Silver Standard appoints Chairman

Silver Standard Resources Inc. announces that following the re-election of all directors at the company’s Annual General Meeting held on May 14, 2008, Peter Tomsett was appointed as Chairman of the Board of Directors by the Board.

Mr. Tomsett has over 25 years of experience in the mining industry, 20 years of which he served with Placer Dome Inc.

Until January 2006, he served as President and Chief Executive Officer of Placer Dome Inc. prior to its acquisition by Barrick Gold Corporation.

Mr. Tomsett has been a director of Silver Standard since November 2006. He is also Chairman of Equinox Minerals Ltd. and a director of Northern American Energy Partners Inc.

As Silver Standard makes the transition from exploration to production, Mr. Tomsett’s industry experience will assist the company in making this transition effectively and efficiently.

Mr. Tomsett commented, I am excited about the opportunity to work more closely with the Board and management to continue to realize the great potential of this company.

Mr. Quartermain, President and Chief Executive Officer commented, we are pleased to have Peter assume this role at the company, bringing his leadership in corporate governance and his international experience as we develop our projects and move into production.