exchange"). The securities issued herein will be subject to a four month statutory hold

period. The closing of the Offering is subject to the approval of the Exchange.

A portion of the Offering will be a "related part y transaction" under Multilateral Instrument 61-101 Protection of

Minority Security Holders in Special Transactions ("MI 61-101"). There has been no formal valuation of the Company

or its assets to date, as there has not been any necessity to do so. The Offering is exem pt from the formal valuation

requirements under Section 5.4 of MI 61-101 and the minor ity approval requirements under Section 5.6 of MI 61-101

pursuant to the Company's reliance on the financial hard ship exemption under Sections 5.5(g) and 5.7(1)(e),

respectively, of MI 61-101. Completion of the Offering w ill allow the Company to continue modest work on its

exploration properties and improve its current working capital deficiency position.

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

Jeffrey Reeder

President and Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation S ervices Provider accepts respon sibility 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 th e Company believes the expectations expressed i n

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 stat ements include market prices, exploitation and exploration succe sses,

continued availability of capital and financing, and general econom ic, market or business conditions. There can be no assurance s

that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertaint ies.

We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

For more information contact:

Jeff Reeder, President, CEO Dan Hamilton, Chief Financial Officer

Tel: (647) 302-3290 Tel: (416) 479-9546

Website: www.riosilverinc.com