Sino Silver Corp.

Sino Silver Corp.

March 03, 2005 02:37 ET

Sino Silver Corp.: Government Approval of Joint Venture with Sino Top Resources and Technologies, Ltd.


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: SINO SILVER CORP.

OTC Bulletin Board SYMBOL: SSLV

MARCH 3, 2005 - 02:37 ET

Sino Silver Corp.: Government Approval of Joint
Venture with Sino Top Resources and Technologies, Ltd.

BEIJING, CHINA--(CCNMatthews - March 3, 2005) - Sino Silver Corp.
(OTCBB:SSLV) is pleased to announce that it has received a Certificate
of Approval from the Chinese Authorities for the formation of its joint
venture with Sino Top Resources and Technologies, Ltd. ("Sino Top"). At
meetings in Beijing China during the week of March 1st , representatives
of Sino Silver and Sino Top executed closing documents and discussed
various issues concerning the corporate governance of Sino Top and the
exploration programs to be conducted, as well as budget and operational
matters. Sino Silver will fund the joint venture, through a capital
contribution of $500,000 to Sino Top for its 60% equity interest,
subject to the receipt of a business license and the opening of a
Foreign Exchange bank account. Sino Silver has secured the necessary
funding for this payment.

Sino Silver will pay a total of $1million over two years for its 60%
equity interest in Sino-Top. Sino Top has exploratory rights to four
properties located in the Erbaohuo Silver District in Inner Mongolia,
China, as well as the right to acquire exploratory and mining rights in
seven other properties in the same region for an additional capital
contribution to Sino Top of $2million over a two year period. Sino
Silver has appointed three of the five members of the Board of Directors
of Sino Top.

Certain statements in the news release contain "forward-looking
statements" within the meaning of the Private Securities Litigation
Reform Act of 1995, such as statements relating to plans for future
business development activities and prospective financial matters. Such
forward looking statements are subject to risks, uncertainties and other
factors that could cause actual results to differ materially from future
results expressed or implied by such forward looking statements.
Potential risks and uncertainties include, but are not limited to,
general economic conditions, as well as specific factors affecting the
silver markets, competition, interest rate sensitivity and exposure to
regulatory and governmental requirements and changes.

Sino Silver Corp.

Bentall II - Suite 900, 555 Burrard Street, Vancouver, B.C., Canada, V7X
1M8

SINO SILVER CORP.

Ian G. Park, Chairman & President

-30-

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:
    Sino Silver Corp.
    Ian G. Park, Chairman & President
    U.S. & Canadian callers (888) 471-SINO
    Worldwide callers (604) 699-8622
    (604) 677-5218 (FAX)
    info@SinoSilver.com
    www.SinoSilver.com