Company Information for Silver Standard Resources

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Company Statement

Silver Standard controls the world's largest published in-ground silver resources of any publicly-traded silver company, with a portfolio of properties in Argentina, Mexico, Chile, Peru, Canada, the United States and Australia. The company's strategy is to explore and advance geopolitically diverse silver projects with defined resources that can generate superior returns on investment for shareholders. Silver Standard is now building its first modern mine, Pirquitas, in northern Argentina, with production expected to commence in late 2008. Silver Standard's shares offer investors a high leverage to silver price increases, with additional exploration upside. Pure silver. The Silver Standard.

Current Operations

Pirquitas Project, Jujuy Province, Argentina
The Pirquitas Project is a wholly-owned primary silver project located in northwestern Argentina near the borders of Bolivia and Chile. Based on a report prepared by Hatch Ltd., in conjunction with Mine Development Associates, Inc., in accordance with the standards of NI 43-101 dated April 28, 2006, as amended (the "Pirquitas Project Report"), which modifies and supersedes the April 2006 feasibility study update prepared by Hatch Ltd. and Mine Development Associates, Inc., the Pirquitas Project is estimated to have proven and probable reserves of 107.1 million ounces of silver. The Pirquitas Project Report envisions an open-pit mine producing an average of 9.6 million ounces of silver per year over a mine operating life of 8.8 years. The Pirquitas Project is expected to produce 10.8 million ounces of silver and 10.2 million ounces of silver in the first and second years, respectively. Project capital costs over the operating life of the Pirquitas Project are estimated to be US$146 million to an accuracy of +/--15% plus Argentinean value added tax of approximately US$12 million, which is refundable in stages once construction starts. Upon a final development decision, we expect construction to take 21-24 months.

The Pirquitas Project is located in an historic mining district and is accessible by public roads. We have secured all material surface and water rights in the area and all material permits necessary for the development and operation of the Pirquitas Project. We anticipate the project's energy requirements will be met by gas-powered generation utilizing an existing natural gas supply line located approximately 40 kilometers to the south of the project. The Pirquitas Project is located approximately 850 kilometers by road from the port of Antofagasta in Chile and approximately 2,000 kilometers by road from the port of Buenos Aires in Argentina.

Principal Projects
1 Pirquitas, Mexico 
2 San Luis, Peru 
3 Pitarrilla, Mexico 
4 Diablillos, Argentina 
5 Snowfield, Canada 

Project Pipeline
6 Berenguela, Peru 
7 Bowdens, Australia 
8 Candelaria, US 
9 Shafter, US 
10 Veta Colorada, Mexico 
11 Maverick Springs, US 
12 Challacollo, Chile 
13 San Marcial, Mexico 
14 Sulphurets
15 Silvertip, Canada 
16 Sunrise Lake, Canada 

Geographical Spread

Argentina, Mexico, Chile, Peru, Canada, the United States and Australia

Board of Directors and Key Management

DIRECTORS

Robert Quartermain, President

David Johnston Former President and General Manager, Highland Valley Copper Corporation

William Meyer Chairman, Minco Mining and Metals Corp.

Gordon Davis Founder and former director of Cyprus Anvil

John Brodie, FCA, President, John R. Brodie Capital Inc.

Peter Tomsett, B.Eng., M.Sc., Former President and CEO, Placer Dome Inc.

MANAGEMENT TEAM

Ron Burk Chief Geologist

Joe Ovsenek Senior Vice President

Ken McNaughton Vice President, Exploration

Paul LaFontaine Director, Investor Relations

Robert Quartermain President

Max Holtby Senior Geologist

Linda Sue Corporate Secretary

Mike Robb Vice President, Project Development

Ross Mitchell Vice President, Finance

Jonathan Singh Corporate Controller

Company Address 999 West Hastings Street, Suite 1180 Vancouver, B.C., Canada, V6C 2W2 Telephone: 604-689-3846 Facsimile: 604-689-3847 Email: invest[at]silverstandard.com Website: http://www.silver-standard.com

Capital Common Shares issued: 62.4 million Fully diluted: 66.7 million

Annual General Meeting May

Year End December 31

Major Shareholders

The company's common shares are widely held among 30,000 shareholders on four continents.

Related News

22/05/08 - Silver Standard Is Now Focused on Bringing Pirquitas Into Production Early Next Year, And On Budget Too
04/02/08 - Silver Standard Resources Looks Towards Production in 2008
20/06/07 - Silver Standard Moves Towards Production at Pirquitas Project

Most Recent Statement

25/08/08 - All Resources Increase at Pitarrilla's Breccia Ridge Zone
07/08/08 - Silver Standard Reports Second Quarter 2008 Results
28/07/08 - Silver Standard Resources Inc.: Second Quarter 2008 Results and Conference Call
16/07/08 - Measured & Indicated Silver Resources Increase 143% at Pitarrilla's Breccia Ridge Zone
15/05/08 - Silver Standard Announces the Appointment of Peter Tomsett as Chairman of the Board of Directors
15/05/08 - Silver Standard Reports First Quarter 2008 Results