December 23, 2008
Mexican Silver Mines Ltd. Proposes to
Extend Expiry Date of Outstanding Warrants
Mexican
Silver Mines Ltd. ("Mexican Silver")
(TSXV: MSM; Frankfurt WKN: A0MSLE) is pleased to announce its intention
to extend the expiry date of certain of its outstanding common share
purchase warrants. The term of the 420,000 warrants issued on
January 10, 2007 and the 4,380,000 warrants issued on May 7, 2007, both
having exercise prices of $0.50 per common share, and the 6,420,750
warrants issued on June 29, 2007, having an exercise price of $1.30 per
common share, are proposed to be extended to May 30, 2010. In
addition, the term of the underlying 442,453 warrants to be issued upon
the exercise of the 884,905 finder's options issued on June 29, 2007, is
also proposed to be extended to May 30, 2010. For further
information on the original issuance of the warrants and finder's options,
please refer to the press releases of Mexican Silver dated January 10,
2007, May 8, 2007 and July 3, 2007 filed on SEDAR.
The extension of the expiry dates of the warrants is subject to review
and acceptance by the TSX Venture Exchange.
About Mexican Silver Mines
Mexican
Silver Mines is a silver focused junior resource company developing three
former silver producing properties in northeastern Mexico. To learn more
about Mexican Silver Mines, please visit: www.mexicansilvermines.com.
ON BEHALF OF THE BOARD OF
MEXICAN SILVER MINES LTD.
___________________________________
Feisal Somji, B.Sc., MBA
President and Chief Executive Officer
FOR FURTHER INFORMATION, CONTACT:
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
the responsibility for the adequacy or accuracy of this release.
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