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Minco Silver Corporation

  January 24, 2008
Minco Silver Wins Project Development Award

  Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV) is pleased to announce that it has received a Corporate Award for Project Development at the annual Cambridge House Awards Dinner held at the Vancouver Convention and Exhibition Centre on the evening of Saturday, January 19, 2008.

Joe Martin, Chairman of Cambridge House International Inc., said: "As the category suggests, this Award recognizes a resource company's meaningful progress during the past calendar year. Our Awards Committee, comprised of 24 resource industry professionals, was impressed by Minco Silver's ongoing development of its Fuwan silver property in its bid to become China's leading silver producer." Mr. Martin commented further: "The fact that a recent consultants' report stated that underground mining of the Fuwan Project is technically and economically viable is significant, and we congratulate Dr. Ken Cai, Minco's Chairman and CEO, and his team for their professional accomplishments, and also as recipients of one of two Cambridge House Corporate Awards for 2008."

Dr. Ken Cai, Chairman and CEO commented: "We are honored to receive this award. In the last two years, the Minco team, in Canada and China, has made tremendous progress in advancing Fuwan from an early stage exploration project to a world-class development stage project. This award belongs to everyone on the Minco Team, our directors, employees, consultants, and our shareholders and partner. We plan to accelerate activity in 2008 as we enter the permitting process, initiate a full International Feasibility Study, and start mine construction on the Fuwan project."

About Minco Silver

Minco Silver Corporation (TSX: MSV) is a TSX company focusing on the acquisition and development of silver dominant projects in China. The Company is the exclusive vehicle for pursuing silver opportunities in China pursuant to a strategic alliance agreement between Minco Gold Corporation (formerly "Minco Mining & Metals Corporation") (TSX:MMM/AMEX:MGH/FSE:MI5) and Silver Standard Resources (TSX:SSO). For more information on Minco Silver, please visit the website at www.mincosilver.ca or contact Ute Koessler at 1-888-288-8288 or (604) 688-8002 info@mincosilver.ca.

"Dr. Ken Z. Cai"
Chairman & CEO

The Toronto Stock Exchange does not accept responsibility for the accuracy of this news release. Certain terms or statements made that are not historical facts, such as anticipated advancement of mineral properties or programs, productions, sales of assets, exploration plans or results, costs, prices, performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to; metals price volatility, volatility of metals production, project development risks and ability to raise financing. The Company undertakes no obligation and has no intention of updating forward-looking statements.

You can view the Next News item: Mon Feb 4, 2008, Minco Silver Expands Mineralization at Fuwan

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Legal Information

Head Office

2060 - 1055 West Georgia Street
PO Box 11176
Vancouver, BC
Canada V6E 3R5
Tel: 604-688-8002
Fax: 604-688-8030
Toll Free: 1-888-288-8288

Minco Mining (China) Corporation

Suite 1706, Tower C, Global Trade Centre
36, East Beisanhuan Road
Dongcheng District, Beijing
Peoples Republic of China 100013
Tel: +86-10-59575377
Fax: +86-10-59575356