CORRECTION FROM SOURCE: Milner Announces Grant of New Stock Options Under Existing Plan

A correction from source is being issued with respect to the release sent out
today, May 4, 2009 at 11:59 AM. The exercise price and market price were
incorrect. The corrected version follows.


MILNER CONSOLIDATED SILVER MINES LTD. (Milner) (TSX VENTURE:MCA) announces that
options to acquire a total of 111,000 common shares of Milner at an exercise
price of $0.13 per share expiring on May 3, 2014 have been granted to three
directors of the Company who are not also officers. Options of 37,000 common
shares have been granted to each director. The market price at close of previous
day was $0.13. The grant of this option is in accordance with the existing stock
option plan. The stock options are for a term of five years and vest
immediately.


The grant of the incentive stock options is subject to regulatory approval.

Milner Consolidated Silver Mines Ltd. is a junior resource company, quoted for
trading on the TSX Venture Exchange under the symbol MCA. There are currently
7,438,506 shares issued and outstanding in Milner Consolidated Silver Mines Ltd.


On Behalf of the Board,

D.J. Bazinet, President

Shares Outstanding: 7,438,506