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Minco Silver Corporation

 December 01, 2005
Minco Silver Completes Initial Public Offering And Commences Trading On TSX

 Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: "MSV") is pleased to announce that it has received approval of its application to list its common shares on the Toronto Stock Exchange ("TSX"). Minco Silver's common shares will begin trading on the TSX on Friday, December 2, 2005. Minco Silver's trading symbol is "MSV".

Minco Silver would also like to announce that it has completed its Initial Public Offering of 920,000 common shares at a price of $1.25 per common share (the "IPO") for gross proceeds of $1,150,000. Blackmont Capital Inc. (the "Agent") has been paid a cash commission equal to 8% of the proceeds from the sale of common shares pursuant to the IPO and an underwriting and agency fee of $30,000, plus GST. As additional consideration in connection with the IPO and a previously completed special warrant offering, the Company also granted agents' warrants to the Agent and members of its selling group entitling them to purchase up to 279,600 common shares at an exercise price of $1.25 per common share for a period of 12 months from the IPO closing date and thereafter at a price of $1.50 per common share for an additional six months.

"We are very pleased to complete the IPO and to list on the TSX, which are important milestones for Minco Silver.", commented Ken Cai, President and CEO of Minco Silver. "A listing on the TSX will help the Company to access the financial markets and increase our shareholder value. With the Fuwan Silver project, we are aggressively pursuing our corporate strategy to grow Minco Silver as a major silver company in China."

At the close of the IPO, Minco Silver has 25,196,000 shares issued and outstanding, of which Minco Mining owns 14,000,000 or 55.56% and Silver Standard owns 4,960,000 or 19.69%. Silver Standard also holds a preferential purchase right to increase its position to 30% by participating in future financings of the Company.

In addition the Company has granted 2,900,000 stock options to directors, officers, employees and consultants exercisable at a price of $1.25 per share under the Company's existing stock option plan.

About Minco Silver

Minco Silver Corporation is a TSX-listed 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 Mining and Metals Corporation (TSX:MMM) and Silver Standard Resources (TSX:SSO). For more information on Minco Silver and our properties, please visit the website at www.mincosilver.ca or contact Robert Tyson, Investor Relations Manager at 1-888-288-8288 or (604) 688-8002 info@mincosilver.ca


"Ken Z. Cai"
President & CEO

You can view the Next News item: Tue Dec 13, 2005, Minco Silver Commences Drilling On Its Fuwan Silver Project

You can view the Previous News item: Mon Nov 14, 2005, Minco Silver Nearing Completion of IPO - Regulators Approve Prospectus

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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