SNS Silver Corp.
TSX VENTURE : SNS

SNS Silver Corp.

April 03, 2009 12:21 ET

SNS Silver Engages Behre Dolbear to Update 43-101 on Sunshine Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 3, 2009) - SNS Silver Corp. (TSX VENTURE:SNS) has engaged Behre Dolbear & Company Ltd. ("Behre Dolbear") to update the National Instrument 43-101 Technical Report for the Sunshine Silver Mine in Big Creek, Idaho.

President & CEO of SNS David Greenway commented, "Our SRK report on the Crescent Mine is due next week and along with this updated Behre Dolbear report the company should be in a position to advance these projects toward production."

Behre Dolbear is a subsidiary company of The Behre Dolbear Group. In 2007, another of The Behre Dolbear Group subsidiary companies prepared a NI 43-101 Technical Report for the Sunshine Mine. Since that time, the mine was reopened and operated and it is Behre Dolbear's expectation that the reserves and resources have changed; including improvements to the processing facility, the description of the mine, and possibly an increase in the number of claims held. It is Behre Dolbear's intention to build upon, and revise, the information contained in the original NI 43-101.

To the best of our abilities and based on their availability, Behre Dolbear intends to use a majority of the team members who previously participated in the preparation of the original NI 43-101. The site visit will be completed by one of the proposed team members, with the rest of the team completing desk studies within their areas of expertise. The project is expected to take 4 weeks to complete.

The Sunshine mine has been North America's most prolific primary silver mine having produced more than 350 million ounces of high-grade silver since its discovery in 1884 - an amount greater than that produced by the famed Comstock Lode in Nevada. The mine has produced between four million and five million ounces of silver annually through 2001 and has produced as high as 12 million ounces in a single year during the late 1930s (the average grade was over 40 ounces per ton). The Sunshine Mine's infrastructure includes a 1,000 ton-per-day flotation-type concentrator and two operational multi-compartment shafts and hoists, along with some 200 miles of internal shafts (winzes), drifts and other workings.

SNS currently holds a definitive lease agreement with the mines owner SPMI (Sterling Precious Metals Inc.) - including an indemnification by SPMI on SNS' behalf for any third-party claim or suit brought against SNS "to the extent action is based upon a claim arising out of acts, omissions or misrepresentations by SPMI to which they are also a part, including suits by Sterling or any other party arising out of SPMI's previous lease arrangement with Sterling." The lease agreement will be subject to approval by the TSX Venture Exchange.

SNS Silver Corporation (TSX VENTURE:SNS) is an exploration mining company, whose primary asset is the 100% owned Crescent Mine located in Kellogg, Idaho - one of the largest silver districts in North America with over one billion ounces of silver produced in the last 100 years. The property consists of 24 patented mining claims over approximately 350 acres, alongside 40 acres of surface rights. The Company currently has a comprehensive and well-funded drill program underway. SNS's main focus is on upper country surface drilling and underground drilling on the Alhambra and South Veins. Silver Wheaton currently owns approximately 11%. The Company has approximately $1.8 million in cash in addition to the outstanding $2.0 million receivable from Andover Ventures.

Historical resource estimates quoted herein are based on data and reports obtained and prepared by previous operators. The Company has not completed the work necessary to independently verify the classification of the mineral resource estimates and is not treating the mineral resource estimates as National Instrument 43-101 defined resources verified by a qualified person. The historical estimates should not be relied upon. The Crescent Mine will require considerable further evaluation, which the Company's management and consultants are in the process of completing.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.

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