Silver Standard Announces Senior Management Changes
VANCOUVER, BRITISH COLUMBIA
-- (MARKET WIRE) -- 01/27/11 -- Silver
Standard Resources Inc. ("Silver
Standard" or the "Company") (TSX: SSO)(NASDAQ: SSRI)
announces changes to its senior management team. Kenneth McNaughton,
Senior Vice President Exploration and Joseph Ovsenek, Senior
Vice President Corporate Development are leaving the Company as of February
15, 2011 to pursue other interests in mineral exploration with Pretium
Resources Inc.
"Ken
and Joe have been instrumental in Silver Standard's growth and in positioning
the Company for the future. We thank them for their contributions, and wish
them well in their future endeavours," said John Smith,
President and CEO of the Company.
Ron Burk,
Chief Geologist, will assume responsibility for Silver Standard's exploration
programs. Mr. Burk joined Silver Standard in 2004 and has over 20 years of
experience in the development and supervision of exploration programs in North
and South America.
John DeCooman, Vice
President Business Development, will continue to provide leadership and
direction for the Company's corporate development. Mr. DeCooman joined Silver
Standard in 2009 and has over 15 years of experience in mining finance and
business development.
Silver Standard is a silver mining company that seeks growth
through discovery, the development of its project pipeline, and accretive
acquisition opportunities.
To receive Silver Standard's news releases by e-mail, contact Michelle
Romero, Communications Director at invest@silverstandard.com or call
(888) 338-0046.
Cautionary Statements on Forward Looking Information: Statements
in this news release relating to the estimated production of silver and all
relating to the Pirquitas Mine 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"). 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. Such risks and uncertainties include, but are not limited to
Silver Standard's ability to raise sufficient capital to fund development;
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;
risks and uncertainties associated with new mining operations including start-up
delays and operational issues; risks relating to the interpretation of drill
results and the geology, grade and continuity of our mineral deposits;
litigation, legislative, environmental and other judicial, regulatory,
political and competitive developments in Argentina,
Australia, Canada,
Chile, Mexico,
Peru, the
United States and other jurisdictions in which Silver Standard may
carry on business; technological and operational difficulties or the delay,
non-compliance or inability to obtain permits encountered in connection with
exploration and development activities; labour relations matters; and
changing foreign exchange rates, all of which are described more fully in the
company's most recent Form 20-F, and in the Management Discussion and
Analysis under the heading "Risks and Uncertainties" and in other
filings with the Securities and Exchange Commission and Canadian
regulatory authorities. The Company does not intend, and does not assume any
obligation, to update any forward-looking statements, other than as required
by applicable law. (Source: Silver
Standard Resources Inc.)
The TSX has neither approved nor disapproved of the information
contained herein.
Contacts:
Silver Standard Resources Inc.
Michelle Romero
Communications Director
(604) 484-8216 or N.A. Toll Free: (888) 338-0046
invest@silverstandard.com
www.silverstandard.com
Source: Silver
Standard Resources Inc.