Southern Silver Reports on the Cerro Las Minitas Project

Southern Silver Exploration Corp. (TSX VENTURE:SSV)(FRANKFURT:SEG) ("Southern
Silver") reports today that it has executed an amending agreement with the
Optionor of the Cerro Las Minitas property in Durango Mexico to reduce the
option payment due on May 18, 2013 from $1 million to $250,000 and to extend the
balance of the purchase price of $1.75 million to be paid periodically with the
last payment due in March 2015.


Freeport-McMoRan Exploration Corporation ('FMEC") has been funding and directing
Southern Silver's subsidiary, Minera Plata del Sur, S.A. de C.V. ("MPS") to
explore the property pursuant to an earn-in agreement since October 2012 and has
advanced the $250,000 option payment together with a previous payment of
$750,000 due November 18, 2012, together with applicable IVA taxes with such
amounts being credited toward potential expenditures of $25 million required to
earn an indirect 70% interest in the property.


Since execution of the earn-in agreement, FMEC has directed MPS to conduct soil
and vegetation geochemistry and geophysical surveys over the 15,125 hectare
property and to explore the property with diamond drilling utilizing two core
rigs in order to advance the project quickly through this initial discovery and
evaluation stage.


Approximately 1300 metres of the planned +3500 metres drill program has been
completed to date. Logging and sampling of the core continues. Assays are
pending and will be reported upon the completion of the drill program.


Current plans are to test deeper offsets of known mineralized zones at the South
Skarn, Blind Zone and Santo Nino targets and several geophysical and geochemical
targets identified in recent surface exploration by FMEC. The current drill
program is targeting a deep seated porphyry/skarn mineral system similar to the
historic San Martin deposit (60Mt of 118g/t silver, 0.9% copper and 3.9% zinc)
located about 100 kilometres to the south of the Cerro Las Minitas project. See
news release NR-07-13, April 2, 2013 for further details of exploration to date
and the proposed drilling program.


President Lawrence Page commented, "The renegotiation of the option agreement
provides greater flexibility to explore the property systematically within a
reasonable time frame. $2.25 million has been paid on the $4 million purchase
price to earn a 100% unencumbered interest in the property with FMEC having
contributed $1 million as a credit towards its earn in threshold. FMEC may elect
to make additional payments as they become due and as FMEC continues its
exploration program."


About Southern Silver Exploration Corp.

Southern Silver Exploration Corp. is a precious and base metal exploration and
development company and a member of the Manex Resource Group; a private company
comprised of an exceptional multi-disciplinary team of professionals with
specific expertise in all areas of exploration, development, corporate finance
and public company administration.


The company's growth strategy is to acquire, explore and develop either directly
or through joint venture relationships high-quality mineral properties in
progressive jurisdictions within North America including Southern Silver's
silver-lead-zinc Cerro Las Minitas project located in Durango, Mexico.
Freeport-McMoRan Exploration Corporation currently holds an option to earn a 70%
indirect interest in the project by making staged purchase payments and funding
exploration and development expenditures of $25 million on the project over a
ten year period.


Desert Star Resources Ltd. has the option to earn up to a 70% interest in the
gold-silver-copper Oro project in New Mexico by making cash payments to
underlying optionors, issuing one million shares, completing a preliminary
economic assessment and incurring exploration expenditures of $6 million on the
property over a period of 66 months. Southern Silver is currently advancing the
porphyry copper-molybdenum Dragoon project in Arizona and the Minas de Ameca
silver, lead-zinc project in Jalisco, Mexico.


Robert Macdonald (P.Geo) is a Qualified Person as defined by National Instrument
43-101 and has reviewed and approved the technical contents of this release. 


On behalf of the Board of Directors

Lawrence Page, Q.C., President & Director, Southern Silver Exploration Corp.

For further information, please visit Southern Silver's website at
www.southernsilverexploration.com.


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. These statements are based on a number of assumptions, including,
but not limited to, assumptions regarding general economic conditions, interest
rates, commodity markets, regulatory and governmental approvals for the
company's projects, and the availability of financing for the company's
development projects on reasonable terms. Factors that could cause actual
results to differ materially from those in forward looking statements include
market prices, exploitation and exploration successes, the timing and receipt of
government and regulatory approvals, and continued availability of capital and
financing and general economic, market or business conditions. Southern Silver
Exploration Corp. does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information, future
events or otherwise, except to the extent required by applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Southern Silver Exploration Corp.
Liana Shahinian
1.888.456.1112
[e-mail]
www.southernsilverexploration.com