Standard Silver Corp. Announces Participation in La Canada Mining and Exploration...

Standard Silver Corp. Announces Participation in La Canada Mining and
Exploration L.L.C. (Pink Sheets: SDSR)

TYLER, Texas, April 7, 2008 /PRNewswire-FirstCall/ -- The following was
released today by Standard Silver Corp. (Pink Sheets: SDSR):
On behalf of management and directors I would like to announce our
twenty eight and one half percent (28.5%) participation in La Canada Mining
and Exploration (LCME). LCME is a private L.L.C. made up of individuals with
wide experience in the Mining and Mining Financial sector.
La Canada Mining & Exploration L.L.C. - Managing Directors
Bobby Cooper, Chairman and Chief Executive Officer
Mr. Cooper is a mining industry executive with over forty years of
diversified multi-site, multi-product mining industry experience. He has
constructed or operated open pit and underground mines involving base metals,
precious metals, coal, diamonds, and uranium, worldwide. Until 1997 Mr. Cooper
was the President and CEO of Kennecott Corporation, having started his mining
career with Kennecott in 1965. In his most recent role at Kennecott
Corporation, he permitted, built and operated gold, silver, copper, zinc, coal
and diamond properties including open pit and underground operations.
Mr. Cooper graduated from Arizona State University with a BA in Business
Administration and subsequently carried out graduate work in industrial
technology and mineral economics.
Tom Myatt, Chief Financial Officer and Secretary
Mr. Myatt has over 20 years of senior level experience in the mining
industry sector. He was until February 2006, President and General Manager of
Rio Tinto Services, Inc., which provided business services, including
accounting, treasury, information services, benefit administration, risk
management, government affairs and public relations, to Rio Tinto plc's
North American subsidiaries. Mr. Myatt previously held Chief Financial
Officer, Manager Business Improvement, Controller, and Director of Finance
positions at Rio Tinto's divisional organization level, and mine General
Manager and Controller positions at Rio Tinto and Kennecott properties. While
with Rio Tinto, Mr. Myatt also led acquisition evaluation teams and strategic
supply procurement negotiating teams. Mr. Myatt gained a Bachelor of Business
Administration degree at University of Iowa, and has participated in Executive
Education programs at Duke University and University of Michigan.
Thomas Loucks, Corporate Development
Mr. Loucks is a senior level mining industry executive with over thirty
years of diversified Fortune 500 and small cap experience in mining company
management as well as international exploration, mineral project development,
corporate planning, acquisitions, and divestitures. Mr. Loucks has worked with
a number of small cap mining companies in recent years. Notably, between 1988
and 1999 Mr. Loucks served as Executive Vice President, Treasurer, and Chief
Financial Officer of Royal Gold Inc. -- a Denver-based, NASDAQ-listed company.
Between 1985 and 1988, Mr. Loucks was responsible for business development
activities of Newmont Mining Corporation, New York. Previously, he worked in
major mineral project development programs at Climax Molybdenum Company, a
division of AMAX, and in international exploration with Kennecott Copper
Corporation. Mr. Loucks holds an MBA from Stanford Graduate School of Business
and earlier received bachelors and masters degrees in geology from Dartmouth
College.
Daniel E. Gorski, Exploration
Mr. Gorski has 37 years of experience in uranium and base and precious
metal exploration, mine planning, development and operations. Mr. Gorski has
extensive experience in Mexico, Texas and the western US and is fluent in
Spanish. Mr. Gorski was the Vice-President and director of Metalline Mining
Company (a public company) from June 1996 until May 2004. From June 2004 until
Jan. 2006 Mr. Gorski was Co-Founder and Vice President of High Plains Uranium,
now merged into Uranium One Corp. Mr. Gorski has a B.Sc. in Geology from
Sul Ross State College, Alpine, Texas, an M.A. in Geology from the University
of Texas, Austin, Texas.
La Canada Mining & Exploration L.L.C. - Directors
William Dodge
Dodge is a mining engineer with 35 years of extensive management
experience in gold, copper, and coal mining projects in the United States and
Latin America. Track record includes five successful start-up mining projects
for several Fortune 500 employers. Bill is a valuable addition to the Board of
LCM.
James A. Knox
Mr. Knox has over 45 years of diversified mineral exploration and mining
industry experience. For much of this period he was a principal of
James A. Knox and Associates, Inc.; Knox, Kaufman, Inc.; and its predecessor,
Perry, Knox, Kaufman, Inc. For over twenty-five years, these companies served
a number of major natural resource companies, principally in North America, in
a consulting capacity. Mr. Knox has also held various management positions
with several other mining and exploration firms, including USMX, Inc., as
President and Chief executive Officer from June 1991 to April 1996; the
Superior Oil Company (Minerals Division) from October 1964 to January 1969;
and Kermac Nuclear Fuels Corp. (Kerr McGee) in the Ambrosia Lake Area,
New Mexico, in both mining and exploration capacities from January 1958 to
May 1962. Mr. Knox is a graduate of Dartmouth College (A.B., 1955), and
received an M.S. degree in Geology at the University of Minnesota (1957). He
is a Registered Professional Geologist in the state of Idaho.
George (Mike) McDonald
Mr. McDonald has over 40 years experience in all phases of the oil and gas
exploration, development, and production. Mr. McDonald worked for
Shell Oil Company, in its East Texas, Rocky Mountain, and West Coast
Divisions, from 1960 till 1975. Mr. McDonald handled all public relations and
government affairs for Shell as well as being responsible for Shell's field
operations, pipeline rights-of way, well locations, Indian Affairs, and lease
and production purchases. From 1975-1980, Mr. McDonald worked for
Exxon Corporation, in its East Texas Division where his duties included
negotiation of lease and production purchases. In 1980, he formed Roseland Oil
& Gas, Inc., a publicly traded oil and gas exploration and production company,
with operations in Texas, Wyoming, Utah, and Washington. In 1987, Mr. McDonald
sold his interest in Roseland, and since that time he has been engaged in the
exploration and production of oil and gas for his own account and through
joint ventures. Mr. McDonald graduated, in 1959, from Sul Ross University, in
Alpine, Texas, with a BA in geology.
We feel that it is a privilege to be part of this group and that it will
offer Standard Silver an opportunity to precipitate in projects that we, at
this time, do not have the staff or financial resources to develop
individually. LCME was specifically formed to develop and operate mines of any
type at any place.
Two of Standard Silver's properties, the Graphic silver-lead district in
New Mexico and the Round Top Beryllium deposit in West Texas will be developed
by LCME. Both these projects have high potential, but will require
considerable engineering and metallurgical expertise and large development
capital expenditure. Projects of this size and complexity would be difficult
for a junior company to finance and manage on its own and it would incur
considerable dilution in the process. Jointly developing them with LCME
presents a far better alternative than joint venturing with an arms length
third party.
LCME has formed a wholly owned Mexican Subsidiary (La Canada Mining and
Exploration de Mexico SA de CV) and is in the process of acquiring assets in
Mexico. Mexico is the country of choice for mining because of its high
undeveloped potential and low political risk.
LCME is currently, under its wholly owned subsidiary La Canada Garnet
Inc., developing an industrial garnet deposit located in Otero County, New
Mexico. Drilling done to date indicates that this deposit contains a large
tonnage of high quality industrial air blast grade garnet that can be
profitably produced. Air blast garnet is in great, and increasing, demand
because silica sand which has been the standard media for metal cleaning is
being phased out owing to health and safety concerns. The Otero County deposit
is very favorably located in that it is equidistant between the West and Gulf
coasts and can efficiently serve both markets. Construction at this deposit is
planned to start as soon as the necessary permits are in place.
LCME plans to move aggressively into the Uranium mining sector. While
uranium is at present not highly regarded by the investment community, its
fundamentals are excellent and we believe that this "lull" represents an
opportunity to enter this sector. We have every expectation that another
"bull" market in uranium will develop in the not too far distant future.
"Statements concerning future financial results, production, expenditures,
reserve estimates, and other items are forward-looking statements. These
statements are based on assumptions concerning commodity prices, drilling
results and other factors management believes are reasonable based on
currently available information; however, management's assumptions and the
Company's future performance are both subject to a wide range of business
risks, and there is no assurance that these goals and projections can or will
be met."
Daniel E. Gorski
President
915-539-5494
bluemtn@sbcglobal.net

SOURCE Standard Silver Corp.

Daniel E. Gorski, President of Standard Silver Corp., +1-915-539-5494,
bluemtn@sbcglobal.net