SSV Southern Silver Exploration Corp

Southern Silver Exploration Corp. (TSX VENTURE:SSV)(FRANKFURT:SEG) reported
today that high-grade polymetallic mineralization was returned from drill assays
at the Cerro Las Minitas Project, Durango, Mexico and that drill testing of a
gravel covered IP geophysical target has identified a new zone of polymetallic
mineralization separate from the previously known and historically mined ore
bodies. The success of these initial drill holes has prompted a significant
expansion of the current drill program.


Selected assays from drill hole 11CLM-006 include:



--  an upper 2.9 metre interval averaging 514g/t Ag, 12.8% Pb, 0.9% Zn
    within a broader 9.1 metre interval, from 215.5 to 224.6 metres
    downhole, averaging 194g/t Ag, 5.5% Pb and 1.8% Zn 
--  a deeper 3.7 metre interval averaging 184g/t Ag, 2.0% Cu, 0.3% Pb and
    18.4% Zn within a 17.4 metre interval, from 410.5 to 427.9 metres
    downhole, averaging 51g/t Ag, 0.4% Cu, 0.2% Pb and 4.7% Zn 



The upper mineralized interval intersected an oxidized silver-rich zone
associated with mineralized felsite dykes located approximately 100 metres to
the west of the Mina Santo Nino shaft and the contact with the central intrusive
body.


The deeper mineralized intercept tested approximately 80 to 100 metres down-dip
of the historic Mina Santo Nino workings and confirms the continued vertical
projection at depth of this strongly silver-enriched, polymetallic chimney.


Two other holes (11CLM-004, -005) tested the northern margin of the intrusive
body and returned anomalous silver and some base-metal values. Two additional
holes (11CLM-007, -008) have been completed and a third hole is in progress.
Southern has now completed approximately 2500 metres of a planned +3000 metre
Phase I drill program on the project.


The company also notes that potentially significant polymetallic mineralization
has been identified in the recently completed drill hole 11CLM-008, which
represents a new discovery within an IP geophysical target located under gravel
cover approximately 250 metres to the west of the contact with the central
intrusive body. Assays from this hole are still pending and will be released
upon receipt.


President Lawrence Page said: "The identification by diamond drilling of a blind
mineralized body, first located by ground geophysics and not associated with the
existing known ore bodies currently being exploited validates the company's
approach of using geophysics to identify potential ore bodies throughout the
gravel covered project area which are not associated with surface outcrops. This
discovery now makes all the many untested IP anomalies within the large land
package very legitimate targets to be explored on an expedited basis."


Positive results to date have lead to the expansion of the project into a second
phase program of 25 to 30 diamond drill holes totalling 10,000 metres. This new
drilling will target specific occurrences located within the area of historic
mining and several additional targets derived from the recently completed 36
line-km surface IP geophysical program over portions of the property. Surface
work on several regional targets continues.


To view Figure 1, visit the following link:
http://media3.marketwire.com/docs/613SSVfigure1.pdf




Table 1: Summary of Composited Assays from the Cerro Las Minitas Project 
-------------------------------------------------------------------------
Hole No.       From       To Interval       Ag       Cu       Pb       Zn
                  m        m        m      g/t        %        %        %
-------------------------------------------------------------------------
11CLM-004     214.5    219.0      4.5       20      0.4      0.4      --- 
-------------------------------------------------------------------------
11CLM-005       182      190      7.8      8.6      ---      ---      ---
-------------------------------------------------------------------------
11CLM-006     215.5    224.6      9.1      194      0.1      5.5      1.8
              220.4    223.3      2.9      514      0.1     12.8      0.9
                                                                         
              342.1    343.4      1.3       22      ---      1.0      2.1
                                                                         
              410.5    427.9     17.4       51      0.4      0.2      4.7
              410.5    411.3      0.7      162      0.4      2.1     10.4
              424.2    427.9      3.7      184      2.0      0.3     18.4
-------------------------------------------------------------------------



About the Cerro Las Minitas property

The Cerro Las Minitas property comprises 17 concessions which total 10,980
hectares and an approximate 25 kilometre lineal strike length. The property is
located about 70 kilometres to the northeast of the city of Durago, Durago
State, Mexico and is accessed easily by road.


Mining has been conducted on the property since colonial times and has
identified several types of silver-, lead- and zinc-enriched massive-sulphide
pipes, veins and carbonate-replacement deposits (CRDs), as well as mineralized
skarns at the margins of a large intrusive body. The Santa Eulalia replacement
deposit (45Mt of 310g/t Ag, 7.1% Zn and 8.2% Pb) and the skarn deposit of San
Martin (60Mt of 118g/t silver, 0.9% copper and 3.9% zinc) are examples of two
major Mexican mines occurring in similar geological environments(1).


Limited historical drilling on the project by Noranda (not independently
verified by Southern Silver) returned numerous intervals of higher grade silver
and base metals, including: a 11.45 metre interval (down hole) grading 123g/t
silver, 1.55% lead and 7.79% zinc from drill hole NGV-00-02 and a 1.41 metre
interval (down hole) grading 529g/t silver, 6.99% lead and 1.27% zinc from drill
hole NGV-00-06.


The mineralized zones at Cerro Las Minitas have been exploited to depths of 300
metres and over widths of 60 metres.


About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is a precious/base metal exploration 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 high-quality
properties in progressive jurisdictions within North America. Its current
projects include the silver-lead-zinc Cerro Las Mintas project and the
copper-gold-silver Minas de Ameca in Mexico, the porphyry copper-molybdenum
Dragoon project in Arizona and the gold-silver Oro project in New Mexico.


Robert Macdonald (P.Geo) is a Qualified Person as defined by National Instrument
43-101 and has reviewed and approved the technical contents of this release.


(1) Southern Silver advises that tonnage and grade of adjacent properties or
those used for comparative purposes may not reflect the ultimate potential of
the Cerro Las Minitas project 


On behalf of the Board of Directors

Lawrence Page, President, Southern Silver Exploration Corp.

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.

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