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Re: News - Thursday, May 22, 2008
Minco Silver Starts Regional Exploration Program Along the Fuwan
Silver Belt
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Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV)
is pleased to report the start of the regional exploration program
along the highly prospective Fuwan Silver Belt. To date, Minco Silver
has focused on the Fuwan Silver Deposit, containing a NI 43-101
compliant Indicated silver resource of 93.5 million ounces and an
Inferred silver resource of 63.3 million ounces. The Company's
exploration permits cover more than 200 square kilometres and include
the Fuwan Silver Deposit which extends for approximately three
kilometres (km) and lies within the 10 km long Fuwan Silver Belt.

The planned regional exploration program budgeted at Cdn. $2.5 million
will consist of the following:

.. Detailed structural and geological studies of the entire Fuwan
Silver Belt.

.. 300 km of detailed ground magnetic survey over 70% of the Fuwan
Silver Belt.

.. 30 km of dipole-dipole induced polarization survey.

.. 10,000 m of diamond core drilling to test the main target areas: the
Luzhou and the Dieping areas.

Previous geochemical surveys consisting of 50,000 individual soil
samples and geological surveys conducted over the entire Fuwan Silver
Belt by the 757 Exploration Team resulted in several significant gold
and silver anomalies. The 757 Exploration Team also completed
exploration drilling on the Dieping and the Luzhou areas. The
historical assay results are highlighted by the following
intersections:

.. Dieping ZK21401: 181.4 g/t silver over 8.01 metres
and 191.8 g/t silver over 4.8 metres

.. Dieping ZK21502: 119.0 g/t silver over 6.71 metres

.. Luzhou ZK7501A: 568.1 g/t silver over 2.87 metres

.. Luzhou ZK10001: 128.0 g/t silver over 2.53 metres

The geophysical survey is currently underway and is being conducted by
Geosan, LLC, of Ulaanbatar, Mongolia. Geosan is a very experienced
geophysical exploration company and has conducted numerous surveys for
significant exploration companies in Mongolia.

Minco Silver is encouraged by the favourable geology and previous
exploration results reported by the 757 Exploration Team on the Fuwan
Silver Belt. The current exploration program could potentially lead to
the discovery of additional silver deposits on this World Class Fuwan
Silver Belt.

Please visit the Company's website at www.mincosilver.ca to view a map
of the Fuwan Silver Belt and main target areas.

Mr. Dwayne Melrose, P. Geo, Vice President Exploration for Minco
Silver, has reviewed this news release and is the Qualified Person
responsible for verification and quality assurance of the Company's
exploration data and analytical results.

About Minco Silver

Minco Silver Corporation (TSX: MSV) is a TSX listed company focusing on
the acquisition and development of silver dominant projects in China.
The Company owns 100% interest in the World Class Fuwan Silver Deposit,
situated along the northeast margin of the highly prospective Fuwan
Silver Belt. The Company is the exclusive vehicle for pursuing silver
opportunities in China pursuant to a strategic alliance agreement
between Minco Gold Corporation (TSX:MMM/AMEX:MGH/FSE:MI5) and Silver
Standard Resources (TSX:SSO). 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@mincomining.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 Map:
http://www.mincosilver.ca/i/maps/2008-05-22_NRM.jpg
135 KB in size, approx. 26 seconds to download at 56.6Kbps

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Copyright (c) 2008 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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