SSV Southern Silver Exploration Corp

Southern Silver Exploration Corp. ("Southern Silver") (TSX
VENTURE:SSV)(FRANKFURT:SEG) reported today that it has finalized acquisition of
a 100% interest in the Oro property consisting of 157 BLM claims by the payment
of USD$150,000 to the underlying optionors. 


The Oro property consists of 157 BLM claims, two State leases and patented land
comprising approximately 17.2 sq km. Since 2006, Southern Silver has paid total
monetary consideration of USD$1,083,382 to purchase the claim package. The Oro
property is subject to a 2% net smelter return royalty which may be purchased
for $2 million.


To fund payment of the balance of the purchase price, Southern Silver received
payment of USD$150,000 from Desert Star Resources Ltd. ("Desert Star") which
holds an option to acquire up to a 70% interest in the Oro property by the
issuance of 1,000,000 common shares and incurring expenditure of USD$6 million
on exploration and development work together with the preparation and delivery
of a Preliminary Economic Assessment before 2019. 


The Oro Property

The Oro property is located in southern New Mexico, approximately 80 km
southwest of the Silver City porphyry copper district and lies within the
prolific Laramide Porphyry Copper Belt of the southwestern USA. The property
covers a highly prospective 6 square kilometer area of quartz-sericite-pyrite
alteration, interpreted to overlie an unexposed porphyry center. Classic
porphyry system zonation is indicated by surface gold and copper mineralization
associated with Laramide-age intrusions in this core area, flanked by lead-zinc
skarn mineralization and distal sediment-hosted gold occurrences.


From 2007-2011 and prior to the agreement with Desert Star, Southern Silver
completed surface mapping and sampling, a 455 line-kilometre airborne magnetic
survey over the entire property and 3,201 meters of diamond drilling which
tested several skarn and carbonate replacement targets along the periphery of
the porphyry target area. Exploration expenditures on the project during this
time totalled approximately $1.25 million.


In addition to bulk tonnage porphyry copper-molybdenum-gold potential, the Oro
Project claims also include the high-grade sediment-hosted Stock Pond gold
target. Reconnaissance rock sampling has been completed over a strike length of
140 meters at Stock Pond, yielding values up to 4.8 g/t gold. Gold
mineralization at Stock Pond is interpreted to be related to the main porphyry
center, located 4 kilometers to the southwest.


Desert Star, optionor of the property, has advised that it intends to conduct a
systematic exploration program on the Oro Project in 2013. The proposed 2013
exploration program includes detailed deep penetrating geophysical, surface
mapping, sampling, trenching and diamond drilling to test both the porphyry
potential on the property as well as the gold potential at Stock Pond.
Exploration is expected to start in the coming 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 and the Minas de Ameca
silver, lead-zinc project in Jalisco, 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. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Southern Silver Exploration Corp.
Liana Shahinian
1.888.456.1112
liana@mnxltd.com
www.southernsilverexploration.com

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