SSV Southern Silver Exploration Corp

Southern Silver Exploration Corp. ("Southern Silver") (TSX
VENTURE:SSV)(FRANKFURT:SEG) reported today that Freeport-McMoRan Exploration
Corporation ("FMEC") has provided to Southern Silver $475,000, utilized as to
$250,000 to pay the February 2014 periodic option payment to the optionor of the
Cerro Las Minitas mineral concessions ("CLM Option") with the balance of
$225,000 utilized in exploration expenses on the property.


FMEC Option status:

To date, FMEC has provided Southern Silver with $4,107,103 utilized as follows:



--  paid Southern Silver $700,000 in option payments; 
--  funded $1,798,000, including applicable taxes, to the CLM optionor as
    option payments; and 
--  funded exploration costs of $1,609,103 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.


Underlying CLM Option agreement status:

To date $2.75 million has been paid to the CLM Optionor from funds provided by
Southern Silver and FMEC towards a total purchase price of $4 million with the
balance payable, plus applicable taxes, as follows:




--  $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).



Exploration Update

Southern Silver also reported that FMEC has completed a second phase of
exploration on the Cerro Las Minitas project including 2,055 metres of new
drilling together with further surface sampling and geophysical surveys on
targeted areas throughout the larger property.


Three new core holes were drilled and three previously cored holes were extended
in a program that was designed to test several IP and gravity geophysical
targets outboard of the central intrusion and the depth extensions of known
mineralization in the Blind and El Sol zones. The program was successful in
identifying additional high-grade Ag-Pb-Zn mineralization to depths of up to 550
metres in the El Sol zone from hole 13CLM-071 and in identifying a potential new
target along the southwestern margin of the central intrusive (hole 13CLM-073).
Drilling at the South Skarn target was inconclusive as the proposed extension of
hole 13CLM-069 was lost prior to completion to planned target depth.


Drilling on the recently acquired El Sol claim (13CLM-072) tested a thick skarn
interval, over several tens of metres, associated with altered and pyritic
intrusive indicating a potential northwestward extension of the mineralizing
system onto this part of the property.


Biogeochemical sampling of Acacia plants was performed late in 2013 and
identified multi-element anomalies inclusive of copper in several localities
throughout the larger property and was followed up with further IP geophysics
over one target area.


Compilation of the latest drill results and surface data continues with the aim
of continued exploration of the project over the coming weeks including further
deep drilling along the margins and within the central intrusive.


Table: Selected Drill Intercepts from Cerro Las Minitas Property



----------------------------------------------------------------------------
Hole #                                                                      
               From      To Interval      Ag      Cu      Pb      Zn    AgEq
                (m)     (m)      (m)   (g/t)    (% )     (%)    (% )   (g/t)
----------------------------------------------------------------------------
                                                                            
13CLM-071     418.9   421.6      2.7      73     0.1     1.8     2.8   205.1
                                                                            
  and         505.5   508.5      3.0      56     0.2     1.3     4.1   217.3
                                                                            
  and         591.0   595.5      4.5     115     0.0     2.7     4.2   301.3
    inc.      594.0   595.5      1.5     238     0.1     5.7     9.1   634.7
                                                                            
  and         683.4   687.5      4.1      44     0.0     0.6     4.7   186.4
    inc.      683.4   685.4      2.0      82     0.0     1.1     8.2   328.0
----------------------------------------------------------------------------
                                                                            
13CLM-072     102.5   102.8      0.3      87     0.1     1.9     1.0   176.0
----------------------------------------------------------------------------
                                                                            
13CLM-073     433.5   433.9      0.4      21     0.7     0.0     3.4   193.0
                                                                            
  and         449.6   454.2      4.6      15     0.4     0.0     0.0    59.1
                                                                            
  and         576.0   654.0     78.0       8     0.0     0.1     0.1    17.8
                                                                            
  and         681.0   699.0     18.0       3     0.0     0.0     0.0     8.4
----------------------------------------------------------------------------



Analyzed by FA-ES/AA for gold and ICP-MS by ALS Chemex, Vancouver BC; Silver
overlimits (greater than 100g/t Ag) re-assayed with FA-Grav. AgEq calculation
uses values that approximate the three year trailing average of the contained
metals: $23.3 silver, $1250 gold, $3.15 copper and $0.9 lead and $0.9 zinc. AgEq
calculations did not account for relative metallurgical recoveries of the
metals.


To view the Drill Hole Locations Cerro Las Minitas Phase II Program, please
click the following link: http://media3.marketwire.com/docs/ss_map.jpg


Corporate Update

Southern Silver announces that Scott Hean has resigned as a director effective
January 10, 2014. Southern Silver's board of directors thanks him for his
efforts on behalf of the company and wishes him well in his future endeavors.


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 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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