Rio Silver Updates Status announces that, following the recent termination of its letter of intent (the “LOI”) with Norsemont II Resources Inc. announced on Februa ry 22, 2019, the Company now plans to focus on improving its

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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 Updates Status

(March 14, 2019: T o r o n t o , C a n a d a ) R i o S i l v e r I n c . ( T S X . V : R Y O ) ( “ R i o S i l v e r ” o r t h e “ C o m p a n y ” )

announces that, following the recent termination of its letter of intent (the “LOI”) with Norsemont II

Resources Inc. announced on Februa ry 22, 2019, the Company now plans to focus on improving its

balance sheet and direct its efforts on further exploring and developing its Ninobamba property.

With the exciting opportunity at its Ninobamba precious metal p roperty, the Company is hopeful that it

can secure necessary financing and improve its working capital in order to be able to move forward with

its exploration efforts. The Company will be announcing such plans in more details in the coming weeks.

Trading in the Company’s stock has been halted since the announ cement of the LOI, but it is anticipated

to resume trading effective March 18, 2019.

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

Steve Brunelle

Chairman 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 Chris Verrico Director an d CEO

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

Website: www.riosilverinc.com