MILNER CONSOLIDATED SILVER MINES LTD. (Milner) (TSX VENTURE:MCA) is pleased to
announce positive results from its ongoing exploration program on its San Lucas
Exploration Concession. The concession encompasses an area of 1,569 hectares and
is located in the Sierra Madre Occidental porphyry copper belt of Northern
Mexico. The concession is owned 100% by Milner's wholly-owned Mexican subsidiary
company (Minera Milner S.A. de C.V.).


Most of the mineralization found to-date is located in a copper-gold
porphyry-skarn system and is possibly fault controlled.


To-date, in excess of 20 mineral occurrences have been located on the
concession. Most of these are aligned along a pronounced corridor trending in a
N30 degrees E direction. The corridor has to-date been traced over a length of
approximately 2 kilometers and is open both to the north and to the south.


Primary copper mineralization consists of chalcopyrite and bornite. Secondary
copper minerals include malachite and azurite and possibly secondary bornite
replacing pyrite locally. Lead-zinc mineralization, along with copper and
gold-silver values also occurs towards the southern end of the corridor. The
lead-zinc mineralization consists of galena, sphalerite and secondary lead-zinc
minerals including cerrusite and hemimorphite. Isolated small lenses of fairly
massive magnetite occur locally in the mineralized zones. The mineral
occurrences along the corridor are all skarn hosted and disseminated specular
hematite is a ubiquitous accessory mineral in the skarn mineralization.


Outside of the corridor, low grade gold values (up to 1.51 grams per tonne)
occur associated with a series of quartz veins hosted in porphyry.


To-date, in excess of 100 selected grab samples taken from the mineralized
occurrences have been submitted to the A.L.S. Chemex Laboratory in Vancouver,
British Columbia. These grab samples were collected primarily to determine if
significant gold-silver values are associated with the base metal
(copper-lead-zinc) mineralization.


The assay results of the samples taken to date are encouraging with gold values
ranging from a fraction of a gram per tonne to a peak value of 39 grams per
tonne. Silver values range from 0.3 grams per tonne to a peak value of 218 grams
per tonne. The copper content ranges between 0.595% to a peak value of 9.02%
Selected grab samples from the lead-zinc occurrences assayed from 6.3% to in
excess of 20% lead and from 19.15% to 27.6% zinc.


It is still too early in the exploration program to draw conclusions as to the
potential of the mineralization discovered to-date. Approximately 60% of the
concession area has been covered to-date by a widely spaced preliminary
geochemical soil sampling program and preliminary prospecting. The remainder of
the concession has still not been examined even in a preliminary way but work is
ongoing.


Exploration activity in the general area has increased in the last few months
and road access in the area is much improved as a result of these activities.
One of Mexico's largest mining companies (Industrias Penoles Mx) has recently
constructed and is currently maintaining a drill access road to within one
kilometer of the San Lucas concession. Penoles has moved in two diamond drill
machines with considerable depth capacity and is currently drilling deep holes
to explore a copper-gold porphyry-skarn system. Penoles' drill pads have been
constructed as close as one kilometer from the boundary of Milner's San Lucas
concession. Another company (Precobre S.A. de C.V.), which is a joint venture
company formed by Codelco and Penoles is also drilling porphyry-skarn systems
close to Milner's San Lucas concession. Both of these companies are targeting
geological settings with the potential to host large porphyry copper deposits.


As required by the National Instrument 43-101, Milner's designated Qualified
Person for the supervision of exploration projects in Mexico is E.W. Bazinet, P.
Eng. Ontario, President of Minera Milner S.A. de C.V., who has verified the
technical information reported in this news release.


About Milner Consolidated Silver Mines Ltd.

Milner Consolidated Silver Mines Ltd. is a junior resource company, quoted for
trading on the TSX Venture Exchange under the symbol MCA. There are currently
7,438,506 shares issued and outstanding in Milner Consolidated Silver Mines Ltd.


On Behalf of the Board,

D.J. Bazinet, President

Shares Outstanding: 7,438,506

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