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| March 03, 2009 Minco Silver Provides an Update on Sunshine Mining Lease |
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| Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV) wishes to clarify that the status of the Sunshine Mine under Lease (the "Sunshine Mining Lease") is still a matter to be decided by the Courts as set out in a law suit filed in the Shoshone County District Court between Sterling Mining Company ("Sterling") and Sunshine Precious Metals, Inc ("SPMI") (the "Sunshine Action"). To protect Minco Silver's secured interest and property rights in the Sunshine Mining Lease, the Company has filed a motion to join the Sunshine Action and entered on February 25, 2009 a Stipulated Interim Order regarding the Temporary Restraining Order granted on February 18, 2009 to continue until further determination of the Court and Sterling shall take no action or enter into any agreements that would impair any rights that Minco Silver may have with respect to the Sunshine Mining Lease in addition to restraining Sterling and its officers, directors, agents, and employees from removing, selling, destroying, disposing, or concealing all personal and real property Minco Silver has a secured and property interest. 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 90% 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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