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NEWS

April 3, 2006

Southern Silver Announces Non-Brokered Private Placement
Southern Silver Exploration Corp. reported today that the company has arranged a non-brokered private placement of up to 600,000 units at a price of $1.00 per unit.

The units will comprise of one common share and one share purchase warrant. Each warrant can be exercised for one common share at a price of $1.00 per share for a period of two years.

The proceeds of the offering will be used for working capital.

The financing arrangements are subject to regulatory approval.

On behalf of the Board of Directors,

"Robert E. Swenarchuk"
Robert E. Swenarchuk, 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