RIO Silver Announces Proposed Shares FOR Debt Transaction

RIO SILVER ANNOUNCES PROPOSED SHARES FOR DEBT TRANSACTION

March 3, 2017, Toronto, Ontario, Canada – Rio Silver Inc. (“Rio Silver” or the "Company") (TSX.V: RYO)

announces that it intends to settle an aggregate of $244,774 of indebtedness (the "Debt") owed to certain

arm’s length and non- arm’s length creditors through the issuance of an aggregate of 3,059,669 common

shares at a deemed issuance price of $0.0 8 per common share (the “Transaction”), of which 1,305,663

common shares will be issued to non- arm's length creditors. All common shares issued to settle the Debt

will be subject to a hold period of four months and one day from the date of issuance. The Transaction is

subject to TSX Venture Exchange approval. Completion of the Transaction will allow the Company to

significantly 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 Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) 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 ass urances 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.

For more information contact:

Jeff Reeder, President, CEO Steve Brunelle, Chairman

Tel: (647) 302-3290 Tel: (416) 854-2552

Website: www.riosilverinc.com