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Gold/Mining/Energy : SSRIF Silver Standard Resources -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (323)	1/19/1999 12:41:00 PM
From: Gord Bolton	Respond to of 403

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. -30-