SNS Silver Corp.

SNS Silver Corp.

June 17, 2009 12:12 ET

SNS Silver Corporation: Crescent Mine Nears Production

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 17, 2009) - SNS Silver Corporation ("SNS" or the "Company") (TSX VENTURE:SNS) continues to advance their holdings in the Silver Valley, Idaho. Based on a recently completed 43-101 resource calculation at the Crescent Mine, preliminary discoveries have been conducted for a scoping study and mine development planning. SNS' engineering team is considering several different scenarios in their effort to determine the most effective means of resource development. Additionally, talks have been initiated regarding a number of mills that would provide a mutually beneficial means of accommodating Crescent Mine ore.

"We are very excited for the next phase of development at the Crescent Mine following a very successful exploration program. We not only discovered the South vein as renowned geologist Brian White theorized, but picked up a second resource on the Alhambra vein that has been mined at different locations since the turn of the last century. Historically the Alhambra vein has shown mostly moderate grade, however, it has the advantage of being on plane and above the main haulage level. We believe this vein can be mined very cost effectively. The South vein is our primary production target and lays app. 1000' to the south, nearly parallel to the Alhambra vein. The potential for the downward projection of the South vein remains high. The ability to develop two different ore bodies at the same time gives us a great advantage in expediting production and exploration tonnage."

Across the valley, care and maintenance of the Sunshine facility has been moving along productively with continuing inspections and certifications of personnel and equipment at the mine. The hydrant system, the fire tank and backup pump have all been tested in the case of an on-site surface fire at the facility. Fire extinguishers have been mounted in designated locations throughout Sunshine and Con-Sil surface facilities as well as the Sterling Tunnel. Electrical grounding checks required by MSHA CFR 30 57.12028 are currently underway at the facility. The underground communication to the Sterling Tunnel is tested frequently as well as checks on the Sterling Tunnel pump system, power and ventilation. Repair and maintenance of the batteries, chargers and the locomotives is being done as well.

The Jewell double drum hoist and the Jewell chippy hoist have each had their required semi-annual non-destructive wire rope testing completed. Inspection of the Jewell double drum clutch mechanism revealed a seized bushing (causing a loud squeal) in one of the activation arms. This problem was addressed and repaired within two shifts. The Jewell double drum is again operational with no other mechanical issues at this time. Lubricant has been purchased for the hoist bearings as there was no AW ISO 68 lubricant located on site. The Silver Summit hoist room remains in a very favourable atmosphere. The Silver Summit Hoist has been started periodically and moved slightly up and down to test the controls. No problems have been detected with the unit thus far.

The new Atlas Copco compressor being used at the Sunshine exhibited a flow problem in the cooling circuit. Investigation revealed a cooling system with no filtration in place between the cooling sump and the compressor unit. The cooling system began plugging up with debris and clogging the system inside the compressor. The cooling lines were flushed out and the compressor cooling units back flushed to clear the system. Filtration was immediately installed to protect the unit from overheating. The compressor is now running properly with no problems.

A comprehensive exploration plan from the Sunshine Mine's 'Sterling Tunnel' was completed by SNS' engineering team in April and remains on hold due to current litigation.

"The turning point is nearing with both mines ready to be placed into production in the near term and we continue to move forward," Greenway stated.

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. A comprehensive drill and mine rehabilitation program was completed in 2008 and production will supplement the company's operations at its recently acquired Sunshine Mine. 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. SNS also benefits from a partnership arrangement with Premium Exploration Ltd. to jointly develop two near term gold production projects in central Idaho; Buffalo Gulch and Friday/Petsite.

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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