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Message: Provides an Update on Sunshine Mining Lease

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Provides an Update on Sunshine Mining Lease

posted on Mar 03, 09 08:55AM

March 3, 2009

Minco Silver Provides an Update on Sunshine Mining Lease

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 3, 2009) - Minco Silver Corporation (the "Company" or "Minco Silver") (TSX:MSV) wishes to clarify that the status of the Sunshine Mine under Lease (the "Sunshine Mining Lease") is still a matter to be decided by the Courts as set out in a law suit filed in the Shoshone County District Court between Sterling Mining Company ("Sterling") and Sunshine Precious Metals, Inc ("SPMI") (the "Sunshine Action").

To protect Minco Silver's secured interest and property rights in the Sunshine Mining Lease, the Company has filed a motion to join the Sunshine Action and entered on February 25, 2009 a Stipulated Interim Order regarding the Temporary Restraining Order granted on February 18, 2009 to continue until further determination of the Court and Sterling shall take no action or enter into any agreements that would impair any rights that Minco Silver may have with respect to the Sunshine Mining Lease in addition to restraining Sterling and its officers, directors, agents, and employees from removing, selling, destroying, disposing, or concealing all personal and real property Minco Silver has a secured and property interest.

About Minco Silver

Minco Silver Corporation (TSX:MSV) is a TSX listed company focusing on the acquisition and development of silver dominant projects. The Company owns 90% interest in the world class Fuwan Silver Deposit, situated along the northeast margin of the highly prospective Fuwan Silver Belt.

ON BEHALF OF THE BOARD

Dr. Ken Z. Cai, Chairman & CEO

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