SSV Southern Silver Exploration Corp

Southern Silver Exploration Corp. ("Southern Silver") (TSX
VENTURE:SSV)(FRANKFURT:SEG) has closed the first tranche of its previously
reported non-brokered private placement by issuing 6,830,150 units at a price of
$0.02 per unit for gross proceeds of $136,603. Each unit consists of one common
share and one share purchase warrant exercisable to purchase one additional
common share for a period of three years at an exercise price of $0.05 per
share. Securities issued pursuant to this tranche of the private placement,
including common shares, share purchase warrants and finder's warrants issued as
finder's fees, carry a legend restricting trading of the securities until
January 14, 2014. 


The private placement is being conducted pursuant to the TSX Venture Exchange
("TSXV") bulletin of April 12, 2013 - Private Placements - Extension and
Modification of Temporary Relief from Certain Pricing Requirements. The private
placement and payment of finder's fees are subject to acceptance for filing by
the TSXV. The private placement has been approved by Southern Silver's board of
directors, excluding those directors that have a direct interest in the private
placement.


As required by the Temporary Relief policy of the TSX-V Southern Silver advises
that it proposes to use the proceeds from the first tranche of this offering
approximately as follows: 




Use of Proceeds                                                         
------------------------------------------------------------------------
Issue costs (finder's fees and filing fees):                      $8,000
Dragoon property claim fees:                                     $11,000
Legal fees:                                                       $2,000
Transfer agent fees:                                              $2,000
Rent & Administration:                                           $35,750
Staff (accounting, geological, corporate, IR):                   $24,700
Office expenses / travel / phone etc:                             $4,550
Directors and officers services:                                 $13,500
General working capital / miscellaneous accounts payable:        $35,103



As noted above, $13,500 of the proceeds will be paid to directors and officers
or related entities in partial payment of amounts owing to them for services
provided to Southern Silver. A related party will receive payment of the above
noted rent, administration, staff charges and office expenses on a cost recovery
basis, which charges have accrued over a 5 month period and have been paid by
the related party on behalf of Southern Silver.


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.


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.


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

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