MSV Minco Silver Corp

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES 


Minco Silver Corporation (the "Company" or "Minco Silver") (TSX:MSV) is pleased
to announce that it intends to issue, via a non-brokered private placement, of
up to 11,764,706 Units at a price of CND$1.70 per Unit for an aggregate issuance
of 17,647,059 common shares in the capital stock of the Minco Silver
representing 54.6% of the issued and outstanding shares of the Company. Each
Unit consists of one common share of the Company (a "Share") and one-half of one
common share purchase warrant (a "Warrant or Warrants"). Each whole Warrant
entitles the holder to purchase one Share at a purchase price of $2.15 per Share
for a period of twelve (12) months for aggregate gross proceeds of up to
CND$20,000,000 (the "Offering"). The Warrants will be subject to standard
anti-dilution adjustments in certain circumstances. A cash Finder fee will be
payable on a portion of the Offering in accordance with TSX policy.


The completion of the Offering will result in the issuance of Shares in excess
of 25% of the issued and outstanding common shares of the Company and therefore
will require shareholder approval pursuant to TSX policies. The company advises
that in accordance with Section 604(d) of the TSX Company Manual the Company
will obtain shareholder approval by way of written consents. 


Minco Silver is also pleased to announce that it has entered into an agreement
with IDG-Accel China Growth Fund II L.P. (" Accel") a fund under management by
IDGVC Capital Partners located in the Peoples Republic of China to participate
in the Offering for 6,000,000 Units for aggregate gross proceeds of
CND$10,200,000. Assuming the exercise of the Warrants for an aggregate issuance
of 9,000,000 common shares to Accel representing 21.8% on a partially diluted
basis of the issued and outstanding shares of Minco Silver will not result in a
material effect in control due to Minco Gold Corporations control position. 


The Offering is being made in the provinces of British Columbia, Alberta,
Ontario and certain other jurisdictions. The closing of the Offering is expected
to occur on or about September 30, 2009 and is subject to the approval of the
TSX and all applicable securities regulatory authorities. All of the common
shares issued pursuant to the Offering will be subject to a four-month hold
period.


The net proceeds from the Offering will be used for the development of the
Company's Fuwan Silver Project located in the Province of Guangdong in the
Peoples Republic of China; the continued financing of Sterling Mining Company
and reorganization and for general corporate purposes.


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, or any state securities laws, and may not be offered or sold
in the United States absent registration or an applicable exemption from the
registration requirements. This news release is for information purposes only
and shall not constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any state in which such offer,
solicitation or sale would be unlawful.


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.

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