SSV Southern Silver Exploration Corp

Southern Silver Exploration Corp. ("Southern Silver") (TSX
VENTURE:SSV)(FRANKFURT:SEG) has closed the second tranche of its previously
reported non-brokered private placement by issuing 18,200,000 units at a price
of $0.02 per unit for gross proceeds of $364,000. Together with the first
tranche closing on September 13, 2013, Southern Silver has raised a gross total
of $500,603; an oversubscription of the offering. 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 February 12, 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 by participation in the financing.


Southern Silver proposes to add the net proceeds from the private placement to
working capital to be expended as to payment of $30,000 in issuance costs
inclusive of finder's fees and filing fees; payment of $16,000 for accrued legal
fees; payment of $12,300 for accrued trust and corporate services relating to
Southern Silver's subsidiaries; payment of $12,800 for accrued transfer agent
fees and charges relating to Southern Silver's shareholder meeting; payment of
$15,000 for accrued audit fees; payment of $50,500 for accrued charges by
geological and accounting consultants in US and Mexico; and payment of $152,740
for certain other accounts payable. In addition, $20,000 of the proceeds will be
paid to a related party in partial payment of accrued amounts owing to it for
services provided to Southern Silver. Another related party will receive payment
of $35,000 for rent, administration, staff (accounting, geological, corporate,
corporate development) and office-related expenses on a cost recovery basis,
which charges had accrued and 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. 


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.
Lawrence Page, Q.C.
President & Director
1.888.456.1112
www.southernsilverexploration.com

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