<SEC-DOCUMENT>0001062993-12-000678.txt : 20120227
<SEC-HEADER>0001062993-12-000678.hdr.sgml : 20120227
<ACCEPTANCE-DATETIME>20120227140456
ACCESSION NUMBER:		0001062993-12-000678
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20120227
FILED AS OF DATE:		20120227
DATE AS OF CHANGE:		20120227

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			SILVER STANDARD RESOURCES INC
		CENTRAL INDEX KEY:			0000921638
		STANDARD INDUSTRIAL CLASSIFICATION:	MINERAL ROYALTY TRADERS [6795]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26424
		FILM NUMBER:		12641208

	BUSINESS ADDRESS:	
		STREET 1:		999 W HASTINGS ST
		STREET 2:		SUITE 1400
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			V6C 2W2
		BUSINESS PHONE:		604-689-3846

	MAIL ADDRESS:	
		STREET 1:		999 W HASTINGS ST
		STREET 2:		SUITE 1400
		CITY:			VANCOUVER BC CANADA
		STATE:			A1
		ZIP:			V6C 2W2
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>form6k.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
<HTML>
<HEAD>
<TITLE>Silver Standard Resources Inc.: Form 6-K - filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY bgcolor="#FFFFFF" style="font-size: 10pt;">
<hr noshade align="center" width="100%" size=3 color="black">

<p align="center"><font size="5"><strong>UNITED STATES<br>
  SECURITIES AND EXCHANGE COMMISSION</strong></font><br>
  Washington, D.C. 20549</p>

<p align="center"><b><font size="5">FORM 6-K</font></b></p>
<p align="center"><b>REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16
  OR 15d-16 <br>
  UNDER THE SECURITIES EXCHANGE ACT OF 1934</b></p>
<p align="center">For <b>February 27, 2012</b></p>

<p align="center">Commission File Number: <b>000-26424</b></p>

<p align="center"><b><u><font size="5">SILVER STANDARD RESOURCES INC.</font></u></b><br>
  (Translation of registrant's name into English) </p>

<p align="center"><b>1400 - 999 West Hastings Street<br>
  Vancouver, British Columbia<br>
  <u>Canada V6C 2W2</u></b><br>
  (Address of principal executive offices) </p>

<p align="center">Indicate by check mark whether the registrant files or will
  file annual reports under cover Form 20-F or Form 40-F.</p>
<p align="center"> [ x ] Form 20-F&nbsp;&nbsp; [<font style="font-size:1px;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>]
  Form 40-F</p>
<p align="center">Indicate by check mark if the registrant is submitting the Form
  6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [<font style="font-size:1px;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>]</p>
<p align="center"> Indicate by check mark if the registrant is submitting the
  Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [<font style="font-size:1px;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>]</p>
<p align="center">Indicate by check mark whether by furnishing the information
  contained in this Form, the registrant is also thereby furnishing the information
  to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act
  of 1934.</p>
<p align="center">Yes [<font style="font-size:1px;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font>]
  &nbsp; No [ x ]</p>
<p align="center"> If &quot;Yes&quot; is marked, indicate below the file number
  assigned to the registrant in connection with Rule 12g3-2(b): 82- _________
</p>

<HR noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">
<p align="center"><img src="ssrlogo.gif" width="109" height="44"></p>
<p align="center"><b><u>SUBMITTED HEREWITH</u></b></p>

<p align="left"><u>Exhibits</u></p>

<table style="font-size: 10pt;" width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="5%" valign="top" bgcolor="#EEEEEE">&nbsp;</td>
    <td width="5%" valign="top" bgcolor="#EEEEEE"><a href="exhibit99-1.htm">99.1</a></td>
    <td bgcolor="#EEEEEE"><a href="exhibit99-1.htm">News Release dated February 27, 2012</a></td>
  </tr>
</table>
<p>&nbsp;</p>

<hr noshade align="center" width="100%" size=5 color="black" style="page-break-after:always;">

<p align="center"><strong><u>SIGNATURES</u></strong></p>

<p align="justify">Pursuant to the requirements of the Securities Exchange Act
  of 1934, the registrant has duly caused this report to be signed on its behalf
  by the undersigned, thereunto duly authorized.</p>

<table style="font-size: 10pt;" width="100%" border="0" cellspacing="0" cellpadding="0">
  <tr>
    <td width="50%" valign="top">&nbsp;</td>
    <td colspan="2" valign="top"><b>Silver Standard Resources Inc.</b></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td colspan="2" valign="top">(Registrant)</td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td>&nbsp;</td>
  </tr>
  <tr>
    <td valign="top">Date: February 27, 2012</td>
    <td valign="top">By:</td>
    <td><I>/s/ Kristen Riddell</I></td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td><hr noshade align="center" width="100%" size=1 color="black">
    </td>
  </tr>
  <tr>
    <td valign="top">&nbsp;</td>
    <td valign="top">&nbsp;</td>
    <td>Kristen Riddell</td>
  </tr>
  <tr>
    <td width="50%" valign="top">&nbsp;</td>
    <td width="5%" valign="top">Title:</td>
    <td>Vice President, General Counsel and Corporate Secretary</td>
  </tr>
</table>
<p>&nbsp; </p>

<hr noshade align="center" width="100%" size=5 color="Black"></BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>exhibit99-1.htm
<DESCRIPTION>NEWS RELEASE DATED FEBRUARY 27, 2012
<TEXT>
<HTML>
<HEAD>
<TITLE>Silver Standard Resources Inc.: Exhibit 99.1 - filed by newsfilecorp.com</TITLE>
</HEAD>
<BODY style="font-size:10pt;">
<HR noshade align="center" width=100% size=3 color="black">
<!--$$/page=--><A name=page_1></A><BR>
<div align="center"><img src="sstandard.gif"></div>
<br>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0>

  <TR vAlign=top>
    <TD align=left>February 27, 2012 </TD>
    <TD align=right width="50%">News Release 12-05 </TD></TR></TABLE>
<P align=center><B>PITARRILLA PROJECT AND RESOURCE UPDATE</B></P>
<P align=justify>VANCOUVER, B.C. -- Silver Standard Resources Inc. (NASDAQ:
SSRI, TSX: SSO) (&#147;Silver Standard&#148; or the &#147;Company&#148;) announced today an update
for the Pitarrilla project in Durango, Mexico (&#147;Pitarrilla&#148;), including an
updated mineral resources estimate for oxide and sulphide mineralization.</P>
<P align=justify><B><U>Highlights</U></B></P>
<UL style="TEXT-ALIGN: justify">
  <LI>Contracted M3 Engineering to complete the Pitarrilla feasibility study. M3
  has designed and built many mines in Mexico, including the Pe&#241;asquito mine.
  <BR>&nbsp;
  <LI>Feasibility study on track for mid-year 2012 completion. <BR>&nbsp;
  <LI>Construction permit application on track for second-half 2012 submission.
  <BR>&nbsp;
  <LI>Feasibility design is being based on an open-pit mine and a 16,000 tonne
  per day plant with an agitated leach circuit producing a silver dor&#233; and a
  flotation circuit producing separate zinc and lead concentrates containing
  payable silver. <BR>&nbsp;
  <LI>Hired experienced project manager and key development and construction
  management personnel. <BR>&nbsp;
  <LI>Measured and Indicated mineral resources estimate of 655.7 million ounces
  of contained silver (at a 30 g/t silver cut-off grade). <BR>&nbsp;
  <LI>Inferred mineral resources estimate of 65.0 million ounces of contained
  silver (at a 30 g/t silver cut-off grade). </LI></UL>
<P align=justify>&#147;Pitarrilla&#146;s mineral resources are significant and drive the
potential for a long-life mine with strong annual silver production,&#148; said John
Smith, President and CEO. &#147;Our team has now settled on an open-pit design
concept to optimize a larger amount of silver for the long-term benefit of our
shareholders and stakeholders. This approach is consistent with our positive
outlook on silver and our strategy of driving growth and value from our
extensive 100% owned asset portfolio.&#148;</P>
<P align=center>1</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
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<P align=justify>The Pitarrilla feasibility study is being prepared by M3
Engineering &amp; Technology Corporation and the Company&#146;s development team, and
will build on previous resource engineering and design work. This Pitarrilla
feasibility study will focus on mining oxide and sulphide ores from one large
open-pit operation. Plant facilities are expected to target 16,000 tonnes per
day and include a milling circuit, an agitated leach circuit and a flotation
circuit. These facilities are expected to produce silver dor&#233;, and separate zinc
and lead concentrates containing payable silver. Completion of the Pitarrilla
feasibility study is scheduled for mid-year 2012.</P>
<P align=justify>A diamond drill program of approximately 8,300 meters is
scheduled for 2012, with the objective of expanding the near-surface oxide
mineralization at the Breccia Ridge and South Ridge zones. In addition,
metallurgical testing is underway to optimize metal recoveries from oxide and
sulphide mineralization. Where possible, results of this year&#146;s drilling and
metallurgical studies will be included in the Pitarrilla feasibility study.</P>
<P align=justify>The January 31, 2012, Pitarrilla mineral resources estimate was
prepared, verified and approved by the Company&#146;s qualified person Dr. Warwick
Board, Ph.D., Senior Geologist with Silver Standard. The estimate is presented
at three different silver cutoff grades in Table 1, shown below. These mineral
resources estimates are not materially different from those previously
published. A new mineral reserve estimate will be prepared as part of the
Pitarrilla feasibility study. This new mineral reserve estimate will utilize the
open-pit mine concept whereas the current mineral reserve estimate utilizes an
underground mine concept.</P>
<P align=justify><B>Table 1. Pitarrilla Mineral Resources Estimate
</B><I>(effective as of January 31, 2012)</I></P>
<DIV>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 8pt; BORDER-COLLAPSE: collapse; "
borderColor=#000000 cellSpacing=0 cellPadding=3 width="100%" border=1>

  <TR vAlign=top>
    <TD vAlign=bottom align=left><B>Classification</B> </TD>
    <TD vAlign=bottom align=center width="11%"><B>Silver</B>
      <BR><B>Cut-off</B> <BR><B>Grade</B> <BR><B>(g/t)</B> </TD>
    <TD vAlign=bottom align=center width="11%"><B>Tonnage</B> <BR><B>(Mt)</B>
    </TD>
    <TD vAlign=bottom align=center width="11%"><B>Silver</B>
      <BR><STRONG>Grade</STRONG> <BR><B>(g/t)</B> </TD>
    <TD vAlign=bottom align=center width="11%"><B>Lead</B> <BR><B>Grade</B>
      <BR><B>(%)</B> </TD>
    <TD vAlign=bottom align=center width="11%"><B>Zinc</B> <BR><B>Grade</B>
      <BR><B>(%)</B> </TD>
    <TD vAlign=bottom align=center width="11%"><B>Contained</B>
      <BR><B>Silver</B> <BR><B>(Moz)</B> </TD>
    <TD vAlign=bottom align=center width="11%"><STRONG>Contained</STRONG>
      <BR><B>Lead</B> <BR><B>(Mlbs)</B> </TD>
    <TD vAlign=bottom align=center width="11%"><STRONG>Contained</STRONG>
      <BR><B>Zinc</B> <BR><B>(Mlbs)</B> </TD></TR>
  <TR vAlign=top>
    <TD vAlign=center align=left rowSpan=3>Measured </TD>
    <TD align=center width="11%">20 </TD>
    <TD align=center width="11%">25.3 </TD>
    <TD align=center width="11%">81.3 </TD>
    <TD align=center width="11%">0.63 </TD>
    <TD align=center width="11%">1.09 </TD>
    <TD align=center width="11%">66.1 </TD>
    <TD align=center width="11%">352 </TD>
    <TD align=center width="11%">610 </TD></TR>
  <TR vAlign=top>
    <TD align=center width="11%"><B>30</B> </TD>
    <TD align=center width="11%"><B>23.0</B> </TD>
    <TD align=center width="11%"><B>86.7</B> </TD>
    <TD align=center width="11%"><B>0.67</B> </TD>
    <TD align=center width="11%"><B>1.14</B> </TD>
    <TD align=center width="11%"><B>64.2</B> </TD>
    <TD align=center width="11%"><B>340</B> </TD>
    <TD align=center width="11%"><B>580</B> </TD></TR>
  <TR vAlign=top>
    <TD align=center width="11%">40 </TD>
    <TD align=center width="11%">19.7 </TD>
    <TD align=center width="11%">95.6 </TD>
    <TD align=center width="11%">0.73 </TD>
    <TD align=center width="11%">1.22 </TD>
    <TD align=center width="11%">60.4 </TD>
    <TD align=center width="11%">315 </TD>
    <TD align=center width="11%">528 </TD></TR>
  <TR vAlign=top>
    <TD vAlign=center align=left rowSpan=3>Indicated </TD>
    <TD align=center width="11%">20 </TD>
    <TD align=center width="11%">238.5 </TD>
    <TD align=center width="11%">78.9 </TD>
    <TD align=center width="11%">0.31 </TD>
    <TD align=center width="11%">0.72 </TD>
    <TD align=center width="11%">605.2 </TD>
    <TD align=center width="11%">1,605 </TD>
    <TD align=center width="11%">3,787 </TD></TR>
  <TR vAlign=top>
    <TD align=center width="11%"><B>30</B> </TD>
    <TD align=center width="11%"><B>222.0</B> </TD>
    <TD align=center width="11%"><B>82.9</B> </TD>
    <TD align=center width="11%"><B>0.31</B> </TD>
    <TD align=center width="11%"><B>0.73</B> </TD>
    <TD align=center width="11%"><B>591.5</B> </TD>
    <TD align=center width="11%"><B>1,525</B> </TD>
    <TD align=center width="11%"><B>3,581</B> </TD></TR>
  <TR vAlign=top>
    <TD align=center width="11%">40 </TD>
    <TD align=center width="11%">192.4 </TD>
    <TD align=center width="11%">90.2 </TD>
    <TD align=center width="11%">0.33 </TD>
    <TD align=center width="11%">0.76 </TD>
    <TD align=center width="11%">558.0 </TD>
    <TD align=center width="11%">1,379 </TD>
    <TD align=center width="11%">3,220 </TD></TR>
  <TR vAlign=top>
    <TD vAlign=center align=left rowSpan=3><B>Total</B> <BR><B>Measured
      and</B> <BR><B>Indicated</B> </TD>
    <TD align=center width="11%">20 </TD>
    <TD align=center width="11%">263.8 </TD>
    <TD align=center width="11%">79.2 </TD>
    <TD align=center width="11%">0.34 </TD>
    <TD align=center width="11%">0.76 </TD>
    <TD align=center width="11%">671.3 </TD>
    <TD align=center width="11%">1,957 </TD>
    <TD align=center width="11%">4,396 </TD></TR>
  <TR vAlign=top>
    <TD align=center width="11%"><B>30</B> </TD>
    <TD align=center width="11%"><B>245.0</B> </TD>
    <TD align=center width="11%"><B>83.3</B> </TD>
    <TD align=center width="11%"><B>0.35</B> </TD>
    <TD align=center width="11%"><B>0.77</B> </TD>
    <TD align=center width="11%"><B>655.7</B> </TD>
    <TD align=center width="11%"><B>1,864</B> </TD>
    <TD align=center width="11%"><B>4,162</B> </TD></TR>
  <TR vAlign=top>
    <TD align=center width="11%">40 </TD>
    <TD align=center width="11%">212.0 </TD>
    <TD align=center width="11%">90.7 </TD>
    <TD align=center width="11%">0.36 </TD>
    <TD align=center width="11%">0.80 </TD>
    <TD align=center width="11%">618.4 </TD>
    <TD align=center width="11%">1,694 </TD>
    <TD align=center width="11%">3,748 </TD></TR>
  <TR vAlign=top>
    <TD vAlign=center align=left rowSpan=3>Inferred </TD>
    <TD align=center width="11%">20 </TD>
    <TD align=center width="11%">34.7 </TD>
    <TD align=center width="11%">60.8 </TD>
    <TD align=center width="11%">0.18 </TD>
    <TD align=center width="11%">0.44 </TD>
    <TD align=center width="11%">67.9 </TD>
    <TD align=center width="11%">139 </TD>
    <TD align=center width="11%">338 </TD></TR>
  <TR vAlign=top>
    <TD align=center width="11%"><B>30</B> </TD>
    <TD align=center width="11%"><B>31.3</B> </TD>
    <TD align=center width="11%"><B>64.7</B> </TD>
    <TD align=center width="11%"><B>0.18</B> </TD>
    <TD align=center width="11%"><B>0.44</B> </TD>
    <TD align=center width="11%"><B>65.0</B> </TD>
    <TD align=center width="11%"><B>124</B> </TD>
    <TD align=center width="11%"><B>301</B> </TD></TR>
  <TR vAlign=top>
    <TD align=center width="11%">40 </TD>
    <TD align=center width="11%">25.0 </TD>
    <TD align=center width="11%">72.1 </TD>
    <TD align=center width="11%">0.19 </TD>
    <TD align=center width="11%">0.46 </TD>
    <TD align=center width="11%">57.8 </TD>
    <TD align=center width="11%">103 </TD>
    <TD align=center width="11%">255 </TD></TR></TABLE></DIV>
<P align=center>2</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
noShade SIZE=5>
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<P align=justify>Notes to Table 1:</P>
<TABLE
style="BORDER-COLOR: black; FONT-SIZE: 10pt; BORDER-COLLAPSE: collapse; "
cellSpacing=0 cellPadding=0 width="100%" border=0 BCLLIST>

  <TR>
    <TD vAlign=top width="5%">1. </TD>
    <TD>
      <P align=justify>Dr. Warwick Board, Ph.D. (Geology), P.Geo., is the
      Qualified Person for the reported mineral resources estimate.</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%">2. </TD>
    <TD>
      <P align=justify>All mineral resources have been classified in accordance
      with current CIM definition standards.</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%">3. </TD>
    <TD>
      <P align=justify>The Ordinary Kriging with appropriate top-cuts modeling
      methodology was employed for the mineral resources estimates presented in
      the above table.</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%">4. </TD>
    <TD>
      <P align=justify>Although a silver cut-off grade of 30 g/t Ag is
      considered at this time to be the most likely economic cut-off grade for
      large-scale open-pit mining of the Pitarrilla deposit, it has not yet been
      confirmed by the appropriate mining studies. A detailed economic cut-off
      grade analysis will be conducted as part of the Pitarrilla feasibility
      study.</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%">5. </TD>
    <TD>
      <P align=justify>Silver capping grades used in the estimation range
      between 415 g/t Ag and 1,825 g/t Ag for the various oxide domains, and
      between uncapped to 1,370 g/t Ag for the various sulphide domains. Zinc
      capping grades used in the estimation range between 0.55% Zn and 4.63% Zn
      for the various oxide domains, and between uncapped and 10.00% Zn for the
      various sulphide domains. Lead capping grades used in the estimation range
      between uncapped and 4.02% Pb for the various oxide domains, and between
      uncapped and 6.04% Pb for the various sulphide domains.</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%">6. </TD>
    <TD>
      <P align=justify>Detailed bulk density modeling was conducted taking into
      account lithological variability (including an analysis of voids),
      mineralization, and degree of oxidation.</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%">7. </TD>
    <TD>
      <P align=justify>The drillhole database including collar, survey, assay,
      lithology, and mineralization, used in the preparation of the mineral
      resources estimate in Table 1 was validated through conducting detailed
      verification checks, including QA/QC of location and assay data.</P></TD></TR>
  <TR>
    <TD vAlign=top width="5%">8. </TD>
    <TD>
      <P align=justify>Sums may not equal reported totals due to
  rounding.</P></TD></TR></TABLE>
<P align=justify>&nbsp;</P>
<P align=justify>SOURCE: Silver Standard Resources Inc.</P>
<P align=justify>Contact:</P>
<P align=justify>Michael McDonald<BR>Manager, Business Development <BR>Silver
Standard Resources Inc. <BR>Vancouver, B.C.<BR>N.A. Toll Free: (888) 338-0046
<BR>All others: (604) 689-3846 <BR>E-mail: <U>invest@silverstandard.com</U></P>
<P align=justify><I>Cautionary Statements on Forward-Looking Information:
Statements in this news release are forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 and
forward-looking information within Canadian securities laws (collectively
"forward-looking statements"), such as estimates of mineral resources and
reserves and mineralization that will be encountered if and when a property is
developed, design parameters and timing to complete the Pitarrilla feasibility
study, and proposed drill program estimates. Forward-looking statements are
statements that are not historical facts and that are subject to a variety of
risks and uncertainties which could cause actual events or results to differ
materially from those reflected in the forward-looking statements and are often
identified by such words as &#147;estimates&#148;, &#147;expects&#148;, &#147;plans&#148;, &#147;intends&#148; or
variations thereof, or stating that certain actions or results &#147;may&#148;, &#147;could&#148;,
&#147;might&#148; or &#147;will&#148; be taken, occur or be achieved. Such risks and uncertainties
include, but are not limited to risks relating to the interpretation of drill
results and the geology, grade and continuity of our mineral deposits;
technological and operational difficulties or the delay, non-compliance or
inability to obtain permits encountered in connection with exploration and
development activities; changes in economic conditions or financial markets;
changes in prices for the Company's mineral products or increases in input
costs; uncertainty of production and cost estimates for the Pirquitas Mine and
the Pitarrilla project; risks and uncertainties associated with new mining
operations including start-up delays and operational issues; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments in Argentina, Canada, Chile, Mexico, Peru, the United
States and other jurisdictions in which Silver Standard may carry on business;
labour relations matters; and changing foreign exchange rates, all of which are
described more </I><I>fully in the Company's most recent Form 20-F, and in the
Management Discussion and Analysis and in other filings with the Securities and
Exchange Commission and Canadian regulatory authorities.</I></P>
<P align=center>3</P>
<HR style="PAGE-BREAK-AFTER: always" align=center width="100%" color=black
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<P align=justify><I>This list is not exhaustive of the factors that may affect
any of our forward-looking statements. Our forward-looking statements are based
on the beliefs, expectations and opinions of management on the date the
statements are made, and we do not assume any obligation to update
forward-looking statements if circumstances or management&#146;s beliefs,
expectations or opinions should change other than as required by applicable law.
For the reasons set forth above, you should not place undue reliance on
forward-looking statements.</I></P>
<P align=justify><I>Cautionary Note to U.S. Investors</I></P>
<P align=justify><I>This news release uses the terms &#147;Measured Mineral Resource&#148;
and &#147;Indicated Mineral Resource.&#148; We advise U.S. investors that while such terms
are recognized and required under Canadian regulations, the SEC does not
recognize them. U.S. investors are cautioned not to assume that any part or all
of the Mineral Resources in these categories will ever be converted into Mineral
Reserves.</I></P>
<P align=justify><I>This news release uses the term &#147;Inferred Mineral
Resources.&#148; We advise U.S. investors that while such term is recognized and
required under Canadian regulations, the SEC does not recognize it. &#147;Inferred
Mineral Resources&#148; have a great amount of uncertainty as to their existence, and
great uncertainty as to their economic and legal feasibility. It cannot be
assumed that all or any part of an Inferred Mineral Resource will ever be
upgraded to a higher category. Under Canadian rules, estimates of Inferred
Mineral Resources may not generally form the basis of feasibility or other
economic studies. U.S. investors are cautioned not to assume that any part or
all of an Inferred Mineral Resource exists, or is economically or legally
mineable.</I></P>
<P align=justify><I>The TSX has neither approved nor disapproved of the
information contained herein.</I></P>
<P align=justify><I>To receive Silver Standard&#146;s news releases by e-mail,
contact Investor Relations at invest@silverstandard.com or call (888)
338-0046</I></P>
<P align=center>4</P>
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