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Minco Silver Corporation

  November 18, 2008
Minco Silver Wins Prospector / Explorer of the Year Award at China Mining

  Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV) is pleased to announce that it has received the Prospector / Explorer of the Year Award at the 2008 China Mining Awards for its outstanding progress on the Fuwan Silver project located in Guangdong Province, China.

The China Mining Awards are part of the China Mining Congress & Expo, hosted by the Ministry of Land & Resources and organized by China Mining Association. The event was held at the Beijing International Convention Center from November 11 to 13 and is supported by domestic and international governments, associations, as well as organizations including the World Bank Group, Canadian Embassy and Australian Embassy. The Award was presented to Minco Silver by Mr. Wang Min, the Vice Minister of the Ministry of Land & Resources, on November 12, 2008.

Dr. Ken Cai, Chairman and CEO commented: "We are honored to receive this prestigious award from the Chinese mining community in recognition for the successful advancement of our world class Fuwan Silver project. I would like to thank our team for their continued hard work and dedication. We remain unyielding in our vision of bringing this project to production and strive to deliver value and excellence to both our shareholders and the industry."

About Minco Silver

Minco Silver Corporation (TSX: MSV) is a TSX listed company focusing on the acquisition and development of silver dominant projects. The Company owns 100% interest in the world class Fuwan Silver Deposit, situated along the northeast margin of the highly prospective Fuwan Silver Belt. 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 ir@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.

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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