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Message: San Agustin Option Expires

San Agustin Option Expires

posted on Feb 11, 2009 10:53AM
February 11, 2009
Silver Standard Resources Inc.: San Agustin Option Expires
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 11, 2009) - Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) reports that Geologix Explorations Inc. has elected not to exercise its option to acquire a 100% interest in the San Agustin property.

The San Agustin property is located 85 kilometers north of Durango City in Durango, Mexico, and is prospective for precious and base metal mineralization.

To receive Silver Standard's news releases by e-mail, contact Paul LaFontaine, director, investor relations at invest@silverstandard.com or call (888) 338-0046.

Statements contained in this news release that are not historical fact, such as statements regarding the economic prospects of the company's projects, future plans or future revenues, timing of development or potential expansion or improvements, are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such forward looking statements are subject to risks and uncertainties which could cause actual results to differ materially from estimated results. Such risks and uncertainties include, but are not limited to, the company's ability to raise sufficient capital to fund development, changes in economic conditions or financial markets, changes in prices for the company's mineral products or increases in input costs, litigation, legislative, environmental and other judicial, regulatory, political and competitive developments in Canada, technological and operational difficulties or inability to obtain permits encountered in connection with exploration and development activities, labour relations matters, and changing foreign exchange rates, all of which are described more fully in the company's filings with the Securities and Exchange Commission.
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