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Minco Silver Corporation

 April 03, 2007
Minco Silver Announces the Remaining Assay Results from Phase III Drilling on the Fuwan Silver Project

 Minco Silver Corporation (the "Company" or "Minco Silver")(TSX: MSV) is pleased to announce the assay results for the remaining 19 holes of the Phase III drilling program on its Fuwan Silver Project located in the Guangdong Province in southeast China. The program consisted of 30 holes, adding 7,509 metres of core drilling, and increases the drill density to 80 metres by 80 metres. To date, the Company has completed 65 holes for a total of 16,009 metres of core drilling on the project and is expecting to announce a resource upgrade in the near term that incorporates all the data generated from the Phase I, II, and III drill programs.

Zone widths for the remaining 19 holes varied from 0.28 metres to 12.65 metres with silver grades ranging from 56.92 grams per tonne to 1,438.00 grams per tonne. The assay results are highlighted by hole FW0050 (599.09 g/t silver over 3.01m), hole FW0057 (404.16g/t silver over 3.32m), hole FW0058 (867.20 g/t silver over 1.82m), and hole FW0059 (160.96 g/t silver over 7.85m).

Detailed results for the 19 core drill holes announced today are provided below:
----------------------------------------------------------------------
                                                  Average Grade
                                   Inter-  --------------------------
                   From       To    cept     Au      Ag     Pb    Zn
Hole    Section      (m)      (m)    (m)   (g/t)   (g/t)    (%)   (%)
----------------------------------------------------------------------
FW0036     39     175.80   177.80    2.00  0.32   285.05   0.24  0.99
----------------------------------------------------------------------
FW0037     39     117.60   119.60    2.00  0.69    67.00     
                  121.60   134.25   12.65  0.22   121.11   0.15  1.26
----------------------------------------------------------------------
FW0038      0     303.01   304.18    1.17  0.10    81.50     
----------------------------------------------------------------------
FW0039     35     147.45   154.88    7.43  0.30   139.92   0.10  0.78
                  172.65   173.73    1.08  0.13    95.00   0.18  0.22
                  195.52   196.70    1.18  0.05    89.00   0.06  0.25
----------------------------------------------------------------------
FW0042     31     130.80   134.55    3.75  0.20   123.76   0.02  0.03
                  163.83   164.53    0.70  0.06   165.00   0.09  0.30 
----------------------------------------------------------------------
FW0043     31     198.70   199.20    0.50  0.01   133.50       
                  242.87   243.15    0.28  0.15  1438.00   0.51  1.74
----------------------------------------------------------------------
FW0044     27     205.00   207.30    2.30  0.35   407.22   0.21  0.33
----------------------------------------------------------------------
FW0045     23     140.50   147.70    5.50  0.10    56.92   0.03  0.03
----------------------------------------------------------------------
FW0046     23     259.34   261.08    1.74  0.29   343.51   0.37  3.24
                  275.43   276.66    1.23  0.14   109.00   0.56  1.88
----------------------------------------------------------------------
FW0047   No Mineralization                    
----------------------------------------------------------------------
FW0048     15     227.50   245.50   11.10  0.21    99.67   0.16  0.45
----------------------------------------------------------------------
FW0050     15     248.37   251.38    3.01  0.24   599.09   0.52  0.72
                  281.45   282.57    1.12  0.03   255.00   0.11  0.02
                  308.00   309.06    1.06  0.02   160.00   0.24  0.36
----------------------------------------------------------------------
FW0052      7     221.40   227.30    3.40  0.08   148.29   0.10  0.03
                  245.50   246.10    0.60  0.21   203.00   0.06  0.09
                  278.45   279.35    0.90  0.30   444.50   0.11  0.37
----------------------------------------------------------------------
FW0054      7     301.56   302.46    0.90  0.13   576.00   3.22  2.66
----------------------------------------------------------------------
FW0057      8      80.40    83.65    3.25  0.08   190.98   0.15  0.29
                   97.53    98.66    1.13  0.39   463.00   0.99  6.06
                  102.35   105.67    3.32  0.17   404.16   0.55  1.41
                  119.75   120.70    0.95  0.10   223.50   1.26  0.58
----------------------------------------------------------------------
FW0058     12      76.64    78.46    1.82  0.55   867.20   0.76  0.98
                  112.72   113.32    0.60  0.05   148.00   1.25  0.10
                  135.86   136.75    0.89  0.04   445.00   0.56  1.12
----------------------------------------------------------------------
FW0059     23     224.92   233.47    7.85  0.19   160.96   0.23  0.40
                  257.37   258.62    1.25  0.02    85.00   0.05  0.16
----------------------------------------------------------------------
FW0060     12     176.11   176.69    0.58  0.18   287.50       
----------------------------------------------------------------------
FW0065     11     262.50   264.50    2.00  0.16   113.80       
----------------------------------------------------------------------
For convenience, a summary table of all 30 holes of the Phase III program is shown below:
--------------------------------------------------------------
                                          Average Grade
                           Inter-  --------------------------
           From       To    cept     Au      Ag     Pb    Zn
Hole         (m)      (m)    (m)   (g/t)   (g/t)    (%)   (%)
--------------------------------------------------------------
FW0025   115.50   118.90    3.40   0.28   345.18   0.10  0.15
         182.85   198.20   15.35   0.17   329.81   0.52  0.99
--------------------------------------------------------------
FW0036   175.80   177.80    2.00   0.32   285.05   0.24  0.99
--------------------------------------------------------------
FW0037   117.60   119.60    2.00   0.69    67.00     
         121.60   134.25   12.65   0.22   121.11   0.15  1.26
--------------------------------------------------------------
FW0038   303.01   304.18    1.17   0.10    81.50     
--------------------------------------------------------------
FW0039   147.45   154.88    7.43   0.30   139.92   0.10  0.78
         172.65   173.73    1.08   0.13    95.00   0.18  0.22
         195.52   196.70    1.18   0.05    89.00   0.06  0.25
--------------------------------------------------------------
FW0040   185.00   187.90    2.90   0.13   581.52   0.96  0.54
--------------------------------------------------------------
FW0041   170.25   182.40   12.15   0.57   458.12   0.36  0.68
--------------------------------------------------------------
FW0042   130.80   134.55    3.75   0.20   123.76   0.02  0.03
         163.83   164.53    0.70   0.06   165.00   0.09  0.30 
--------------------------------------------------------------
FW0043   198.70   199.20    0.50   0.01   133.50       
         242.87   243.15    0.28   0.15  1438.00   0.51  1.74
--------------------------------------------------------------
FW0044   205.00   207.30    2.30   0.35   407.22   0.21  0.33
--------------------------------------------------------------
FW0045   140.50   147.70    5.50   0.10    56.92   0.03  0.03
--------------------------------------------------------------
FW0046   259.34   261.08    1.74   0.29   343.51   0.37  3.24
         275.43   276.66    1.23   0.14   109.00   0.56  1.88
--------------------------------------------------------------
FW0047   No Mineralization              
--------------------------------------------------------------
FW0048   227.50   245.50   11.10   0.21    99.67   0.16  0.45
--------------------------------------------------------------
FW0049   230.03   231.03    1.00   0.15   115.00   0.02  0.06
         245.48   246.48    1.00   0.18   240.00   0.13  0.09
--------------------------------------------------------------
FW0050   248.37   251.38    3.01   0.24   599.09   0.52  0.72
         281.45   282.57    1.12   0.03   255.00   0.11  0.02
         308.00   309.06    1.06   0.02   160.00   0.24  0.36
--------------------------------------------------------------
FW0051   321.60   321.85    0.25   0.04   713.00   0.21  0.39
--------------------------------------------------------------
FW0052   221.40   227.30    3.40   0.08   148.29   0.10  0.03
         245.50   246.10    0.60   0.21   203.00   0.06  0.09
         278.45   279.35    0.90   0.30   444.50   0.11  0.37
--------------------------------------------------------------
FW0053   284.29   288.25    3.96   0.22  1223.74   0.98  2.02
         300.55   302.02    1.47   0.10   501.52   0.19  1.14
--------------------------------------------------------------
FW0054   301.56   302.46    0.90   0.13   576.00   3.22  2.66
--------------------------------------------------------------
FW0055   194.89   197.63    2.74   0.17   126.17   0.06  0.25
--------------------------------------------------------------
FW0057    80.40    83.65    3.25   0.08   190.98   0.15  0.29
          97.53    98.66    1.13   0.39   463.00   0.99  6.06
         102.35   105.67    3.32   0.17   404.16   0.55  1.41
         119.75   120.70    0.95   0.10   223.50   1.26  0.58
--------------------------------------------------------------
FW0058    76.64    78.46    1.82   0.55   867.20   0.76  0.98
         112.72   113.32    0.60   0.05   148.00   1.25  0.10
         135.86   136.75    0.89   0.04   445.00   0.56  1.12
--------------------------------------------------------------
FW0059   224.92   233.47    7.85   0.19   160.96   0.23  0.40
         257.37   258.62    1.25   0.02    85.00   0.05  0.16
--------------------------------------------------------------
FW0060   176.11   176.69    0.58   0.18   287.50       
--------------------------------------------------------------
FW0061   132.52   133.52    1.00   0.36   112.00   0.06  0.05
         148.00   149.50    1.50   0.04   348.50   1.01  0.17
         178.16   179.24    1.08   0.08   165.50   1.26  4.43
         204.43   207.20    2.77   0.06   386.20   1.66  3.50
         211.45   213.65    2.20   0.07   106.30   0.28  2.35
--------------------------------------------------------------
FW0062   222.24   226.34    4.10   0.34   268.00   0.07  0.21
         230.52   238.06    7.54   0.21   388.64   0.59  1.23
         261.04   264.48    3.44   0.19   233.57   0.28  2.55
         269.06   269.56    0.50   0.07   700.00   3.99  3.76
         284.00   284.58    0.58   0.10   173.75   0.58  1.76
--------------------------------------------------------------
FW0063   188.22   191.22    3.00   0.11   311.33   0.12  0.16
         199.22   200.22    1.00   0.08   308.00   0.18  0.26
--------------------------------------------------------------
FW0064   221.80   237.00   15.20   0.11   130.93   0.14  0.53
--------------------------------------------------------------
FW0065   262.50   264.50    2.00   0.16   113.80       
--------------------------------------------------------------
All widths are approximate true widths.  
Samples were prepared and assayed at PRA Kunming lab (Process Research Associated Ltd.) with supervision of a certified BC assayer. Silver was assayed with fire assay and AAS or gravimetric finish. Assay results were further checked at PRA's Vancouver lab as an external check. Reference materials were inserted by Minco staff geologists as a further assay control. This news release has been reviewed and approved for release by William Meyer, P.Eng. Chairman of the Board and designated Qualified Person.

About Minco Silver

Minco Silver Corporation 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) and Silver Standard Resources (TSX:SSO). For more information on Minco and our properties, please visit the website at www.mincosilver.ca or contact Ute Koessler at 1-888-288-8288 or (604) 688-8002 info@mincosilver.ca.

ON BEHALF OF THE BOARD
"Ken Z. Cai"
President & 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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