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

To: Claude Cormier who wrote (344)	2/18/1999 8:05:00 PM
From: Gord Bolton	Respond to of 403

FOR: SILVER STANDARD RESOURCES INC. VSE SYMBOL: SSO NASDAQ SYMBOL: SSRIF FEBRUARY 18, 1999 Silver Standard Raises $1.65 Million in Private Placement VANCOUVER, BRITISH COLUMBIA--NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Silver Standard is pleased to report a $1.65 million private placement of 1.1 million units at a price of $1.50 per unit. Each unit consists of one common share and one common share purchase warrant. Each warrant is exercisable on payment of $1.80 into one common share of Silver Standard for a period of one year. A finder's fee is payable in units. The private placement and finder's fee are subject to VSE approval. The new funds will enable Silver Standard to advance the feasibility study now under way at its 100 percent-owned Bowdens silver project in Australia and to continue exploration work on its option of the Manantial Espejo silver-gold project in southern Argentina. Silver Standard currently has 16,046,497 common shares issued and outstanding, and 17,680,797 common shares on a fully-diluted basis. Silver Standard is a significant silver resource company with development stage silver projects in Australia and Argentina, and silver exploration projects in Mexico, Bolivia and the United States. The company's share of silver-equivalent resources, owned and under option, exceeds 120 million ounces. 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 Form 20F as amended. -30-

To: Claude Cormier who wrote (344)	2/22/1999 9:18:00 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 E-Mail: invest@silver-standard.com www.silver-standard.com -------------------------------------------------------------------------------- NEWS RELEASE TRANSMITTED BY CANADIAN CORPORATE NEWS FOR: SILVER STANDARD RESOURCES INC. VSE SYMBOL: SSO NASDAQ SYMBOL: SSRIF FEBRUARY 22, 1999 Silver Standard Reports Three Zones Open as 1998 Drilling Completed at Bowdens Project VANCOUVER, BRITISH COLUMBIA--Silver Standard Resources Inc. is pleased to report assay results for nine remaining reverse circulation drill holes totalling 982 metres at the company's 100 percent-owned Bowdens silver project in New South Wales, Australia. All holes intersected mineralization and results include further significant silver and base metal values in both infill and step-out drilling in the Main Zone North, and Bundarra North and Bundarra South Zones. Potential for further resource expansion exists in the Main Zone South, and Bundarra North and South Zones, as well as other prospects in the extensive claim area. The best results in terms of core length and grade were drilled in the Main Zone North. Two holes tested the continuity of earlier high-grade drill results in the northern area of the planned open pit. Significant results from vertical hole BGR 132 included 215 grams per tonne or 6.3 ounces per ton of silver-equivalent over 31 metres. BGR 133, collared approximately 100 metres to the northeast, intersected 146 grams per tonne or 4.3 ounces per ton of silver-equivalent over 65 metres. At the Bundarra North Zone, hole BGR 134 tested mineralization in an area where little drilling has been completed. Previously reported results from this hole included 144 grams per tonne or 4.2 ounces per ton of silver-equivalent over 13 metres and 92 grams per tonne or 2.7 ounces per ton of silver-equivalent over 10 metres. In addition, the 13-metre section included a higher grade interval which assayed 265 grams per tonne or 7.7 ounces per ton of silver-equivalent over four metres. BGR 135, 136 and 137 were collared within 100 metres of BGR 134. BGR 137 is located in the untested northwestern area of the Bundarra North Zone. Its results were the best of the three new holes, intersecting 69 grams per tonne or 2.0 ounces per ton of silver-equivalent over 95 metres. The mineralized zone is open to the north and to the west. BGR 138 and 139 tested the southwestern area of the Bundarra North Zone and both holes intersected higher grade silver-equivalent mineralization in core intervals ranging from three to 16 metres. BGR 140 tested outcropping mineralization in the Bundarra South Zone. Values included 62 grams per tonne or 1.8 ounces per ton of silver-equivalent over 23 metres in this relatively untested new area. Potential for expansion of silver resources also exists in the Main Zone South where planned drilling was interrupted by heavy rainfall. Since Silver Standard commenced drilling at Bowdens, 100 reverse circulation and 22 diamond drill holes totalling 12,793 metres have been completed. All data are now being compiled as part of the ongoing feasibility study to be completed in the third quarter of 1999. Metallurgical optimization, environmental and engineering studies are continuing. Silver Standard Resources Inc. is a silver resource company with exploration projects and regional offices in Australia, Argentina, Bolivia, the United States, Mexico and Peru. Silver Standard's advanced projects, owned and under option, have a combined total exceeding 120 million ounces of silver-equivalent resources. /T/ Drill Coordinates Interval Length Silver Silver Hole (metres) (metres) Equivalent From To (g/t) (g/t) (oz/ton) MAIN ZONE NORTH BGR 132 10450N 15343E 57 88 31 187 215 6.27 BGR 133 10500N 15425E 82 147 65 116 146 4.26 incl. 82 101 19 241 257 7.50 BUNDARRA NORTH ZONE BGR 134 10550N 15100E 33 43 10 54 92 2.68 46 59 13 80 144 4.20 incl. 54 58 4 163 265 7.73 BGR 135 10500N 15100E 53 65 12 23 69 2.01 70 86 16 24 62 1.81 BGR 136 10500N 15100E 18 26 8 82 126 3.67 47 60 13 41 99 2.89 BGR 137 10550N 15050E 12 107 95 33 69 2.01 incl. 41 102 61 40 79 2.30 BGR 138 10300N 15025E 26 36 10 61 110 3.21 (x) 69 85(x) 16 104 127 3.70 incl. 72 78 6 157 192 5.60 BGR 139 10275N 15000E 0 6 6 68 72 2.10 23 26 3 103 129 3.76 BUNDARRA SOUTH ZONE BGR 140 10075N 14950E 0 23 23 55 62 1.81 incl. 14 23 9 81 95 2.77 (x) Hole ended in mineralization /T/ 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-