RYE Rhyolite Resources Ltd

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Rhyolite Resources Ltd. ("Rhyolite" or the "Company") (TSX VENTURE:RYE)
announces that the annual and special meeting of shareholders is to occur on
March 23, 2011 (the "Meeting") for the following purposes:




1.  To receive and consider the audited financial statements of the Company
    for the financial year ended June 30, 2010 and the report of the
    auditors thereon;
2.  To fix the board of directors of the Company to be elected at the
    Meeting at three (3) members and to elect the board of directors of the
    Company for the ensuing year;
3.  To appoint the auditors of the Company for the ensuing year and to
    authorize the board of directors of the Company to fix the auditors'
    remuneration;
4.  To consider, and if thought appropriate, to approve, with or without
    variation, an ordinary resolution relating to the renewal of the stock
    option plan of the Company; 
5.  To consider and, if thought appropriate, approve an amendment to the
    Company's articles to divide the issued and outstanding common shares of
    the Company on a two-for-one basis (the "Stock Split"); and
6.  To transact such other business as may properly be brought before the
    Meeting or any adjournment thereof.



Rhyolite believes that the Stock Split will enhance liquidity in the Company.
The Company currently has a total of 9,200,100 common shares issued and
outstanding. Following the Stock Split, the Company will have a total of
18,400,200 common shares issued and outstanding. 


The Stock Split is subject to shareholder approval at the Meeting and TSX
Venture Exchange acceptance.


ON BEHALF OF THE BOARD OF DIRECTORS OF RHYOLITE RESOURCES LTD.

Richard Graham, Director, President and CEO

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