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NEWS

March 1, 2007

Southern Silver Grants Options
Southern Silver Exploration Corp. reported today that it has granted 1,496,000 incentive stock options to directors, officers, employees and consultants, each exercisable at $0.58 per share and for a period of five years.

The granting of the stock options is subject to regulatory approval.

On behalf of the Board of Directors,

"Lawrence Page"
Lawrence Page QC, President, Director
Southern Silver Exploration Corp.

For further information visit www.southernsilverexploration.com or please contact Jay Oness at 1-888-456-1112 / 604-684-9384 or by email at corpdev@mnxltd.com