Southern Silver Extends Blind Zone Deposit

VANCOUVER, BC - Southern Silver Exploration Corp. reported that drilling on the Cerro Las Minitas project, located in Durango State, Mexico, has extended the depth projection of high-grade silver-polymetallic mineralization in the Blind Zone deposit.

Both holes were drilled in the central part of the deposit beneath previously reported mineralization in drill holes 12CLM-019 (1.3m @ 126g/t Ag, 3.1%Pb and 3.6% Zn) and 12CLM-022 (1.4m @ 528g/t Ag, 10.5%Pb and 1.3% Zn). Drilling continues to extend the projection of the known high-grade mineralized structures to depth.

Twenty-nine drill holes totaling approximately 8,030 metres were completed on the project in 2011.  An additional 7,510 metres in thirty-three drill holes have been completed to date in 2012. Assay results have been received from all outstanding holes.

Geological modeling of the Blind and El Sol deposit using a nominal 80g/t AgEq cut-off has identified multiple distinct mineralized structures with a 820 metre cumulative strike-length, with a depth projection of up to 300 metres below surface. Mineralization occurs in sub-vertical structures that demonstrate good continuity between drill holes. True thickness of the mineralized intervals are estimated at 60% to 70% of the down hole thicknesses.

The Company has scheduled additional core drilling in 2012, with the goal of completing a NI 43-101 compliant resource on these deposits by Q4 of 2012. This will be the initial milestone toward the Company's goal of delineating a larger, multi-million tonne, high-grade, silver-enriched polymetallic resource on the project.