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 of $0.05 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 https://indianvalleyfitness.com/isotretinoin/. Subject to regulatory approval, the 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 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 except as required by applicable laws.

For more information contact:

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

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

Website: www.riosilverinc.com

January 5, 2018, Toronto, Ontario, Canada – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) announces that the Company and Magellan Gold Corporation have agreed to mutually terminate the property option agreement signed on October 24, 2016, and relating to the Company’s 100% owned Niñobamba Silver/Gold Project in Peru. The additional details of the option agreement were previously announced on October 24, 2016.

The Company also announces that it intends to apply to the TSX Venture Exchange to amend the terms of a total of 1,250,000 outstanding share purchase warrants issued pursuant to a private placement that closed on January 19, 2017. These warrants are exercisable at a price of $0.06 per share and are currently set to expire on July 19, 2018, as set out in the press release of the Company on January 19, 2017. The proposed amendment is limited to the extension of the expiry date of the warrants without changes to the exercise price of $0.06 per warrant share. Subject to regulatory approval, the proposed new date for expiry of the warrants is January 19, 2020.

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 except as required by applicable laws.

For more information contact:
Jeff Reeder, President, CEO
Tel: (647) 302-3290

Dan Hamilton, Chief Financial Officer
Tel: (647) 302-3290 Tel: (416) 479-9546

Website: www.riosilverinc.com

August 10, 2017, Toronto, Ontario, Canada – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) announces that a total of 1,700,000 options to purchase common shares of the Company have been granted to directors, officers and employees at an exercise price of $0.05 per share, expiring on August 9, 2019. The grant is subject to regulatory approval. https://healthylifestyletea.com/shop/buy-xanax/ tops my rating of the best online pharmacies selling Xanax. Let me explain why. First, they offer quality drugs. Secondly, their prices are very reasonable. Thirdly, they have top-notch customer support service. Finally, the medicines are delivered in opaque packages within a day or two after processing the order.

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

Steve Brunelle
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 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 except as required by applicable laws.

For more information contact:

Steve Brunelle, Director
Tel: (416) 479-9546
Website: www.riosilverinc.com

March 16, 2017, Toronto, Ontario, Canada – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) announces that it has received TSX Venture Exchange approval 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 $0.08 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 statutory hold period expiring on July 17, 2017. Completion of the Transaction will allow the Company to significantly improve its current working capital deficiency position.

The Company also announces that Magellan Gold Corporation’s (“Magellan”) (OTCQB: MAGE) ownership of the Company has been reduced to 7.65% of the Company’s issued and outstanding share capital as a result of the common shares that were issued to settle the debt. Magellan neither acquired nor disposed of any securities of the Company.

Prior to the share issuances by the Company, Magellan held 2,750,000 common shares, representing 8.99% of the issued and, assuming exercise of the 2,750,000 warrants, Magellan would have held 5,500,000 common shares, representing 16.49% of the then issued and outstanding shares of the Company.

Following the additional share issuances by the Company as described above, Magellan holds 2,750,000 common
shares, representing 7.65% of the issued and outstanding common shares of the Company, and assuming exercise of
the 2,750,000 warrants, Magellan would hold 5,500,000 common shares, representing 14.05% of the issued and
outstanding shares of the Company.

In the future, Magellan or its affiliates may acquire additional securities of the Company or dispose of such securities through the market or otherwise subject to a number of factors, including general market and economic conditions, other investment and business opportunities available and other circumstances.

This news release is being issued in accordance with National Instrument 62-103 – The Early Warning System and
Related Take-Over Bid and Insider Reporting Issues in connection with the filing of an early warning report dated
September 16, 2016. The early warning report respecting the transaction has been filed on the System for
Electronic Document Analysis and Review (“SEDAR”) under the Company’s profile at www.sedar.com or may be
obtained by contacting Dan Hamilton at (416-479-9546).

Magellan’s office is at 2010A Harbison Drive #312, Vacaville, California, USA, 95687.

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

“Steve Brunelle”
Chairman

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 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

Steve Brunelle, Chairman
Tel: (416) 854-2552

Website: www.riosilverinc.com

March 3, 2017, Toronto, Ontario, Canada – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) announces that Mr. John Magee has resigned as a director of the Company and from all other positions with the Company. The Board of Directors would like to thank Mr. Magee for his contribution to Rio Silver over the years.

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.

For more information contact:
Jeff Reeder, President and CEO
Tel: (647) 302-3290

Steve Brunelle, Chairman
Tel: (416) 854-2552
Website: www.riosilverinc.com

(February 27, 2017: Toronto, Canada) Rio Silver Inc. (TSX.V: RYO) (“Rio Silver” or the “Company”) and its project partner, Magellan Gold Corporation (OTCQB: MAGE) (“Magellan”), jointly (“the Partners”) announce that they have initiated exploration work on the expanded Niñobamba Project, located 330 km southeast of Lima in the Department of Ayacucho, Peru.Recent strategic additions to the land package have created a large, contiguous property consisting of 3100 hectares and another 553 hectare concessions pending title confirmation. (See news releases of September 8, 2016 and January 10, 2017). Magellan will be spending US$2 million at the Niñobamba project to earn its 50% interest.

Project History: Significant historical exploration work has been conducted at several of the Niñobamba concessions over many years by previous property owners; AngloGold, Bear Creek Mining, Newmont Gold and Southern Peru Copper Corp. This historical work provides the project with much exploration data and numerous gold, silver and combined silver/gold targets in an historic silver mining district with positive infrastructure in mining-friendly Peru. A geologic environment that suggests the potential for high sulphidation, epithermal precious metal deposits has the Company’s geologists focusing first on the area trenched earlier by the Company. Two subparallel zones of silver/gold and silver mineralization; the “Niñobamba North Zone” and the “Niñobamba South Zone,” exhibited good continuity, substantial widths at surface and strike extents of 400+ meters as outlined by the results of the 17 trenches completed in the 2012 program. Mineralization demonstrates the potential for an outcropping, bulktonnage, and disseminated-silver/gold resource. Surface trenches were cut perpendicular to the mineralized zones and highlights of the trench assay results from the “Niñobamba North Zone” include; 56 metres of 1.03 g/t Au and 98.9 g/t silver in trench TR-01; 21 metres of 121 g/t Ag in trench TR-04; and 108 metres of 62.4 g/t Ag in trench TR-05. Highlights of the trench assay results from the “Niñobamba South Zone” include; 42 metres of 131 g/t Ag in trench TR-02; 29 metres of 119.3 g/t Ag in TR-03; and 23 metres of 92.1 g/t Ag in TR-11. All trench samples were rock saw cut channel samples and are summarized in the Company’s news release dated January 14, 2013 and are posted at the Company’s website.

2017 Program: With the recent property additions, there are potential strike extensions to the southwest of the Niñobamba North and South Zones. Additionally, there are new targets to the west on the newly added concessions that were the focus of previous gold exploration programs by Newmont Gold and Southern Peru Copper Corp. The Partners have initiated a compilation of the available new data. The review of this new data will help guide exploration that is additional to the further definition of the Niñobamba North and South Zones that will be the target of diamond drilling during the 2017 year as part of the requirements of the Magellan option to earn its property interest. The extent and timing of the 2017 exploration program will be determined shortly once all compilation materials have been reviewed by the Technical Committee that has been established by the Partners. Rio Silver’s Executive Co-Chairman, Steve Brunelle states, “The drilling of the Niñobamba Zones will be a very exciting part of our 2017 exploration effort. We anticipate a progressive outlining of a silver/gold resource at these targets. Additionally, we now possess a significant surrounding property portfolio with several intriguing gold
targets to build upon. This year should be very positive for the Partners and all our shareholders.”

Magellan has established its Peruvian subsidiary, and as Operator of the program, will rely upon the 20+ years of Peruvian exploration experience of the Rio Silver geological team. Magellan’s President, Pierce Carson states, “We are excited by the high quality of the exploration targets being generated, which include potentially bulk-minable disseminated precious metals as well as high grade veins. With our expanded ground position and multitude of untested or only partially tested precious metals anomalies, we believe chances are excellent for discovery of one or more economic ore deposits.”

Jeffrey Reeder, P.Geo., and a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation, or approved the scientific and technical disclosure contained in this news release.

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

Steve Brunelle
Executive Co-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 except as required by applicable
laws.

For more information contact:
Steve Brunelle, Executive Co-Chairman
Tel: (416) 479-9546

Jeffrey Reeder, Director and CEO
Tel: (416) 479-9546 Tel: (647) 302-3290

Website: www.riosilverinc.com

January 13, 2017, Toronto, Ontario, Canada – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) is pleased to announce that, further to its previous news release on October 25, 2016, the second of two financings contemplated in its transaction (“Transaction”) with Magellan Gold Corporation (“Magellan”) (OTCQB – MAGE) will consist of a non-brokered private placement of 1,250,000 units (“Units“) at $0.06 per Unit for gross proceeds of $75,000 (the “Offering“). Each Unit will consist of one common share of the Company and one common share purchase warrant (the “Warrant”) entitling the holder to acquire one common share of the Company at a price of $0.06 for a period of eighteen months from the date of issue. Pursuant to the Transaction with Magellan, it is intended that Magellan will subscribe for the entire Offering.

No finder’s fees are expected in connection with the Offering. The closing of the Offering remains subject to regulatory approval and is expected to occur as soon as regulatory approval has been obtained. The securities issued will be subject to a four month statutory hold period. The proceeds from the Offering will be used for working capital and general and administrative purposes.

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 except as required by applicable laws.

For more information contact:

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

Dan Hamilton, Chief Financial Officer
Tel: (647) 302-3290 Tel: (416) 479-9546

Website: www.riosilverinc.com

January 9, 2017, Toronto, Canada – (“Rio Silver” or the “Company”) (TSX.V: RYO) is pleased to announce that it has acquired by application, an additional 553 hectare concession immediately west of and adjoining to the Niñobamba Silver-Gold Project (“Niñobamba”) that now comprises 3653 hectares. The new concession covers a significant exploration program conducted by Newmont Mining Corporation and the concession title is expected to be granted from the Peruvian Ministry within the first half of 2017. The new concession will be included in the Option Agreement with Magellan Gold Corporation (“Magellan”) (OTCQB – MAGE) (see Company’s news release of October 24th, 2016).

In 2016, the Company acquired three concessions adjacent to the main Niñobamba zone from Newmont Mining Corp. and Southern Peru Copper Corp. (see Company’s news release of September 8, 2016). The acquisition included an extensive database with results and reports from a substantial exploration program also encompassed by the 553 hectares.

Significant exploration was completed within the new concession that covers extensive alteration believed to be part of the same high-sulphidation silver-gold system identified on the main Niñobamba zone located 6.5 kilometres to the east. Four prospective areas were identified by the previous owners of which a zone called Jorimina returned prospective precious metal results.

The Jorimina zone is situated within a collapsed caldera and the rocks are dominantly rhyolite to dacite volcanics. Gold and silver mineralization in the zone is related to north easterly striking, steeply dipping, quartz-galena-pyrite veins and veinlets. Surface work programs completed by Newmont Mining included mapping, 2114 rock samples, and induced polarization geophysics that identified a gold anomalous area of approximately 700 metres by 1000 metres and four strong chargeability anomalies coinciding with gold-silver in rock anomalies. Two of the four chargeability anomalies were defined as 680 metres by 150 metres and 700 metres by 200 metres. Highlights of the surface sampling from channel rock samples from the historic database include 17.4 metres of 3.06 grams per tonne (“g/t”) Au and 200 metres of 0.26 g/t Au. The Company has not completed work to verify the results of the historical surface work and diamond drilling.

From 2009 to 2010, Newmont Mining Corp. completed thirteen diamond drill holes totaling 4377 metres at Jorimina testing the 4 chargeability anomalies and limited detailed assays are available from the mineralized drill-hole intercepts in this zone. In highlight from the historic reports available, the better intercept from those holes, show drill-hole JOR-001 returned 72.3 metres of 1.19 grams per tonne (“g/t”) Au starting at 53 metre depth. The true widths of mineralization from this drilling are not yet known and the Company is compiling the historic data in preparation for future work programs.

The Jorimina zone is located 6.5 kilometers west of the main Niñobamba mineralized zones located on the original concessions owned by the Company. Historical diamond drilling results conducted by AngloGold in 2001 on the main zone included DDH-2, which reported assay results of 87 g/t silver over a drilled interval of 130 metres starting from a depth of nine metres, and DDH-4, reporting 54 g/t silver over a drilled interval of 96 metres starting from 23 metres. The true widths of mineralization from this drilling are not yet known.

Highlights from the trenching program conducted by Rio Silver in 2012 at the main Niñobamba zone where the Company discovered a new gold-silver zone include; 56 metres of 1.03 g/t Au and 98.9 g/t Ag in trench TR-01 and 21.77 metres of 1.32 g/t Au and 102.46 g/t Ag in TR-04 ending in mineralization (see Rio Silver News Release of January 14, 2013). These results show that the Niñobamba property has a strong gold component, and further exploration is required to determine the precious metal zonation, alteration patterns and widths. The trenches were cut approximately perpendicular to the mineralized structure, and the true width of mineralization cannot be determined at this time.

Rio Silver has recently entered into a Definitive Agreement (see Company’s news release of October 24, 2016) that grants to Magellan an option to earn an undivided 50% interest in the Company’s Niñobamba project which now includes the newly acquired concession. Magellan is required to spend the next $2-million (U.S.) on exploration at Niñobamba.

Rio Silver’s CEO, Jeffrey Reeder, stated: “We are extremely pleased to acquire by application this new area adjoining our extensive land package. By acquiring this new area, the extent of the mineralization on our land has now expanded to over 6 kilometres in an east-west direction. More importantly, the gold and silver mineralization and alteration system present in the Niñobamba area is now consolidated into one land package. We plan on aggressively exploring the extensive high-sulphidation system with our partner Magellan in 2017”

Ryan Grywul, P.Geo., Vice President of Exploration, and a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation, and approved the scientific and technical disclosure contained in this news release.

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 except as required by applicable laws.

For more information contact:

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

Dan Hamilton, Chief Financial Officer
Tel: (647) 302-3290 Tel: (416) 479-9546

Website: www.riosilverinc.com

October 24, 2016, Toronto, Canada – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) is pleased to announce that the Company and Magellan Gold Corporation (“Magellan”) (OTCQB – MAGE) have signed the Definitive Agreement (the “Agreement”) as referred to in their earlier news releases of July 4 and July 5, 2016. The Agreement sets out the detailed terms whereby Magellan has an option (the “Option”) to earn an undivided 50% interest in the Company’s Niñobamba Silver/Gold Project (“Niñobamba” or the “Project”) located approximately 330 kilometre southeast of Lima, in the Department of Ayacucho, Peru. Pursuant to the Agreement, in order to exercise the Option, Magellan must spend US$2 million over the next 3 years, on qualifying expenditures for the further exploration of the silver/gold mineralization that was outlined at the Project in earlier trenching campaigns (trenching results can be viewed at the Company’s website http://www.riosilverinc.com/peru.php). Additionally, Magellan is obligated to subscribe for two Rio Silver Private Placement Unit financings of $75,000 each. The first Private Placement closed on August 23, 2016 (see news release of August 23, 2016). The second Private Placement Financing is expected to close within the next 90 days. A technical committee with representation from both companies will set the work programs and associated budgets for the Project during the option period.

With the signing of the Agreement, exploration work will now begin at the Project. Local community agreements and drilling permits will be secured to allow for surface exploration and a first phase of drilling. The companies anticipate drilling in early 2017. Rio Silver’s extensive exploration experience (over 20 years of operating experience in Peru) will be relied upon to guide the work at the Project.

The Company recently acquired 3 concessions (2200 additional hectares) from Newmont/Southern Peru Copper Corp (see news release of September 8, 2016) that adjoin to the west of the main Niñobamba concession. These concessions provide coverage of the potential for extensions of the surface silver and gold mineralization to the south and west of the zones trenched in 2012. These additional concessions now form a part of the Niñobamba Project and are subject to the Agreement. The companies expect to review data that was part of the acquisition and will undertake follow up exploration work as a result of this compilation and the recommendations from this review.

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Rio Silver’s CEO, Jeffrey Reeder, P Geo states, “We are excited that we now have the opportunity to advance the exploration work at Niñobamba. Magellan Gold is a knowledgeable partner that shares our vision of identifying a bulk mineable silver and gold deposit at Niñobamba and we welcome them as a shareholder of our Company. The imminent work programs under Magellan’s “earn – in” will provide a steady stream of project news and we expect to have the drilling commence early in the coming year!”

Magellan Gold’s CEO, P Geo, Pierce Carson says, “The Niñobamba Project has all the early indications of a significant, disseminated precious metal system. With Rio Silver’s local expertise to guide us, we expect to begin our work immediately. We feel that there is great value to be defined by our upcoming progams and that our shareholders will be duly rewarded.”

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

Steve Brunelle
Executive Co-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 except as required by applicable laws.

For more information contact:
Steve Brunelle, Executive Co-Chairman
Tel: (416) 479-9546

Jeffrey Reeder, Director and CEO
Tel: (416) 479-9546 Tel: (647) 302-3290

Website: www.riosilverinc.com

September 8, 2016, Toronto, Ontario, Canada – Rio Silver Inc. (“Rio Silver” or the “Company”) (TSX.V: RYO) is pleased to announce that it has entered into an agreement (the “Agreement”) with Minera Niñobamba S.A (a private arm’s length Peruvian company owned jointly 60:40 by Newmont Mining Corporation and Southern Peru Copper Corporation) to acquire three concessions, totaling 2,200 hectares located immediately west and adjacent to Rio Silver’s Niñobamba Silver-Gold Project.

Under the terms of the Agreement, Minera Niñobamba S.A. (the “Vendor”) will transfer the Chanca 908, Chanca 909 and Chanca 910 mineral concessions to Rio Silver’s Peruvian subsidiary in return for a cash payment of US $20,000 and a 2% Net Smelter Royalty payable to the shareholders of the Vendor. Part of the transaction also includes an extensive database including geophysical data, detailed drill data, geological, and geochemical data.

Following the acquisition, Rio Silver will control a large project (> 25 square kilometres) totaling 3,100 hectares. The acquisition of the new concessions covers an extensive alteration zone which is believed to be part of the same high sulphidation Au-Ag system identified on Rio Silver’s property. The new properties add favourable local infrastructure and better access to the main showings. The majority of the surface rights on the newly acquired concessions are owned by the same local community where Rio Silver established a positive working relationship in 2012.

Previous exploration by the Vendor identified several exploration targets of which four goldcopper targets were subjected to limited drilling programs. Several other distinct silver and silver-gold anomalies were identified but were not drilled. Some of these silver anomalies are believed to be the western extensions of the Company’s North, Dilation, Escondida and South zones that returned positive assay results during the 2012 trenching and sampling program (see News Release of January 14, 2013). In highlight, the Company’s trench TR-02, cut perpendicular to the strike of the mineralized zone, is the westernmost trench in the South zone and returned 42 metres of 131 g/t Ag, or 4.22 oz/t Ag, coinciding with a 1,800 metre silver anomaly identified in the newly acquired data. The new data demonstrates that the South zone remains open along strike to the west. Please go the following link to see a map of the concessions http://riosilverinc.com/rio-nnba.php

The extensive, historical database includes results from 18 diamond drill holes, ground magnetic and induced polarization geophysical data, metallurgical work, 3,837 rock samples, 2,992 channel samples and 1,468 remote sensing alteration samples. The Company’s geologists will complete a detailed compilation and incorporate the newly acquired data with the Company’s existing database.

Rio Silver has recently entered into a letter of intent that grants to Magellan Gold Corporation (OTCQB-MAGE) (News Release of July 4, 2016) an option to earn an undivided 50% interest in the Company’s Niñobamba project which now includes the newly acquired concessions. Magellan Gold is required to expend the next US$2 Million on exploration at the Niñobamba project.

Subject to regulatory approval, the Company will pay a finder’s fee to an arm’s length third party regarding the Agreement in accordance with the policies of the TSX Venture Exchange.

Rio Silver’s Chairman, Steve Brunelle states, “We are delighted that we have not only partnered with Magellan Gold to recommence exploration at Niñobamba, but we have significantly added to the project’s silver potential with this important acquisition. It is clear that the previous owners focused only on the gold-copper targets leaving several untested silver and silver-gold anomalies to be further explored.”

Ryan Grywul, P.Geo., Vice President of Exploration, and a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation, and approved the scientific and technical disclosure contained in this news release.

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

Steve Brunelle
Executive Co-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 except as required by applicable laws.

For more information contact:
Steve Brunelle, Executive Co-Chairman
Tel: (416) 479-9546

Jeffrey Reeder, Director and CEO
Tel: (416) 479-9546 Tel: (647) 302-3290

Website: www.riosilverinc.com