Silver
Standard Announces the Appointment of Peter Tomsett
as Chairman of the Board of Directors
VANCOUVER, BRITISH
COLUMBIA, May 15, 2008 (Marketwire via COMTEX News
Network) -- Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) is pleased
to announce that following the re-election of all directors at the company's
Annual General Meeting held on May 14, 2008, Peter Tomsett
was appointed as Chairman of the Board of Directors by the Board. Mr. Tomsett has over 25 years of experience in the mining
industry, 20 years of which he served with Placer Dome Inc. Until January
2006, he served as President and Chief Executive Officer of Placer Dome Inc.
prior to its acquisition by Barrick Gold
Corporation. Mr. Tomsett has been a director of
Silver Standard since November 2006. He is also Chairman of Equinox Minerals
Ltd. and a director of Northern American Energy Partners Inc.
As Silver Standard
makes the transition from exploration to production, Mr. Tomsett's
industry experience will assist the company in making this transition
effectively and efficiently. Mr. Tomsett commented,
"I am excited about the opportunity to work more closely with the Board
and management to continue to realize the great potential of this
company."
Mr. Quartermain, President and Chief Executive Officer
commented, "We are pleased to have Peter assume this role at the
company, bringing his leadership in corporate governance and his
international experience as we develop our projects and move into
production." (Source: Silver Standard Resources Inc.)
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, reserves and resource estimates, 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 Argentina or
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
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