FOR FURTHER INFORMATION PLEASE CONTACT:
Silver Standard Resources Inc.
Robert A. Quartermain
President
(604) 689-3846
or
Silver Standard Resources Inc.
Paul LaFontaine
Manager, Investor Relations
(604) 689-3846
(604) 689-3847 (FAX)
Email: invest@silver-standard.com
Website: www.silver-standard.com
NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS
FOR: SILVER STANDARD RESOURCES INC.
VSE SYMBOL: SSO
NASDAQ SYMBOL: SSRIF
JANUARY 19, 1999
Silver Standard Reaches Settlement with Former Russian
Partner
VANCOUVER, BRITISH COLUMBIA--Silver Standard Resources Inc. is
pleased to report it has reached an agreement to settle its
dispute with its former Russian partner, Geolog, and other
parties. Under the terms of the agreement, Silver Standard will
receive $841,775 as settlement for loans that the company had
advanced during its involvement in the Lunnoe silver-gold project
in Russian Far East. Silver Standard withdrew from the project in
June 1998.
The company will add the funds to working capital which will be
used for exploration on the Manantial Espejo silver-gold project
in Argentina and to continue feasibility work at its 100
percent-owned Bowdens silver project in Australia.
Silver Standard Resources Inc. is a silver resource company with
exploration projects in Australia, Argentina, Bolivia, the United
States, Mexico and Peru. Silver Standard's advanced projects,
owned and under option, have a combined total exceeding 100
million ounces of silver and silver-equivalent resources.
To receive Silver Standard's news releases by e-mail, contact
Investor Relations at invest@silver-standard.com, or sign up at
the company's web site at silver-standard.com.
The Vancouver Stock Exchange has neither approved nor disapproved
of the information contained herein. The statements that are not
historical facts are forward-looking statements involving known
and unknown risks and uncertainties which could cause actual
results to vary considerably from these statements. The risks and
uncertainties include those described in Silver Standard's SEC
Form 20F as amended.
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