SSV Southern Silver Exploration Corp

Southern Silver Exploration Corp. (TSX VENTURE:SSV)(FRANKFURT:SEG) ("Southern
Silver") reported today that Freeport-McMoRan Exploration Corporation ("FMEC")
has provided to Southern Silver $250,000 which was utilized to pay the November,
2013 periodic option payment to the optionor of the Cerro Las Minitas mineral
concessions in Durango State, Mexico. To date $2.5 million has been paid from
funds provided by Southern Silver and FMEC towards a total purchase price of $4
million with the balance payable as follows:




--  $250,000 on February 18, 2014; 
    
--  $250,000 on May 18, 2014; 
    
--  $500,000 on November 18, 2014; and 
    
--  $500,000 on March 18, 2015 (to be reduced to $100,000 if the optionor
    fails to deliver registered title to a specific non-core claim upon
    closing).



FMEC has supplied to Southern Silver $1.3 million of the total option payments
paid to date and has the option to provide the balance of monies to complete the
purchase as a portion of its earn-in of an indirect 70% interest in the mineral
concessions. 


Southern Silver also reported that the next phase of diamond drilling has
started on the Cerro Las Minitas Project. Plans are for approximately 4,000
metres of core drilling. Seven sites have been selected for testing as a
follow-up on earlier drilling funded by FMEC comprising 3,445 metres of drilling
in eight holes which was successful in delineating new zones of mineralization
at several target areas on the property (see NR-17-13, November 4, 2013). 


The drilling program will continue to test the lateral and down dip extensions
of the known mineralized zones and includes one hole on the recently acquired EL
Sol concession (see NR-15-13, September 23, 2013) which could extend the
on-strike potential of the previously identified zones of mineralization by
upwards of 800 metres. Drilling is also planned to test the depth extension of
mineralization at Mina Santo Nino, one of several historic small mining
operations on the project, Zn-Ag-rich mineralization at the El Sol zone and
IP/Res and gravity geophysical anomalies outboard and to the northeast of the
central intrusion.


FMEC contract synopsis 

To date, FMEC has funded total expenditures and payments of $3,127,103 as follows:



--  paid Southern Silver $700,000 in option payments; 
    
--  funded $1,508,000 to the underlying optionor of the property as option
    payments; and 
    
--  funded exploration costs of $919,103 on the project. 



(Note: all references to money and $ refer to United States currency) 

FMEC has been providing funding for, and directing, Southern Silver's
subsidiary, Minera Plata del Sur, S.A. de C.V., to explore the property since
October 2012 and 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. Included in
the gross interest is an initial 51% interest to be earned in the first three
years of the agreement by expenditure of $5 million. FMEC has now met and
exceeded the first year earn-in requirements of the option.


To view the figure associated with this press release, please visit the
following link: http://media3.marketwire.com/docs/SSVFigure1.pdf. 


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 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. 

For further information, please visit Southern Silver's website at
www.southernsilverexploration.com.


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.
1.888.456.1112
info@mnxltd.com
www.southernsilverexploration.com

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