Southern Silver updates exploration

Southern Silver Exploration Corp. reported an exploration update on the company’s projects in Mexico, Arizona and New Mexico.

Southern Silver has completed the second phase of drilling on the San Luis prospect. As of January 2008, a total of 4,832 metres of drilling had been completed in 20 drill holes which targeted an 800 metre strike length of the main vein and to depths of up to 400 metres. Previously reported mineralized intervals include 1.91 metres grading 4.14g/t Au 11.7g/t Ag and 2.4% Cu from drill hole 07SL-08 and 1.73 metres grading 5.92g/t Au, 2.6g/t Ag and 0.23% Cu from drill hole 07SL-11.

The most recent drilling targeted deeper portions of the San Luis vein system which appears to flatten at depth and split into two separate veins/breccia zones. Results form drill hole 07SL-17 are highlighted by a 2.67 metre interval grading 0.48g/t Au, 4.73g/t Ag and 0.58% Cu which was returned from one of two thicker (greater than 1 metre) veined intervals from this hole. Partial returns from drill hole 07SL-18 which tested a strong IP geophysical anomaly returned 4.4 metres grading 0.24g/t Au, 13.99g/t Ag and 1.08% Cu and includes strongly anomalous Mo values throughout the mineralized interval. All intervals are reported as estimated true thicknesses. Assay results for the balance of hole 07SL-18 and 2008 drill holes 08SL-19 and 08SL-20 are pending. These most recent results extend the vein system to depths of over 400 metres and up to 800 metres strike.

Exploration on the Minas de Ameca property will continue in May 2008 following the completion of the Pinabete exploration program. An anticipated 1,500 metres of core drilling will target a series of quartz-hematite breccias which were identified through regional mapping and sampling in the Altavista and Texcalme areas located about 7 kilometres south of the San Luis prospect and within the northern portion of the Quila concessions where up to 3.8 metres of 7.12 g/t Au with strongly anomalous Cu and Ag values was returned from surface sampling.