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Re: News - Tuesday, April 03, 2007
Minco Silver Announces the Remaining Assay Results from Phase III
Drilling on the Fuwan Silver Project
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Minco Silver Corporation (the "Company" or "Minco Silver")(TSX: MSV) is
pleased to announce the assay results for the remaining 19 holes of the
Phase III drilling program on its Fuwan Silver Project located in the
Guangdong Province in southeast China. The program consisted of 30
holes, adding 7,509 metres of core drilling, and increases the drill
density to 80 metres by 80 metres. To date, the Company has completed
65 holes for a total of 16,009 metres of core drilling on the project
and is expecting to announce a resource upgrade in the near term that
incorporates all the data generated from the Phase I, II, and III drill
programs.

Zone widths for the remaining 19 holes varied from 0.28 metres to 12.65
metres with silver grades ranging from 56.92 grams per tonne to
1,438.00 grams per tonne. The assay results are highlighted by hole
FW0050 (599.09 g/t silver over 3.01m), hole FW0057 (404.16g/t silver
over 3.32m), hole FW0058 (867.20 g/t silver over 1.82m), and hole
FW0059 (160.96 g/t silver over 7.85m).

Detailed results for the 19 core drill holes announced today are
provided below:


----------------------------------------------------------------------
Average Grade
Inter- --------------------------
From To cept Au Ag Pb Zn
Hole Section (m) (m) (m) (g/t) (g/t) (%) (%)
----------------------------------------------------------------------
FW0036 39 175.80 177.80 2.00 0.32 285.05 0.24 0.99
----------------------------------------------------------------------
FW0037 39 117.60 119.60 2.00 0.69 67.00
121.60 134.25 12.65 0.22 121.11 0.15 1.26
----------------------------------------------------------------------
FW0038 0 303.01 304.18 1.17 0.10 81.50
----------------------------------------------------------------------
FW0039 35 147.45 154.88 7.43 0.30 139.92 0.10 0.78
172.65 173.73 1.08 0.13 95.00 0.18 0.22
195.52 196.70 1.18 0.05 89.00 0.06 0.25
----------------------------------------------------------------------
FW0042 31 130.80 134.55 3.75 0.20 123.76 0.02 0.03
163.83 164.53 0.70 0.06 165.00 0.09 0.30
----------------------------------------------------------------------
FW0043 31 198.70 199.20 0.50 0.01 133.50
242.87 243.15 0.28 0.15 1438.00 0.51 1.74
----------------------------------------------------------------------
FW0044 27 205.00 207.30 2.30 0.35 407.22 0.21 0.33
----------------------------------------------------------------------
FW0045 23 140.50 147.70 5.50 0.10 56.92 0.03 0.03
----------------------------------------------------------------------
FW0046 23 259.34 261.08 1.74 0.29 343.51 0.37 3.24
275.43 276.66 1.23 0.14 109.00 0.56 1.88
----------------------------------------------------------------------
FW0047 No Mineralization
----------------------------------------------------------------------
FW0048 15 227.50 245.50 11.10 0.21 99.67 0.16 0.45
----------------------------------------------------------------------
FW0050 15 248.37 251.38 3.01 0.24 599.09 0.52 0.72
281.45 282.57 1.12 0.03 255.00 0.11 0.02
308.00 309.06 1.06 0.02 160.00 0.24 0.36
----------------------------------------------------------------------
FW0052 7 221.40 227.30 3.40 0.08 148.29 0.10 0.03
245.50 246.10 0.60 0.21 203.00 0.06 0.09
278.45 279.35 0.90 0.30 444.50 0.11 0.37
----------------------------------------------------------------------
FW0054 7 301.56 302.46 0.90 0.13 576.00 3.22 2.66
----------------------------------------------------------------------
FW0057 8 80.40 83.65 3.25 0.08 190.98 0.15 0.29
97.53 98.66 1.13 0.39 463.00 0.99 6.06
102.35 105.67 3.32 0.17 404.16 0.55 1.41
119.75 120.70 0.95 0.10 223.50 1.26 0.58
----------------------------------------------------------------------
FW0058 12 76.64 78.46 1.82 0.55 867.20 0.76 0.98
112.72 113.32 0.60 0.05 148.00 1.25 0.10
135.86 136.75 0.89 0.04 445.00 0.56 1.12
----------------------------------------------------------------------
FW0059 23 224.92 233.47 7.85 0.19 160.96 0.23 0.40
257.37 258.62 1.25 0.02 85.00 0.05 0.16
----------------------------------------------------------------------
FW0060 12 176.11 176.69 0.58 0.18 287.50
----------------------------------------------------------------------
FW0065 11 262.50 264.50 2.00 0.16 113.80
----------------------------------------------------------------------

For convenience, a summary table of all 30 holes of the Phase III
program is shown below:


--------------------------------------------------------------
Average Grade
Inter- --------------------------
From To cept Au Ag Pb Zn
Hole (m) (m) (m) (g/t) (g/t) (%) (%)
--------------------------------------------------------------
FW0025 115.50 118.90 3.40 0.28 345.18 0.10 0.15
182.85 198.20 15.35 0.17 329.81 0.52 0.99
--------------------------------------------------------------
FW0036 175.80 177.80 2.00 0.32 285.05 0.24 0.99
--------------------------------------------------------------
FW0037 117.60 119.60 2.00 0.69 67.00
121.60 134.25 12.65 0.22 121.11 0.15 1.26
--------------------------------------------------------------
FW0038 303.01 304.18 1.17 0.10 81.50
--------------------------------------------------------------
FW0039 147.45 154.88 7.43 0.30 139.92 0.10 0.78
172.65 173.73 1.08 0.13 95.00 0.18 0.22
195.52 196.70 1.18 0.05 89.00 0.06 0.25
--------------------------------------------------------------
FW0040 185.00 187.90 2.90 0.13 581.52 0.96 0.54
--------------------------------------------------------------
FW0041 170.25 182.40 12.15 0.57 458.12 0.36 0.68
--------------------------------------------------------------
FW0042 130.80 134.55 3.75 0.20 123.76 0.02 0.03
163.83 164.53 0.70 0.06 165.00 0.09 0.30
--------------------------------------------------------------
FW0043 198.70 199.20 0.50 0.01 133.50
242.87 243.15 0.28 0.15 1438.00 0.51 1.74
--------------------------------------------------------------
FW0044 205.00 207.30 2.30 0.35 407.22 0.21 0.33
--------------------------------------------------------------
FW0045 140.50 147.70 5.50 0.10 56.92 0.03 0.03
--------------------------------------------------------------
FW0046 259.34 261.08 1.74 0.29 343.51 0.37 3.24
275.43 276.66 1.23 0.14 109.00 0.56 1.88
--------------------------------------------------------------
FW0047 No Mineralization
--------------------------------------------------------------
FW0048 227.50 245.50 11.10 0.21 99.67 0.16 0.45
--------------------------------------------------------------
FW0049 230.03 231.03 1.00 0.15 115.00 0.02 0.06
245.48 246.48 1.00 0.18 240.00 0.13 0.09
--------------------------------------------------------------
FW0050 248.37 251.38 3.01 0.24 599.09 0.52 0.72
281.45 282.57 1.12 0.03 255.00 0.11 0.02
308.00 309.06 1.06 0.02 160.00 0.24 0.36
--------------------------------------------------------------
FW0051 321.60 321.85 0.25 0.04 713.00 0.21 0.39
--------------------------------------------------------------
FW0052 221.40 227.30 3.40 0.08 148.29 0.10 0.03
245.50 246.10 0.60 0.21 203.00 0.06 0.09
278.45 279.35 0.90 0.30 444.50 0.11 0.37
--------------------------------------------------------------
FW0053 284.29 288.25 3.96 0.22 1223.74 0.98 2.02
300.55 302.02 1.47 0.10 501.52 0.19 1.14
--------------------------------------------------------------
FW0054 301.56 302.46 0.90 0.13 576.00 3.22 2.66
--------------------------------------------------------------
FW0055 194.89 197.63 2.74 0.17 126.17 0.06 0.25
--------------------------------------------------------------
FW0057 80.40 83.65 3.25 0.08 190.98 0.15 0.29
97.53 98.66 1.13 0.39 463.00 0.99 6.06
102.35 105.67 3.32 0.17 404.16 0.55 1.41
119.75 120.70 0.95 0.10 223.50 1.26 0.58
--------------------------------------------------------------
FW0058 76.64 78.46 1.82 0.55 867.20 0.76 0.98
112.72 113.32 0.60 0.05 148.00 1.25 0.10
135.86 136.75 0.89 0.04 445.00 0.56 1.12
--------------------------------------------------------------
FW0059 224.92 233.47 7.85 0.19 160.96 0.23 0.40
257.37 258.62 1.25 0.02 85.00 0.05 0.16
--------------------------------------------------------------
FW0060 176.11 176.69 0.58 0.18 287.50
--------------------------------------------------------------
FW0061 132.52 133.52 1.00 0.36 112.00 0.06 0.05
148.00 149.50 1.50 0.04 348.50 1.01 0.17
178.16 179.24 1.08 0.08 165.50 1.26 4.43
204.43 207.20 2.77 0.06 386.20 1.66 3.50
211.45 213.65 2.20 0.07 106.30 0.28 2.35
--------------------------------------------------------------
FW0062 222.24 226.34 4.10 0.34 268.00 0.07 0.21
230.52 238.06 7.54 0.21 388.64 0.59 1.23
261.04 264.48 3.44 0.19 233.57 0.28 2.55
269.06 269.56 0.50 0.07 700.00 3.99 3.76
284.00 284.58 0.58 0.10 173.75 0.58 1.76
--------------------------------------------------------------
FW0063 188.22 191.22 3.00 0.11 311.33 0.12 0.16
199.22 200.22 1.00 0.08 308.00 0.18 0.26
--------------------------------------------------------------
FW0064 221.80 237.00 15.20 0.11 130.93 0.14 0.53
--------------------------------------------------------------
FW0065 262.50 264.50 2.00 0.16 113.80
--------------------------------------------------------------
All widths are approximate true widths.

Samples were prepared and assayed at PRA Kunming lab (Process Research
Associated Ltd.) with supervision of a certified BC assayer. Silver was
assayed with fire assay and AAS or gravimetric finish. Assay results
were further checked at PRA's Vancouver lab as an external check.
Reference materials were inserted by Minco staff geologists as a
further assay control. This news release has been reviewed and
approved for release by William Meyer, P.Eng. Chairman of the Board and
designated Qualified Person.

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) and Silver Standard Resources (TSX:SSO). For more
information on Minco and our properties, please visit the website at
www.mincosilver.ca or contact Ute Koessler at 1-888-288-8288 or (604)
688-8002 info@mincosilver.ca.

ON BEHALF OF THE BOARD
"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.

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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 Tue Apr 3, 2007 at 6:37:20 AM Pacific Time
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