VANCOUVER, BC - Silver Standard Resources Inc. reported positive results from a National Instrument 43-101 compliant Preliminary Assessment on its wholly-owned Snowfield Project located in northern British Columbia, Canada. The project includes development of an open pit mine, a processing plant, infrastructure, waste rock storage and tailing impoundment areas to recover the mineralization identified to date.

Based on the Preliminary Assessment, the Snowfield Project will be operated as an open pit mine with an average life-of-mine waste to mineral material stripping ratio of 0.54:1 and a 120,000 tonnes per day mill feed rate. Snowfield's mine life is estimated at approximately 23 years. An annual average of 607,000 ounces of gold (contained in concentrate and dor), 57.8 million pounds of copper (contained in concentrate), 1.5 million ounces of silver (contained in concentrate and dor) and 4.5 million pounds of molybdenum (contained in concentrate) will be produced from the mill.

Capital expenditures, including contingencies, are estimated to be US$3.4 billion. The Preliminary Assessment is preliminary in nature and includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied that would enable them to be categorized as mineral reserves. There is no certainty that the Preliminary Assessment will be realized.

Preliminary results from an ongoing metallurgical program indicate the potential for significant rhenium recoveries at Snowfield. The potential impact of rhenium on the project's economics, as well as the inclusion of the higher-grade gold and silver resources of the company's adjacent Brucejack Project will be examined in an updated Preliminary Assessment which is already underway.

The company's address is 999 West Hastings Street Suite 1400?Vancouver, BC V6C 2W2, 604-689-3846, fax: 604-689-3847.