SSV Southern Silver Exploration Corp

Southern Silver Exploration Corp. ("Southern Silver") (TSX
VENTURE:SSV)(FRANKFURT:SEG) reports that Desert Star Resources Ltd. has elected
to relinquish its option on the gold-silver-copper Oro project. Southern Silver
owns an unencumbered 100% interest in the project subject to a 2% NSR payable to
the vendor. Two drill targets have been identified on the Oro Property and will
be the focus of future exploration on the property. 


The Oro property is located in southern New Mexico, approximately 80 km
southwest of the Silver City porphyry copper district and lies within the
prolific Laramide Porphyry Copper Belt of the southwestern USA. The property
covers a highly prospective 6 square kilometer area of quartz-sericite-pyrite
alteration, interpreted to overlie an unexposed porphyry center. Classic
porphyry system zonation defines three target types including: surface gold and
copper mineralization associated with Laramide-age intrusions in the core area;
flanked by lead-zinc skarn mineralization and distal sediment-hosted gold
occurrences.


From acquisition in 2007 Southern Silver has completed surface mapping and
sampling, a 455 line-kilometre airborne magnetic survey over the entire property
and 3,201 meters of diamond drilling which tested several skarn and carbonate
replacement targets along the periphery of the porphyry target area. Exploration
expenditures on the project during this time totalled approximately $1.25
million.


In addition to bulk tonnage porphyry copper-molybdenum-gold potential, the Oro
Project claims also include the high-grade sediment-hosted Stock Pond gold
target. Reconnaissance rock sampling has been completed over a strike length of
140 meters at Stock Pond, yielding values up to 4.8 g/t gold. Gold
mineralization at Stock Pond is interpreted to be related to the main porphyry
center, located 4 kilometers to the southwest.


Cerro Las Minitas Project

Southern Silver has received notice from Freeport McMoRan Exploration
Corporation ("FMEC") that its affiliate has completed the second year cash
payment of $400,000 to the owners of the El Sol Concession which is contiguous
to the northwest boundary of the Cerro Las Minitas project and within the
project's Area of Interest. The El Sol Concession covers the northwestern
projection of the Blind Zone deposit where drilling by Southern Silver
identified multiple distinct mineralized structures with a 820 metre cumulative
strike-length, with depth projections of up to 300 metres below surface. A
single hole tested the concession in late 2013 returning strongly anomalous
Ag-As-Sb-Pb-Zn over six metres. 


In 2013 Southern Silver accepted FMEC's offer to include the 63 hectare El Sol
Concession as part of the Property under the Earn-In Agreement whereby FMEC
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. Acquisition costs to acquire a
100% interest in the El Sol Concession are $2 million, payable over a three year
period, and will be paid by FMEC as a credit towards its earn-in of the Cerro
Las Minitas project.


Dragoon Project Update

Southern Silver reports that it has now relinquished its option on the Dragoon
project located in Arizona, USA.


Corporate Update

Southern Silver has issued 500,000 common shares at a deemed price of $0.05 per
share to Golden Capital Consulting Ltd. pursuant to a consulting agreement (see
news release dated March 24, 2014). The shares are subject to a hold period
expiring December 6, 2014. 


Terry Eyton and Nazlin Rahemtulla have resigned from the board of directors.
Southern Silver thanks Mr. Eyton and Ms. Rahemtulla for their service as
directors and wishes them well in their future endeavours.


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.


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.

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.
Lawrence Page, Q.C.
President & Director
604.684.9384
info@mnxltd.com
www.southernsilverexploration.com

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