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Re:   News - Wednesday, December 09, 2009
      Minco Silver Makes a Firm Offer to Acquire Sterling Mining
      Company
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Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV)
is pleased to announce that the Company has made a firm offer of
USD$12,500,000 to acquire a 100% interest in Sterling Mining Company
("Sterling"). 

On December 2, 2009 Sterling filed with the United States Bankruptcy
Court in the District of Idaho (the "Court") a disclosure statement
providing information concerning Sterling's proposed plan of
reorganization indicating that Minco Silver's offer is the best offer.
 

Pursuant to the provisions of Sterling's plan of reorganization Minco
Silver will credit bid the full amount of its' secured claim estimated
at USD$9,400,000, with the balance (approximately USD$3,100,000) paid
in cash. 

Minco Silver continues to fund Sterling's expenses associated with the
care and maintenance of the Sunshine Mine and all of its'
administrative costs pursuant to the terms and conditions of the Court
approved Supplemental Post Petition Secured Financing Agreement.

About Minco Silver

Minco Silver Corporation (TSX: MSV) is a TSX listed company focusing on
the acquisition and development of silver dominant projects.  The
Company owns 90% interest in the world class Fuwan Silver Deposit,
situated along the northeast margin of the highly prospective Fuwan
Silver Belt.  Minco Silver is extremely pleased with the positive
results of its Bankable Feasibility Study demonstrating a robust
deposit is and is working towards bringing the Fuwan Silver Deposit
into production.  For more information on Minco Silver, please visit
the website at www.mincosilver.ca or contact Ute Koessler at
1-888-288-8288 or (604) 688-8002 ir@mincosilver.ca.

ON BEHALF OF THE BOARD

"Dr. Ken Z. Cai"

Chairman & 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:
  http://www.mincosilver.ca/i/pdf/2009-12-09_NR.pdf
    31 KB in size, approx. 7 seconds to download at 56.6Kbps

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Copyright (c) 2009 MINCO SILVER CORPORATION (MNV)  All rights reserved.
 For more information visit our website at http://www.mincosilver.ca/
or send mailto:info@mincosilver.ca
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