Southern Silver Announces Earn-in Agreement with the Electrum Group and Proposed Exploration Program at the Cerro Las Minitas Property - Seite 2

About the Cerro Las Minitas Property

The Cerro Las Minitas property lies within the Faja de Plata (Belt of Silver) and is located just 70 kilometres to the northeast of the city of Durango in Durango State, Mexico, and is accessed easily by road. The Property consists of 18 concessions totaling 13,641 hectares in one of the most significant silver producing regions in the world with current reserves/resources and historic production in excess of 3 billion ounces of silver.

Since acquisition in 2010, drilling by Southern Silver on the Cerro Las Minitas project has totaled 23,310 metres in 75 core holes and has resulted in the identification of two high-grade silver-polymetallic deposits, the Blind zone and El Sol zone, which have been only partially delineated, and multiple new discoveries at the North Skarn and South Skarn targets and in extensions to the historic deposits at Mina Santo Nino and Mina La Bocona. Mineralization occurs as massive-sulphide pipes, veins and replacements in sub-vertical structures that demonstrate good continuity between drill holes. Mineralization is open on-strike and at depth in a geological environment similar to that of major Mexican Carbonate Replacement Deposits (CRDs) such as Santa Eulalia (45Mt of 310g/t Ag, 7.1% Zn and 8.2% Pb) and Skarn deposits such as San Martin (60Mt of 118g/t silver, 0.9% copper and 3 .9% zinc).

Geological modeling of the Blind and El Sol deposit using a nominal 80g/t AgEq cut-off has identified multiple distinct mineralized structures with a 820 metre cumulative strike-length and with depth projections of up to 350 metres below surface. Deeper mineralization has also been identified at the El Sol and Santo Nino zones.

The work to date provides the basis for future discoveries and the identification of potential Ag-Pb-Zn resources on the Property.

About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is a precious and base metal exploration and development company with a focus on mineral deposits in north-central Mexico and the southern USA. The Company engages in the acquisition, exploration and development either directly or through joint venture relationships in mineral properties in jurisdictions including the Cerro Las Minitas silver-lead-zinc project located in Durango, Mexico and the Oro porphyry copper-gold project located in southern New Mexico, USA.