FUWAN/ FUWAN SILVER

Minco Silver Corporation announced that the Luoke-Jilinggang Exploration Permit (the “Fuwan Exploration Permit”) for the Fuwan silver project located in Guangdong province of the People’s Republic of China, previously expired on July 20, 2011, has been renewed until July 20, 2013 by the Ministry of Land and Resources of China.

Minco Silver Corporation announced that it has entered into an agreement with a syndicate of underwriters led by BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis by way of a short form prospectus, 7,600,000 common shares, at a price of Can$5.95 per Common Share for gross proceeds of Can$45,220,000.

Minco Silver announced the positive results of feasibility study for the Fuwan silver project located in Southeast China. The study defines an operation based on underground mining and milling of the ore producing a silver/lead concentrate and a zinc concentrate on site in township of Fuwan, approximately 45 km southwest of the provincial capital of Guangzhou, China. Probable mineral reserve totals 9.118 Mt averaging 189 g/t Ag with 9.2 years of mine life. Pre-production capital costs are $73.1 M with a 2.3 years payback period. The net present value before tax at 6% discount rate is $111.5 M.