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News - Friday, June 29, 2007
MINCO SILVER INITIATES PHASE V DRILLING ON ITS FUWAN SILVER
PROJECT
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Minco Silver Corporation (the "Company" or "Minco Silver") (TSX:MSV) is
pleased to announce that the Phase V drilling program has begun on the
Fuwan Silver deposit located in Guangdong Province, China. The Phase
IV program has recently been completed and consisted of 40 holes for
11,377 metres of diamond core drilling. Six of the ten Phase IV holes
reported on May 25, 2007, were step out holes that extended the
mineralization to the Northeast and to the South. Assays for the
remaining 30 Phase IV holes are still pending.

The Phase V program consists of 23 holes for approximately 6,000 metres
of drilling. It is designed to increase the level of confidence in the
resource within the Northeast extension area through infill drilling.
The program will also consist of step-out drilling in the Southwest
area in an attempt to continue to expand the resource. To date, the
deposit remains open to the North and Southwest. Further drilling is
planned to delineate these extensions before a new resource calculation
is made. Minco Silver is currently operating 8 drill rigs on the
property and anticipates completion of the Phase V exploration program
by the end of September, 2007.

The Company's Annual General and Special Meeting of the Shareholders
was held at the Terminal City Club in Vancouver on June 26, 2007. Dr.
Ken Cai, Mr. William Meyer, and Mr. Chan-Seng Lee were re-elected as
Directors of the Company. Mr. Timothy Marlow, VP Operations for Minco
Silver Corporation, and Mr. Kenneth McNaughton, VP Exploration for
Silver Standard Resources, have been newly elected to the Board of
Directors. Mr. McNaughton will represent Silver Standard's interests
as part of the strategic alliance agreement between the two companies.
Due to their busy schedules, Mr. Robert Quartermain and Mr. Wade Dawe
were unable to run for re-election but will act in an advisory capacity
to Minco Silver's Board. The Company thanks Mr. Quartermain and Mr.
Dawe for their valuable contributions and services.

On June 27, 2007, the new Board of Directors convened for the first
time and appointed the following Officers to act on behalf of the
Company:

.. Dr. Ken Cai -- Chairman & CEO
.. Mr. Timothy Marlow -- VP Operations
.. Mr. Dwayne Melrose -- VP Exploration
.. Mr. Matthew Kavanagh -- CFO
.. Ms. Fiona Zhou -- Controller

Due to Dr. Cai's promotion to Chairman of the Board, Minco Silver is
actively seeking a President & COO to manage the day to day operations
of the Company as it rapidly advances the Fuwan Silver Project through
the development process.

Minco Silver would also like to announce that Brigitte McArthur and
Mark Orsmond have left the Company and wishes them well in their future
endeavors.

About Minco Silver


Minco Silver Corporation is a TSX company focusing on the acquisition
and development of silver dominant projects in China. The Company is
the exclusive vehicle for pursuing silver opportunities in China
pursuant to a strategic alliance agreement between Minco Gold
Corporation (formerly "Minco Mining & Metals Corporation")
(TSX:MMM)(AMEX:MGH)(FRANKFURT:MI5) and Silver Standard Resources
(TSX:SSO).

ON BEHALF OF THE BOARD

"Dr. Ken Z. Cai"

President & CEO

The Toronto Stock Exchange does not accept responsibility for the
accuracy of this news release. Certain terms or statements made that
are not historical facts, such as anticipated advancement of mineral
properties or programs, productions, sales of assets, exploration plans
or results, costs, prices, performance are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act of
1995, and involve a number of risks and uncertainties that could cause
actual results to differ materially from those projected, anticipated,
expected or implied. These risks and uncertainties include, but are not
limited to; metals price volatility, volatility of metals production,
project development risks and ability to raise financing. The Company
undertakes no obligation and has no intention of updating
forward-looking statements.

View News Release in PDF Format:

Associated File:
http://www.mincosilver.ca/i/pdf/NR-June-29-2007.pdf
36 KB in size, approx. 8 seconds to download at 56.6Kbps

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Copyright (c) 2007 MINCO SILVER CORPORATION (MNV) All rights reserved.
For more information visit our website at http://www.mincosilver.ca/
or send mailto:info@mincosilver.ca
Message sent on Fri Jun 29, 2007 at 10:01:25 AM Pacific Time
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