Rio Cristal Announces Closing of $235,000 Non-Brokered Private Placement

Rio Cristal Resources Corporation (TSX VENTURE:RCZ)(BVL:RCZ) ("RCZ" or the
"Company") is pleased to announce the closing of a non-brokered private
placement for total proceeds of $235,020, which is $5,000 higher than the
proceeds anticipated in the Company's news release dated November 30, 2012, due
to oversubscriptions.


Because TSXV regulations limit the participation of Directors and other insiders
to 25% of a placement under 5 cents, the placement has two parts. The first is
for 4,429,128 units (the "First Units") of the Company at the price of $0.035
per First Unit, each First Unit consisting of one common share (a "Share") and
one non-transferable warrant for proceeds of $155,000. The second involved an
issuance to certain Directors and an officer of 1,600,000 units (the "Second
Units") at a price of $0.05 per Second Unit, each Second Unit consisting of one
Share and one non-transferable warrant for proceeds of $80,000. The exercise and
acceleration details of the warrants included in the First Units and the Second
Units are described in the Company's news release dated November 30, 2012. The
proceeds from the sale of the Units will be used as to pay accrued liabilities
as follows: $45,000 will be used to pay Peruvian suppliers; $130,000 will be
used to pay wages, benefits and taxes in Peru; and the balance will be used to
pay the Company's expenses in Canada. None of the proceeds of the private
placement will be used to compensate, settle indebtedness with or otherwise
satisfy obligations to any person that is a related party of the Company as
defined by the policies of the TSXV.


In consideration for services, a finder received fee consisting of: (i) a cash
commission of $4,200 representing 4% of the gross proceeds received from the
sale of the First Units to persons introduced to the Company by the finder; and
(ii) 180,000 Second Units representing 6% of the number of First Units issued to
persons introduced to the Company by the finder.


The Shares, and any Shares issued upon exercise of the warrants are subject to a
hold period and may not be traded until May 22, 2013 except as permitted by
applicable securities legislation and the rules and policies of the TSX Venture
Exchange.


The Board of Directors of the Company has approved the private placement, with
the directors participating in the private placement (Charles Preble, Thomas
Findley and Andrew Swarthout) abstaining from voting with respect to their
subscriptions.


About Rio Cristal Resources Corporation

Rio Cristal Resources is a Canadian corporation focused on development of the
18,000 hectare Bongara zinc property in northern Peru, which includes four
separate exploration projects. The Company is also actively reviewing other
zinc, gold and copper prospects in Peru.


The Company's shares are listed on the TSX Venture Exchange and the Bolsa de
Valores de Lima (Lima Stock Exchange) under the symbol RCZ.


This news release does not constitute an offer to sell or solicitation of an
offer to sell any securities in the United States. The securities have not been
and will not be registered under the United States Securities Act of 1933, as
amended (the "U.S. Securities Act") or any state securities laws and may not be
offered or sold within the United States or to U.S. Persons unless registered
under the U.S. Securities Act and applicable state securities laws or an
exemption from such registration is available.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Rio Cristal Resources Corporation
investor@riocristalresources.com
www.riocristalresources.com

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