MSV Minco Silver Corp

Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV) is pleased to announce the appointment of Mr. Wayne Spilsbury to the Board of Directors and Audit Committee, subject to regulatory approval. Mr. Spilsbury received his B.Sc. (Honors Geology) in 1973 from the University of British Columbia and his M.Sc. (Applied Geology) in 1982 from Queens University in Ontario. He brings over 35 years experience in mining, including 28 years with Teck Cominco Limited and is their former General Manager, Exploration - Asia Pacific. He has worked throughout Western Canada, the United States, Asia, and Australia. Mr. Spilsbury is a Member of the Association of Professional Engineers and Geoscientists of British Columbia and a Fellow of Australasian Institute of Mining and Metallurgy.

The Company also wishes to announce that Mr. Kenneth McNaughton has stepped down from the board of directors due to his busy schedule. The Company thanks him for his valuable contributions and wishes him and his family well.

The Company reports that on March 4, 2009 Sterling Mining Company ("Sterling") filed in the US Bankruptcy Court District of Idaho a chapter 11 bankruptcy petition and that Minco Silver is working closely with counsel to Sterling and the Trustee in Bankruptcy to expeditiously resolve all of the outstanding issues surrounding the Lease to the Sunshine Mine.

About Minco Silver

Minco Silver Corporation (TSX: MSV) is a TSX listed company focusing on the acquisition and development of silver dominant projects. The Company owns 90% interest in the world class Fuwan Silver Deposit, situated along the northeast margin of the highly prospective Fuwan Silver Belt.

ON BEHALF OF THE BOARD

Dr. Ken Z. Cai, Chairman & CEO

Certain terms or statements made that are not historical facts, such as anticipated advancement of mineral properties or programs, productions, sales of assets, exploration plans or results, costs, prices, performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to; metals price volatility, volatility of metals production, project development risks and ability to raise financing. The Company undertakes no obligation and has no intention of updating forward-looking statements.

The Toronto Stock Exchange does not accept responsibility for the accuracy of this news release.

Contacts: Minco Silver Corporation Ute Koessler 1-888-288-8288 or (604) 688-8002 Email: ir@mincosilver.ca Website: www.mincosilver.ca