RIO Silver Proposes to Amend Warrant Expiry Date

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RIO SILVER PROPOSES TO AMEND WARRANT EXPIRY DATE

January 15, 2018, Toronto, Ontario, Canada – Rio Silver Inc. (“Rio Silver” or the "Company") (TSX.V:

RYO) announces that it intends to apply to the TSX Venture Exchange to amend the terms of a total of

1,500,000 outstanding share purchase warrants issued pursuant to a private placement that closed on August

23, 2016. These warrants are exercisable at a price o f $0.0 5 per share and are currently set to expire on

February 23, 2018, as set out in the press release of the Company on August 23, 2016. The proposed

amendment is limited to the extension of the expiry date of the warrants without changes to the exercise

price of $0.05 per warrant share. Subject to regulatory approval, t he proposed new date for expiry of the

warrants is August 23, 2019.

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 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 perfo rmance 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 explorat ion 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:

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

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

Website: www.riosilverinc.com