Minco Silver Corporation will evaluate to acquire silver dominant project outside China in 2013.

Minco Silver Corporation provided the update as results of a strategic review recently completed on its Fuwan Silver Project in China and other corporate initiatives. In 2013, the company will continue to advance the permitting process on its Fuwan Silver Project towards putting the project into commercial production. The revision of the Environmental Impact Assessment (EIA) report has been completed by incorporating the required results from the water monitoring survey report. The revised EIA will be submitted to Chinese environmental protection authority for approval in due course. The preliminary mine design is near completion and will be released after the requirements from the approved EIA report are considered. With a working capital of about CNY 67.7 million as of the end of 2012 and a loan facility of RMB 300 million (CNY 47.5 million) previously arranged with the Industrial and Commercial Bank of China, the company has sufficient funds to meet the capital requirements to put the Fuwan Silver Project into production.

Minco Silver Corporation Presents at Precious Metals Summit Hong Kong, Jan-24-2013 10:30 AM. Venue: JW Marriott, Pacific Place, Hong Kong, China. Speakers: Ute Koessler, Vice President of Corporate Communications.