Southern Silver Exploration Corp. ("Southern Silver") (TSX
VENTURE:SSV)(FRANKFURT:SEG) reported today that equipment has mobilized and a
new phase of diamond drilling has started on the Cerro Las Minitas Project,
Durango Mexico. 


Freeport-McMoRan Exploration Corporation (FMEC) continues to finance Southern
Silver's exploration on the property and provide input on exploration programs.
The current program follows the second phase of drilling, completed in late
January 2014, which was successful in identifying additional high-grade Ag-Pb-Zn
mineralization at depth in the El Sol zone from hole 13CLM-071 and a potential
new target along the southwestern margin of the central intrusive in the area of
hole 13CLM-073 (see NR-01-14; February 27, 2014). 


Current plans are for approximately 2,000 metres of core drilling in three or
more holes designed to test at depth several previously identified copper
anomalies on the project. These include an extension of drill hole CLM-073,
which terminated in anomalous copper mineralization at 708 metres depth; and a
down-dip test of copper mineralization at the North Skarn target (CLM-003: 16.6
metres averaging 56g/t Ag, 0.8% Cu, 0.5%Pb and 1.6% Zn). Additional holes are
planned for a deep test of the central intrusive and its southern margin (South
Skarn target).


Since execution of an earn-in agreement on the Cerro Las Minitas project in
October 2012, Southern Silver's Mexican subsidiary, Minera Plata del Sur, S.A.
de C.V., has completed 5,500 metres of diamond drilling, conducted soil and
vegetation geochemistry surveys and a Reconnaissance IP (RIP) geophysical survey
over the entire 15,125 hectare property. Additional lines of deep-penetrating IP
geophysics and a Gravity survey were completed over the area of historic mining
which has led to the development of several new targets on the property. 


FMEC has been providing funding to Southern Silver for Minera Plata del Sur's
exploration of the property since October 2012 and holds an option to earn a 70%
indirect interest in the project by paying Southern Silver both option payments
and program funding that could reach $25 million on the project over a ten year
period if FMEC does not terminate earlier. 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. To date, FMEC has provided Southern Silver funding of
approximately $4,100,000 for option payments and applicable taxes, and to fund
exploration of the property. 


Engagement of Golden Capital

Southern Silver has engaged Golden Capital Consulting Ltd. ("Golden Capital") to
assist in formulating a capital markets strategic plan in Europe for an initial
term of 12 months. Southern Silver has agreed to compensate Golden Capital with
quarterly share issuances each valued at $25,000 using the Discounted Market
Price of such shares (as determined in accordance with the policies of the TSX
Venture Exchange) and each such share issuance is subject to TSX Venture
Exchange acceptance. 500,000 common shares have been issued in respect of the
first quarter and are subject to a hold period expiring July 25, 2014. Pursuant
to the engagement, Southern Silver has also granted Golden Capital 500,000
incentive stock options at an exercise price of $0.05 for a term of 60 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.


Robert Macdonald (P.Geo) is a Qualified Person as defined by National Instrument
43-101 and is responsible for the compilation and review of the technical
content 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.
1.888.456.1112
info@mnxltd.com
www.southernsilverexploration.com

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