Minco Silver Terminates Proposal for Sterling

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Tue Sep 2, 2008 8:54am EDT 

  VANCOUVER, BRITISH COLUMBIA, Sep 02 (MARKET WIRE) -- 
Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV)
announced today that it has completed a detailed due diligence on
Sterling Mining Company ("Sterling") and decided not to proceed with the
acquisition of all the issued and outstanding shares of Sterling as
announced on July 22, 2008.

    About Minco Silver

    Minco Silver Corporation (TSX: MSV) is a TSX listed company focusing on
the acquisition and development of silver dominant projects. The Company
owns 100% interest in the World Class Fuwan Silver Deposit, situated
along the northeast margin of the highly prospective Fuwan Silver Belt.
The Company is the exclusive vehicle for pursuing silver opportunities in
China pursuant to a strategic alliance agreement between Minco Gold
Corporation (TSX: MMM)(AMEX: MGH)(FRANKFURT: MI5) and Silver Standard
Resources (TSX: SSO).

    ON BEHALF OF THE BOARD

    Dr. Ken Z. Cai, Chairman & CEO

    Certain terms or statements made that are not historical facts, such as
anticipated advancement of mineral properties or programs, productions,
sales of assets, exploration plans or results, costs, prices, performance
are "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995, and involve a number of risks
and uncertainties that could cause actual results to differ materially
from those projected, anticipated, expected or implied. These risks and
uncertainties include, but are not limited to; metals price volatility,
volatility of metals production, project development risks and ability to
raise financing. The Company undertakes no obligation and has no
intention of updating forward-looking statements.


 
 The Toronto Stock
Exchange does not accept responsibility for the accuracy of this news
release.

Contacts:
Minco Silver Corporation
Ute Koessler
1-888-288-8288 or (604) 688-8002
Email: ir@mincomining.ca
Website: www.mincosilver.ca

Copyright 2008, Market Wire, All rights reserved.

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