Southern Silver Announces New Drill Program at Cerro Las Minitas, Durango Mexico - Seite 2

Engagement of Golden Capital

Southern Silver has engaged Golden Capital Consulting Ltd. ("Golden Capital") to assist in formulating a capital markets strategic plan in Europe for an initial term of 12 months. Southern Silver has agreed to compensate Golden Capital with quarterly share issuances each valued at $25,000 using the Discounted Market Price of such shares (as determined in accordance with the policies of the TSX Venture Exchange) and each such share issuance is subject to TSX Venture Exchange acceptance. 500,000 common shares have been issued in respect of the first quarter and are subject to a hold period expiring July 25, 2014. Pursuant to the engagement, Southern Silver has also granted Golden Capital 500,000 incentive stock options at an exercise price of $0.05 for a term of 60 months.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is a precious and base metal exploration and development company, and a member of the Manex Resource Group; a private company comprised of an exceptional multi-disciplinary team of professionals with specific expertise in all areas of exploration, development, corporate finance and public company administration.

The company's growth strategy is to acquire, explore and develop either directly or through joint venture relationships high-quality mineral properties in progressive jurisdictions within North America including Southern Silver's silver-lead-zinc Cerro Las Minitas project located in Durango, Mexico. Freeport-McMoRan Exploration Corporation currently holds an option to earn a 70% indirect interest in the project by making staged purchase payments and funding exploration and development expenditures of $25 million on the project over a ten year period.

Desert Star Resources Ltd. has the option to earn up to a 70% interest in the gold-silver-copper Oro project in New Mexico by making cash payments to underlying optionors, issuing one million shares, completing a preliminary economic assessment and incurring exploration expenditures of $6 million on the property over a period of 66 months. Southern Silver is currently advancing the porphyry copper-molybdenum Dragoon project in Arizona.

Robert Macdonald (P.Geo) is a Qualified Person as defined by National Instrument 43-101 and is responsible for the compilation and review of the technical content of this release.

On behalf of the Board of Directors

Lawrence Page, Q.C., President & Director, Southern Silver Exploration Corp.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general economic conditions, interest rates, commodity markets, regulatory and governmental approvals for the company's projects, and the availability of financing for the company's development projects on reasonable terms. Factors that could cause actual results to differ materially from those in forward looking statements include market prices, exploitation and exploration successes, the timing and receipt of government and regulatory approvals, and continued availability of capital and financing and general economic, market or business conditions. Southern Silver Exploration Corp. does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by applicable law.

Southern Silver Exploration Corp.
1.888.456.1112
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www.southernsilverexploration.com