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NEWS

March 27, 2006

Southern silver Appoints New Chief Financial Officer

Southern Silver Exploration Corp. today reported the appointment of Scott B. Hean, MBA., as Chief Financial Officer (CFO) of the Company, pursuant to the terms of the Company's engagement of Mr. Hean's company, Atherton Enterprises Ltd. ("Atherton").

Born and raised in Vancouver , Mr. Hean graduated from Simon Fraser University in 1973 and from the Ivey School of Business, London , Ontario , in 1975. He has held senior management and executive positions with J.P. Morgan of New York , primarily financing junior oil and gas companies and as Senior Vice President and Managing Director at Bank of Montreal, where he was responsible for financing in the natural resources sectors in North America . Recently, he has served as Chairman and CFO of Plastics Solutions, a private company marketing biodegradable plastics, and he continues to be President of his own consulting practice. He has served on numerous not-for-profit Boards, including Outward Bound and B. C. Children's Hospital and currently serves as Chairman of the Finance Committee, for the Bill Reid Foundation.

In the engagement of Atherton, the Company has agreed, subject to regulatory approval, to a compensation package which includes stock options entitling the purchase of up to 125,000 shares of the Company for a period of five years at a price of $0.82 per share, subject to a staged vesting formula over an eighteen month period. The options to be granted are compensation options granted as a term of the engagement of Atherton and are not, therefore, granted pursuant to the Company's Incentive Stock Option Plan.

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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