MISVF Minco Silver Corp (QX)

		TSX:  MSV; OTCQX: MISVF; WKN:A0ESX5
For Immediate Release	August 14, 2013

 

News release

Minco Silver Provides Corporate Update

 

Minco
Silver Corporation
(the "Company" or "Minco Silver") (TSX: MSV OTCQX:
MISVF; WKN: A0ESX5) provides the following corporate update.

 

The Company has
made great progress in regaining the support of local communities to develop its Fuwan Silver
Project (?the Project?), located in Guangdong Province, China. Prior to resubmitting the revised Environmental Impact Assessment report to the
Chinese Environmental Protection Authority for approval, the Company is required to complete an extensive public survey among the local communities.  The survey concerning the development of the
Project was completed over the past few months and the vast majority of local communities
support the project and look forward to its early development.

 

In addition, the Company has
had productive communication with the Zhaoqian District and Gaoyao County
governments. As a result, the Gaoyao County government has recently issued an official approval of the development of
the Project, subject to receipt of the mining license by Foshan Minco Mining Co., Ltd. the operating
company for the Project.

 

The Company has initiated a program to reduce expenditures in
order to preserve its cash. Accordingly, the consulting
agreement with Ms. Ute Koessler, VP Corporate Communications, has been
terminated. The Company wishes to thank Ms. Koessler for her efforts and
contributions to the Company, and wishes her the best in her future endeavors.

 

About Minco Silver

Minco Silver Corporation is a TSX and OTCQX listed
company focusing on the acquisition and development of silver dominant
projects. The Company owns a 90% interest in the world class Fuwan Silver
Deposit. For more information on Minco Silver, please visit the Company's website
at www.mincosilver.ca
or contact Ellen Wei, CFO of the Company or Jennifer Trevitt, Corporate
Secretary of the Company at 1-888-288-8288 or (604) 688-8002, or email at pr@mincosilver.ca