Brucejack Drilling Intersects More Bonanza-Grade Gold Mineralization 

VANCOUVER, BC - Silver Standard Resources Inc. reported that diamond drilling at its wholly-owned Brucejack Project continues to encounter bonanza-grade gold and silver mineralization over a relatively broad area. The Brucejack Project is adjacent to the Company's wholly-owned Snowfield Project approximately 65 kilometers north of Stewart, British Columbia.

Highlights are holes SU-53 and SU-54 from the Galena Hill Zone. The bonanza-grade intercept in SU-53 included:Ñ 1.5 meters with uncut grades of 1,025 grams of gold and 751 grams of silver per tonne (4.9 feet averaging 29.9 ounces gold and 21.9 ounces of silver per ton).

Bonanza-grade mineralization intersected in hole SU-54 included: Ñ 1.59 meters with uncut grades of 2,490 grams of gold and 1,135 grams of silver per tonne (5.2 feet averaging 72.6 ounces of gold and 33.1 ounces of silver per ton).

These intersections are located in shallow structures on the northeast corner of the zone. The consistency of the bonanza-grade intersections throughout the Galena Hill Zone highlights the possibility for discovery of additional high-grade mineralization.

The West Zone is located 500 meters north of the Galena Hill Zone. A highlight is hole SU-52, which intersected intervals of: Ñ 233.8 meters of 2.26 grams of gold and 12.5 grams of silver per tonne (767 feet averaging 0.07 ounces of gold and 0.36 ounces of silver per ton), including 37.5 meters with uncut grades of 11.78 grams of gold and 18.5 grams of silver per tonne (123 feet averaging 0.34 ounces of gold and 0.54 ounces of silver per ton), and 31.5 meters with uncut grades of 5.96 grams of gold and 30.9 grams of silver per tonne (103 feet averaging 0.17 ounces of gold and 0.90 ounces of silver per ton).

Holes SU-49, SU-52 and SU-63 have expanded the West Zone which is still open to the north and west.

The Bridge Zone has also been expanded to the north and west, and now measures approximately 550 meters by 650 meters. Step-out drilling to the south and east is underway and assays will be reported when available.

A diamond drill program of 24,000 meters in total is planned for the Brucejack Project this season, and five drills are currently working on various targets.

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