|June 12, 2007|
Minco Silver Engages SRK Consulting for Preliminary Economic Assesment on its Fuwan Silver Project
Minco Silver Corporation (the "Company" or "Minco Silver") (TSX:MSV) is pleased to announce that the Company has retained SRK Consulting to prepare a Preliminary Economic Assessment (PEA) for the Fuwan Silver Project located in Guangdong Province, in the Peoples Republic of China. SRK Consulting is an independent, internationally recognized engineering company with over 30 years experience providing mining clients with services from exploration through feasibility, mine planning, and production to mine closure. Among SRK's 1500 clients are most of the world's major and medium-sized metal and industrial mineral mining houses, exploration companies, banks, petroleum exploration companies, construction firms, and government departments.
SRK will provide specialist skills and services for the proposed Fuwan Silver Mine to a PEA level of detail to meet Canadian standards in accordance with National Instrument 43-101 guidelines. The study will require approximately 3 months to complete and will commence immediately. SRK will carry out engineering work with respect to project viability, mining methods and mine configuration, process metallurgy, surface infrastructure, and tailings storage. SRK will also work with Process Research Associates of Vancouver on the metallurgical requirements for the study.
The SRK Preliminary Economic Assessment report will form the basis for the Chinese Feasibility Study required for the Chinese Mining License application. Upon successful completion of the PEA, Minco Silver intends to immediately begin work on the Chinese Feasibility Study and is presently reviewing a list of potential Chinese Engineering Institutes for this purpose.
Dr. Ken Cai commented "we are excited to begin definitive engineering studies at Fuwan as Minco Silver transforms from an exploration based company to a development stage company on its way to becoming an emerging silver producer".
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)(FRANKFURT:MI5) and Silver Standard Resources (TSX:SSO).
ON BEHALF OF THE BOARD
"Dr. 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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