Mr. Christopher Verrico reports

RIO SILVER ANNOUNCES GRANT OF STOCK OPTIONS

Rio Silver Inc. has granted an aggregate of 2.2 million incentive stock options to directors, officers and consultants of the company, exercisable at a price of 29 cents with the following exercise periods: (i) one year as to 1.06 million options; (ii) two years as to 60,000 options; and (iii) five years as to 1,115,000 options, from the date of grant. The grant of these options is subject to the approval of the exchange.

About Rio Silver Inc.

Rio Silver is a resource development company that has been selectively identifying and acquiring precious metal assets that are anticipated to produce near-term cash flow to best assist the company's exploration/development plans in a non-dilutive, shareholder-friendly way. It remains ever impressed and optimistic by the resilience and ingenuity of its host country as Peru continues to endorse supportive mining policies and continued growth as evident by the continuing investment being witnessed throughout Peru.

We seek Safe Harbor.