Silver Mines

April 20, 2010 07:33 ET

Drilling Continues at Webbs Silver


Drilling continues at Webbs Silver.

Silver Mines Limited (SVL) is pleased to announce that drilling has re-commenced on our 100% owned
Webbs Silver Project in NSW. The first phase of the program will consist of a minimum of 2,000m of
reverse circulation (RC) drilling to deliver the following key outcomes;

    *   Confirm down dip extensions to the high grade silver lode below previous holes (drilled in
        the November 2009 program) at the Webbs Silver South Prospect. The resource model predicted these
        extensions, that were successfully intersected in the previous holes (RC67 and diamond hole pre-
        collars in RC58 and 67).
    *   Test for lateral extensions to the lodes further south along strike at Webbs Silver South
        where geophysics shows an anomaly continuing.
    *   Infill gaps in the current drilling pattern to improve the confidence in the inferred
        resource model at Webbs Silver South and increase the current tonnage and silver (copper, lead and
        zinc) content in the resource.
    *   Test  for lateral extensions to the Webbs Silver Adit Prospect lode to the  north  of
        previous drill holes where geophysics shows an anomaly. The anomaly tested to date has confirmed
        the existence of the lodes.

The  updated resource model incorporating the November 2009 drilling program is nearing completion
with the final report expected in the coming days.

Please  direct any queries regarding the content of this report to Charles Straw (CEO)  on  +61  2
9436 0533 or

The  information  in  this  report that relates to Exploration Results  is  based  on  information
compiled  by  Charles  Straw, consulting geologist and CEO, who is a member  of  the  Australasian
Institute  of Mining and Metallurgy. Charles Straw has sufficient experience which is relevant  to
the  style of mineralisation and type of deposit under consideration and to the activity which  he
is  undertaking  to  qualify  as  a  Competent Person as  defined  in  the  2004  Edition  of  the
'Australasian  Code  for Reporting of Exploration Results, Mineral Resources  and  Ore  Reserves'.
Charles  Straw consents to the inclusion in the report of the matters based on his information  in
the form and context in which it appears.

The Directors of Silver Mines Limited accept responsibility for the content of this advertisement.


Silver Mines Limited.:
Charles Straw

Loeb Aron & Company Ltd.:
Peter Freeman

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