Higher Grade Mineralized Area At The Marigold Mine

VANCOUVER, BC - Silver Standard Resources Inc. reported the discovery of a new gold mineralized area at its Marigold mine in Nevada, U.S. referred to as the HideOut area.

Mineral Resources development drilling identified a new higher grade mineralized center known as the HideOut area, located southeast of the 8 South pit. Drillhole MR-6170 intersected 2.47 g/t gold over 76.2 meters from 152.4 meters below surface, including 5.44 g/t gold over 30.5 meters from 161.5 meters below surface. Drillhole MR-6149 intersected 2.05 g/t gold over 33.5 meters from 175.3 meters below surface, including 4.31 g/t gold over 13.7 meters from 189.0 meters below surface. Drillhole MR-6159 intersected 1.91 g/t gold over 54.9 meters from 121.9 meters below surface, including 2.91 g/t gold over 32.0 meters from 128.0 meters below surface.

Paul Benson, President and CEO said, "The discovery of another mineralized area with intercepts above average reserve grade, related to our recent 8SX and 8D discoveries, continues to build exploration upside at Marigold. Our exploration team is unlocking value with an ultimate goal of mine life extension and driving better margins through these higher grade discoveries."

The 2015 Mineral Resources development program at Marigold is targeting the discovery and development of gold mineralization proximal to the open pits. The primary objective of the program is to upgrade Inferred Mineral Resources to Indicated Mineral Resources and to convert Mineral Resources to Mineral Reserves. In addition to the previously reported discoveries of the 8 South pit extension ("8SX") area and the 8D area, recent exploration drilling at Marigold identified a new mineralized center outside the current resource envelope called the HideOut area, with intercepted grades higher than the Mineral Reserves cut-off grades. HideOut is located 800 meters south of the 8SX area and 60 meters north of the ultimate pit limit. A total of 3,860 meters in 15 reverse circulation drillholes were completed at the HideOut area in the third quarter of 2015.

The HideOut gold mineralization is hosted by Antler Formation carbonate rocks, is oxidized and therefore recoverable using the heap leach process at Marigold. The HideOut area has not previously been drilled and is open to the north into the 8SX area. The mineralized centers at the HideOut and 8SX areas are covered by rock stockpiles. Assay results through these rock stockpiles indicate gold grades above the Mineral Reserves cut-off grades. These rock stockpiles can be considered as low grade mineralization.