SNS Silver Corp.

SNS Silver Corp.

September 02, 2009 10:54 ET

SNS Silver Corp. and Andover Ventures Negotiate Debt Settlement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 2, 2009) - SNS Silver Corporation ("SNS" or the "Company") (TSX VENTURE:SNS) announces today that both David Greenway, President and CEO of SNS, and Gordon Blankstein, CEO of Andover have agreed on a settlement of Andover's debt to SNS.

Under the terms of the agreement SNS will receive 4,000,000 common shares in Andover valued at $1 Million dollars plus $1 Million in cash for settlement of the principal debt between the Companies.

SNS Silver Corporation (TSX VENTURE:SNS) is an exploration mining company, whose assets include a number of near term production projects in geopolitically secure Idaho, USA. The 100% owned Crescent Mine consists of 24 patented mining claims over approximately 350 acres. These adjacent properties operated independently to produce nearly 400 million ozs of silver historically and their recent merger is expected to enhance exploration opportunities on their once disputed boundary.

This press release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Security Exchange Act of 1934, and involves a number of risks and uncertainties. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the TSX Venture Exchange and the British Columbia Securities Commission. All statements, other than of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements.

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