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File: ryonr.pdf

        RIO SILVER ANNOUNCES TERMINATION OF NINOBAMBA PROPERTY OPTION
                       AGREEMENT AND EXTENSION OF WARRANTS

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 Ninobamba
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 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 with
--->in,
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 stateme
--->nts
include market prices, exploitation and exploration successes, continued availability of capital and financing, and ge
--->neral
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                          Dan Hamilton, Chief Financial Officer
Tel: (647) 302-3290                                  Tel: (416) 479-9546
Website: www.riosilverinc.com




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