Silver
Standard Resources Inc.: San Agustin Option Expires
VANCOUVER, BRITISH
COLUMBIA, Feb 11, 2009 (Marketwire via COMTEX News
Network) -- Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI)
reports that Geologix Explorations Inc. has elected not to exercise its
option to acquire a 100% interest in the San Agustin property.
The San Agustin
property is located 85 kilometers north of Durango City in Durango, Mexico,
and is prospective for precious and base metal mineralization.
To receive Silver
Standard's news releases by e-mail, contact Paul LaFontaine, director,
investor relations at invest@silverstandard.com or call (888) 338-0046.
Statements contained
in this news release that are not historical fact, such as statements
regarding the economic prospects of the company's projects, future plans or
future revenues, timing of development or potential expansion or
improvements, are forward-looking statements as that term is defined in the
Private Securities Litigation Reform Act of 1995. Such forward looking statements
are subject to risks and uncertainties which could cause actual results to
differ materially from estimated results. Such risks and uncertainties
include, but are not limited to, the company'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, litigation, legislative, environmental and other judicial,
regulatory, political and competitive developments in Canada, technological
and operational difficulties 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 filings with the Securities and Exchange Commission.
SOURCE: Silver
Standard Resources Inc.
Silver Standard Resources Inc.
Robert A. Quartermain
President
(604) 689-3846
(604) 689-3847 (FAX)
Silver Standard Resources Inc.
Paul LaFontaine
Director, Investor Relations
N.A. Toll Free: 1-888-338-0046 or Direct: (604) 484-8212
Email: invest@silverstandard.com
Website: www.silverstandard.com