Minco Silver Announces Purchase of the Changkeng Gold Project

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 22, 2015) - Minco Silver Corporation (TSX:MSV)(OTCQX:MISVF)(FRANKFURT:XYD) (WKN:A0ESX5) (the "Company" or "Minco Silver") is pleased to announce that it and its wholly owned subsidiary, Minco Investment Holdings HK Ltd. ("Minco Investment"), have entered into a share purchase agreement (the "Share Purchase Agreement") with Minco Gold Corporation ("Minco Gold"), providing for the purchase by Minco Investment of Minco Gold's 51% undivided interest in the Changkeng Gold Project, for an aggregate purchase price of $13,732,260 (the "Purchase Price"), subject to certain adjustments.

The Changkeng Gold Project is held by Guangdong Mingzhong Mining Co. Ltd. ("Mingzhong"), a Chinese corporation owned 51% by two indirect wholly owned subsidiaries of Minco Resource Limited ("Minco Resource"), itself a wholly owned subsidiary of Minco Gold, with the remaining 49% held by an unrelated third party (the "Changkeng Joint Venture"). Minco Resources also holds exploration permits in various other regions of China, including the Longnan Project and the Gold Bull Mountain Project and the Tugurige Gold Project (collectively, the "Other Projects"). Following completion of the sale, Minco Silver will continue to hold, directly or indirectly, the Other Projects in trust for the benefit of Minco Gold. Minco Gold will also continue to hold its investment of 11,000,000 common shares in Minco Silver.

Transaction Overview

The Purchase Price is supported by an independent third party valuation by RwE Growth Partners Inc. dated May 7, 2015 (the "Valuation"), which determined that the Changkeng Gold Project has a fair market value in the range $21,700,000 to $29,600,000, with a midpoint of $25,700,000, or $13,100,000 based on Minco Gold's 51% interest in the property.

The Changkeng Property is located contiguous to, and part of the same mineralized system, with the Company's flagship Fuwan Project. The Fuwan Project currently includes a 51% interest in the silver mineralization within the Changkeng mineral exploration permit, . As the transaction shall proceed by way of a purchase by Minco Investment of all of the outstanding shares of Minco Resource, by acquiring Minco Resource the Company would hold the entire right to the 51% ownership of Mingzhong and therefore both the gold and silver mineralization of the Changkeng Property.