May 30, 2014, Toronto, Ontario, Canada – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) announces that its shareholders will be asked to approve the adoption of an advance notice by-law (the “Bylaw”) at the Annual and Special Meeting of Shareholders (the “Meeting”) to be held on June 26, 2014. The purpose of the By-law is to provide shareholders, directors and management of the Company with a clear framework for nominating directors of Rio Silver. Rio Silver is committed to: (i) facilitating an orderly and efficient annual general or, where the need arises, special meeting process; (ii) ensuring that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director
nominees; and (iii) allowing shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation. The By-law is intended to further these objectives.

The By-law, among other things, includes a provision that requires advance notice to the Company in certain circumstances where nominations of persons for election to the Board of Directors are made by shareholders of the Company. The By-law establishes a deadline by which director nominations must be submitted to the Company prior to any annual or special meeting of shareholders and sets forth the information that must be
included in the notice to the Company. No person will be eligible for election as a director of the Company unless nominated in accordance with the By-law.

In the case of an annual meeting of shareholders, notice to the Company must be made not less than 30 days and not more than 65 days prior to the date of the annual meeting. In the event that the annual meeting is to be held on a date that is less than 50 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made not later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of shareholders called for the purpose of electing directors (whether or not called for other purposes), notice to the Company must be made not later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The full text of the proposed By-law is available in the Company’s Information Circular under the Company’s profile on SEDAR at www.sedar.com.

At the same Meeting, shareholders will also be asked to approve a share consolidation (the “Consolidation”) of the Company’s issued and outstanding common shares at a ratio of up to a maximum of five (5) preConsolidation shares to one (1) post-Consolidation share, or such lower consolidation ratio as deemed appropriate. The Board of Directors is recommending shareholders approve the Consolidation in order to increase the Company’s flexibility with respect to potential business transactions, including any possible future equity financings. Rio Silver currently has 61,117,849 common shares issued and outstanding. The Company is not expected to change its name in conjunction with the Consolidation.

If the Consolidation is approved, the Board of Directors will have the authority to implement the Consolidation at the ratio of up to a maximum of 5 to 1 at any time and will be permitted, without further shareholder approval, to select a lower consolidation ratio if they deem it to be appropriate. Notwithstanding approval of the Consolidation by the shareholders, Rio Silver’s directors, in their sole discretion, may abandon the Consolidation without further approval, action by, or prior notice to shareholders.

The proposed Consolidation is subject to the approval of the shareholders of the Company and the TSX Venture Exchange.

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 performance and actual results or developments may differ materially from those in forwardlooking 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 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.

For more information contact:

Jeff Reeder, President, CEO
Tel: (647) 302-3290

Dan Hamilton, Chief Financial Officer
Tel: (416) 867-1591 Ext 303

Website: www.riosilverinc.com

February 6, 2014, Toronto, Ontario – Rio Silver Inc. (“Rio Silver” or the “Corporation”) (TSX.V: RYO) is pleased to announce the closing of the previously disclosed transaction between Rio Silver, Virginia Mines Inc. (TSX: VGQ) (“Virginia”), Altius Resources Inc. (“Altius”), a wholly-owned subsidiary of Altius Minerals Corporation (TSX: ALS) and Les Ressources Tectonic Inc. (“Tectonic”) whereby Virginia and Altius have acquired Rio Silver’s KAN project (the “Project”) located in the Nunavik Territory in Northern Québec.

Further details on the transaction can be found in Rio Silver’s press release dated January 31, 2014.

For further information, please contact

Jeff Reeder, President, CEO
Tel: (647) 302-3290

Dan Hamilton, Chief Financial Officer
Tel: (416) 479-9546 Ext 404

This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about planned operations. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the annual information forms, management discussion and analysis and other securities regulatory filings by Rio Silver on SEDAR (including under the heading “Risk Factors” therein). There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of Rio Silver’s management and information available to management as at the date hereof. Rio Silver disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX and the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX and TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

January 31, 2014, Toronto, Ontario – Rio Silver Inc. (“Rio Silver” or the “Corporation”) (TSX.V: RYO) is pleased to announce the execution of an agreement between Rio Silver Virginia Mines Inc. (TSX: VGQ) (“Virginia”), Altius Resources Inc. (“Altius”), a whollyowned subsidiary of Altius Minerals Corporation (TSX: ALS) and Les Ressources Tectonic Inc. (“Tectonic”) to acquire Rio Silver’s KAN project (the “Project”) located in the Nunavik Territory in Northern Québec.

Under the proposed transaction, which is subject to the approval of the TSX Venture Exchange (the “TSX-V”), Rio Silver will transfer its 100% interest in the Project in consideration for (i) the issuance by Virginia of 3,571 of its common shares to Rio Silver at a deemed price of $14.00 per share (the “Virginia Shares”); (ii) a cash payment equal to $25,000 to be paid by Virginia; (iii) a cash payment equal to $75,000 to be paid by Altius; (iv) the issuance by Rio Silver of 400,000 of its common shares to Tectonic (the “Rio Silver Shares”); and (iv) a cash payment of $40,000 to be paid by Rio Silver to Tectonic.

The Rio Silver Shares to be issued to Tectonic and the cash payment to be paid by Rio Silver are required under the option agreement (the “Option Agreement”) between Rio Silver and Tectonic dated March 2, 2011, pursuant to which Rio Silver has the option to acquire from Tectonic 209 of the mining claims forming part of the Project.

Pursuant to the contemplated transaction, Virginia and Altius will grant a two percent (2 %) net smelter returns royalty affecting certain of the claims forming part of the Project to Tectonic, of which one percent (1 %) may be purchased by Virginia and Altius for cash or cash equivalent share payments in the amount of $500,000 on or before April 2, 2015 or in the amount of $1,500,000 thereafter.

Upon closing of the contemplated transaction, Rio Silver will be wholly released and forever discharged from the observance and performance of its covenants and agreements in and under the Option Agreement.

The Rio Silver Shares and the Virginia Shares to be issued will be issued under a private placement exemption and subject to a four-month restricted period stipulated in a legend, before becoming freely tradable.

The contemplated transaction is expected to close on or before February 6, 2014, subject to final regulatory approvals, including the TSX-V for Rio Silver and the Toronto Stock Exchange for Virginia.

For further information, please contact

Jeff Reeder, President, CEO
Tel: (647) 302-3290

Dan Hamilton, Chief Financial Officer
Tel: (416) 479-9546 Ext 404

This news release includes certain information that may constitute “forward-looking information” under applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements about planned operations. Forward-looking information is necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks identified in the annual information forms, management discussion and analysis and other securities regulatory filings by Rio Silver on SEDAR (including under the heading “Risk Factors” therein). There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of Rio Silver’s management and information available to management as at the date hereof. Rio Silver disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

Neither TSX and the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX and TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

January 13, 2015, 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 6,000,000 units (“Units”) at $0.05 per Unit for gross proceeds of up to $300,000 (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 entitle the holder to acquire one additional common share of the Company at a price of $0.075 per share. The Warrants will expire twenty-four 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 announcing an earlier 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 and the Gerow Lake project in Ontario, (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 party 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 exempt from the formal valuation requirements under Section 5.4 of MI 61-101 and the minority approval requirements under Section 5.6 of MI 61-101 pursuant to the Company’s reliance on the financial hardship exemption under Sections 5.5(g) and 5.7(1)(e), respectively, of MI 61-101. Completion of the Offering will 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 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 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 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:
Jeff Reeder, President, CEO
Tel: (647) 302-3290

Dan Hamilton, Chief Financial Officer
Tel: (416) 867-1591 Ext 303

Website: www.riosilverinc.com

October 15, 2013, Toronto, Ontario, Canada – Rio Silver Inc. (the “Company”) (TSX.V: RYO) announces that it has signed an investor relations contract (the “Contract”) with YES International (the “Consultant”) www.yesinternational.com to provide investor relations and corporate communication services to the Company. The Contract has a term of six months and is subject to receipt of the approval of the TSX Venture Exchange (the “Exchange”). Under the Contract, the Company has agreed to compensate the Consultant by way of a grant of stock options, subject to regulatory approval, exercisable to acquire up to 300,000 common shares of the Company at $0.05 per share for a period of five years from the date of issuance, and reimbursement of certain approved expenses. These options shall be governed by the Company’s stock option plan, vest quarterly over twelve months and comply with Policy 4.4 of the Exchange.

The Consultant and its principal, Richard Kaiser, are located in Virginia Beach, VA, USA and provide investor relation and corporate communication services, are at arm’s length to the Company, and neither party owns any securities of the Company.

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

Dan Hamilton
Chief Financial 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 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 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.

For more information contact:

Jeff Reeder, President, CEO
Tel: (647) 302-3290

Dan Hamilton, Chief Financial Officer
Tel: (416) 479-9546 Ext 404

Website: www.riosilverinc.com

July 12, 2013, Toronto, Ontario, Canada – Rio Silver Inc. (the “Company”) (TSX.V: RYO) is pleased to announce that at the Company’s Annual General Meeting of Shareholder’s the shareholders elected as Directors for the ensuing year; John Magee, Jay Sujir, Steve Brunelle, Jeffrey Reeder and Edward J. Badida. Parker Simone LLP were reappointed as Auditors and the Company’s Stock Option Plan was approved.

The Board of Directors have appointed John Magee as non-executive Chairman, Jeff Reeder as President and CEO, and Dan Hamilton as CFO. Mr. Dwight Walker has been engaged as a consultant to the Company and Ryan Grywul (P.Geo) has been appointed Vice President of Exploration. Mr. Grywul has over 10 years of exploration experience in Latin America. Mr. Reeder is a Professional Geologist with almost 20 years of Peruvian exploration experience and was responsible for the staking of the Company’s Ninobamba project in Peru for Minera Rio Plata SAC (acquired by Rio Silver in 2011).

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

T John Magee
Chairman

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 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 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.

For more information contact:

John Magee, Chairman
Tel: (416) 817- 5707

Jeff Reeder, President, CEO
Tel: (647) 302-3290

Website: www.riosilverinc.com

May 2, 2013 – Toronto, Canada – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) has received a notice of termination on the previously announced non-binding letter of intent to option its 100% owned Niñobamba silver and gold project in Peru. (See news release issued April 5, 2013).

The party to the agreement has indicated that it intends to remain focused on its current exploration financial commitments and will not be opening a Peruvian mining and exploration office at this time. Rio Silver has received the non-refundable payment of US$100,000 that was required under the terms of the agreement to be paid upon the signing of the letter of intent.

The Niñobamba property was recently expanded by the staking of an additional 2000 hectares of mineral concessions bringing the total to 4,100 hectares and is 100% owned with no underlying royalties. It is located approximately 330 kilometres southeast of Lima, in the Department of Ayacucho, Peru. The Company views the project as a bulk mineable disseminated silver-gold target. In total seventeen trenches were excavated by the local community during the 2012 exploration campaign and the results were summarized in a news release issued January 14, 2013.

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

T John Magee
CEO and President

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 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 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.

For more information contact:

T. John Magee, P.Geo.
Tel: 416-479-9546

Dwight Walker
Tel: 416-567-2785

Website: www.riosilverinc.com

April 05, 2013 – Toronto, Canada – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) is pleased to announce that it has entered into a non-binding letter of intent (the “LOI”) with a public mining company (the “Optionee”) whereby, subject to regulatory approval, the Optionee may initially earn a 51% interest in Rio Silver’s Peruvian Subsidiary Minera Rio Plata S.A.C. (“Minera”) which holds title to the Niñobamba Silver and Gold property (“Niñobamba” or the “Property”) by completing exploration expenditures and financial commitments totalling US $25 million over a five year period. The LOI is further subject to due diligence by the parties and upon completion of due diligence review, the parties intend to enter into a definitive agreement (the “Definitive Agreement”) containing standard industry terms.

The Niñobamba property covers 2100 hectares and is 100% owned with no underlying royalties. It is located approximately 330 kilometres southeast of Lima, in the Department of Ayacucho, Peru. The Company views the project as a bulk mineable disseminated silver-gold target. In total seventeen trenches were excavated by the local community during the 2012 exploration campaign and the results were summarized in a news release issued January 14, 2013.

Under the terms of the LOI, the Optionee has the option to acquire a 51% interest in Minera by completing an exploration program with eligible expenditures amounting to US$25,000,000 including certain payments listed below. Eligible exploration expenditures include, but are not limited to community relations, environmental studies, geological mapping and trenching, successive drilling and metallurgical programs with the purpose of defining a mineral resource to justify an economic assessment. The terms of the LOI also include the requirement to complete a minimum of 4,000 metres of diamond drilling within one year of receiving the initial drilling permit and an additional 6,000 metres of diamond drilling by the end of the
second-year subject to receipt of the necessary permits.

In addition, the terms of the LOI obligate the Optionee to make the following payments to Rio Silver, in order to maintain the Optionee’s option:

(i) US $100,000 upon the signing of the Letter of Intent
(ii) US $250,000 upon the signing the Definitive Agreement
(iii) subscribe for units of the Company in the amount of CDN $500,000 under the Company’s offering (the “Offering”)
(iv) CDN $500,000 payment or exercise of Series A warrants to be issued under the Offering
(v) CDN $500,000 minimum payment or exercise of Series B warrants to be issued under the Offering

Total payments to the Company during the first 24 month option period are approximately CDN $1,850,000 (including the proceeds from the Offering). In addition to these payments, a final payment to Rio Silver of US $500,000 is required to complete the 51% option.

The LOI contemplates that the Optionee will invest in the Offering within 10 business days following regulatory approval of the Definitive Agreement. The Offering will consist of 5,000,000 units at $0.10 per unit for gross proceeds of $500,000. Each unit will consist of one common share and one half Series A share purchase warrant and one half Series B warrant. Each full Series A warrant will entitle the holder to acquire one common share of the Company at a price of $0.20 per share for a period of one year from closing. Each full Series B warrant will entitle the holder to acquire one common share of the Company at a price of $0.25 for a period of two years from closing.

As the Optionee may be precluded from exercising the Series A or Series B warrants due to restrictions imposed pursuant to applicable securities laws, the Optionee will have an option to pay Rio Silver $500,000 in lieu of exercising each series of warrants for an additional cash consideration of $1,000,000 over two years from closing as a condition of the LOI. All of 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 TSX Venture Exchange.

Provided that the Optionee earns not less than 51%, the Optionee may earn an additional 14% interest in Minera within the subsequent three (3) year period by completing a best efforts undertaking to complete all required actions to prepare the Property for a production decision, including obtaining all required permits from the applicable Peruvian government ministry or agency and preparing a study which will form the basis upon which Rio Silver and the Optionee will be obliged to contribute their pro-rata share of capital expenditures to achieve commercial production. A final payment to Rio Silver of $500,000 is required to complete the additional earn in.

I got Tramadol drops from https://www.philipsanimalgarden.com/cheap-tramadol/, to take when needed, in case of “breakthrough pain”. The effectiveness of these drops was very good, they helped my pain within a very short time. However, I found it uncomfortable that some of them got a little dizzy. Also, it is always a little tricky with high-dose painkillers in the form of drops.

The net proceeds of the private placement will be used for exploration expenses and general corporate purposes. The LOI includes a 45 day exclusive due diligence period to be completed by May 19, 2013. The Company will pay certain finder’s fees in connection with this proposed LOI and Offering subject to the policies of the TSX Venture Exchange.

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

T John Magee
CEO and President

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 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 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.

For more information contact:

T John Magee, P.Geo.
Tel: (416) 479-9546

Dwight Walker
Tel: (416) 567-2785

Website: www.riosilverinc.com

February 19, 2013, Toronto, Ontario, Canada – Rio Silver Inc. (TSX-V: RYO) (the “Company”) is pleased to report that it has closed the last tranche of its previously announced private placement raising aggregate gross proceeds of $418,149.99. The last tranche consisted of $27,000 in gross proceeds by issuing 300,000 units of the Company. Over the three tranches an aggregate of 4,646,111 units (the “Units”) were issued at $0.09 per Unit (including 4,346,111 Units previously announced). Each Unit issued under the third tranche consists of one common share of the Company and one common share purchase warrant exercisable at $0.12 per share until February 15, 2014.

In connection with the third tranche, no finder’s fees were paid. All of the securities issued under the third tranche will be subject to a statutory hold expiring on June 16, 2013.

I got diarrhea and fever. I passed the analysis at the hospital and it turned out to be intestinal poisoning. The infectious disease specialist prescribed me to drink antibiotics for a week. Three days later, I felt better, diarrhea with fever disappeared. A month later, I re-passed the analysis and it turned out to be clean.

The proceeds of the private placement will be used by the Company in connection with its exploration program at the Company’s Niñobamba silver and gold project in Peru, and for working capital purposes.

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

Dwight Walker
CFO

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 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 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.

For more information contact:

Dwight Walker, CFO
Tel: (416) 567-2785

Website: www.riosilverinc.com

February 5, 2013, Toronto, Ontario, Canada – Rio Silver Inc. (TSX-V: RYO) (the “Company”) is pleased to report that it has completed the first two tranches of its previously announced private placement consisting of 4,346,111 units (the “Units”) at $0.09 per Unit for aggregate gross proceeds of $391,149.99. Each Unit consists of one common share of the Company and one common share purchase warrant exercisable at $0.12 per share until December 21, 2013 and February 4, 2014 for the first and second tranches respectively. In connection with the private placement, the Company paid finder’s fees comprised of an aggregate of $10,449 in cash and issued an aggregate of 116,100 broker warrants exercisable to acquire one common
share of the Company at a price of $0.12 per share until December 21, 2013 and February 4, 2014 for the first and second tranches respectively. All of the securities issued will be subject to a statutory hold expiring on April 22, 2013 and June 5, 2013 for the first and second tranches respectively.

The proceeds of the private placement will be used by the Company in connection with its exploration program at the Company’s Niñobamba silver and gold project in Peru, and for working capital purposes.

The Company has granted to a director an aggregate of 1,000,000 incentive stock options under the Company’s stock option plan, subject to Exchange approval. Each such option may be exercised by the holder to purchase one common share of the Company at a price of $0.10 for a period of five years from the date of the grant.

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

Dwight Walker
CFO

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 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 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.

For more information contact:

Dwight Walker, CFO
Tel: (416) 567-2785

Website: www.riosilverinc.com