Valour Resources To Acquire Berenguela Project

VANCOUVER - Silver Standard Resources Inc. has entered into a definitive agreement with Valor Resources Limited to sell 100% of its Berenguela project in the Lampa Province of Puno, Peru for aggregate consideration of $12 million in deferred cash and a 9.9% equity interest in Valor. Valor is an Australian-based company, focused on mineral project exploration and development.

Paul Benson, President and CEO of Silver Standard said, "The sale of the Berenguela project demonstrates our continued focus on maximizing the value of our projects and optimizing our portfolio. We retain exposure to the success of Berenguela, while we further strengthen our balance sheet for continued generation of shareholder value."