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NEWS

October 22, 2007

Southern Silver Continues to Advance San Luis Prospect
Southern Silver Exploration Corp. reported today additional encouraging results from core drilling on the San Luis vein system on its Mexican Minas de Ameca project. Drilling has expanded the zone of mineralization both along strike and down dip.

Newly reported results include a 1.91 metre interval grading 4.14g/t Au 11.7g/t Ag and 2.4% Cu within a 9.18 metre interval grading 1.14g/t Au, 7.7g/t Ag and 0.86% Cu from 07SL-08 and a 1.73 metre interval grading 5.92g/t Au, 2.6g/t Ag and 0.23% Cu from drill hole 07SL-11.

Significant Phase II Assay Results from San Luis Zone:

Hole #Collar DataFrom
m
To
m
Interval
m
Est. True
Thickness
m
Au
g/t
Ag
g/t
Cu
%
AZ
Deg
DIP
Deg
Depth
m
07SL-03**180-71237.0195.85
214.10
199.20
216.90
3.35
2.80
1.92
1.61
5.07
1.33
49.81
9.20
4.32
0.84
07SL-04**
inc.
180-60149.8103.25
107.80
113.50
110.30
10.25
2.50
7.25
1.77
2.05
4.58
12.88
30.80
0.34
0.65
07SL-05**
inc.
180-60246.0174.95
187.30
196.35
189.80
21.40
2.50
15.13
1.77
1.03
3.44
12.15
6.1
0.58
2.29
07SL-060-65351.0115.15116.100.950.610.522.400.06
07SL-07180-46299.2247.90250.002.101.890.5113.700.58
07SL-08

inc.
190-50328.0258.30
273.75
279.80
260.40
284.35
282.00
2.10
10.60
2.20
1.82
9.18
1.91
1.01
1.14
4.14
25.79
7.70
11.70
1.52
0.86
2.40
07SL-09180-55270.00159.00
202.90
161.20
207.60
2.20
4.70
1.80
3.85
0.60
0.45
12.92
5.13
0.75
0.31
07SL-11
inc.
180-50152.281.40
86.60
98.00
93.60
88.60
100.00
12.20
2.00
2.00
10.57
1.73
1.73
1.50
5.92
1.96
1.26
2.60
4.20
0.28
0.23
0.31
** Drill holes 07SL-03, -04 and -05 previously reported (NR-12-07).
FA Au, ICP and over limit analyses by ALS Chemex, North Vancouver, BC

To date, a total of 3,962 metres of drilling has been completed in 18 drill holes over two phases of drilling. Fifteen drill holes have now tested an 800 metre strike length of the main San Luis vein structure and to depths of up to 200 metres. The company has now received final assay results from an additional six drill holes (up to 07SL-11) on the San Luis target. Assay results from drill holes 07SL-12, through 07SL-17 and 07Qu-01 are pending.

Mineralization continues to show strength along the eastern extension of the vein system and in several drill holes which tested the down dip extensions of previously reported mineralization in 07SL-04 and 07SL-05. Results from drill hole 07SL-08 are particularly encouraging as the vein system appears to broaden into two significant vein structures. Deeper tests of this section of the San Luis vein is planned for late fall drilling.

Other drill holes bored in this most recent drilling include: a single drill hole which tested the Cerrito de la Cruz vein system (07SL-15), located 400 metres to the north of the San Luis vein; and two drill holes which tested a northeast-trending EM anomaly immediately adjacent to the San Luis vein and a large IP geophysical anomaly at the Tres Copales prospect, located 2.5 kilometres to the south of the San Luis vein. Each of these drill holes intersected locally strong argillic alteration, quartz veining and variable pyrite mineralization. Assays for each of these recently completed drill holes are pending. Two drill holes (07SL-10 and 07SL-13) were abandoned prior to target depth due to poor drilling conditions.

Continuation of drilling

An additional 2,000 metres of drilling is planned for the remainder of the fourth quarter of 2007, which will test the Magistral Mine target as well as continue to test prominent IP geophysical targets generated through recent surface exploration on the project. Drilling has now recommenced after a short break in the early part of October.

Minas de Ameca Project

The Minas de Ameca project encompasses a 322 sq. km claim package assembled in part through option agreements between Southern Silver and Fury Explorations Ltd. (TSX.V-FUR) and Soltoro Ltd. (TSX.V-SOL) together with the purchase from the Mexican Government of the El Magistral claim (see NR-10-06 and NR-01-07).

The district is located along the western margin of the Sierra Madre Occidental terrane. Geological reconnaissance has identified several strongly mineralized, copper-rich breccias located at volcanic-intrusive contacts and numerous structurally controlled, quartz-hematite vein systems which occur along a 25 km long mineralized trend extending southeast through the project area. Historical workings consist of copper with gold rich deposits formed as tabular to pipe-like bodies within tourmaline rich intrusives.

-30-

Rob Macdonald, (P.Geo.), is the Qualified Person responsible for reviewing the technical results reported in this release.

On behalf of the Board of Directors
"Lawrence Page"

Lawrence Page, President, 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.