MSV Minco Silver Corp

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A
VIOLATION OF U.S. SECURITIES LAW. 


Minco Silver Corporation (TSX:MSV) (the "Company" or "Minco Silver") has
announced today that it has entered into an agreement with a syndicate of
underwriters led by BMO Capital Markets, under which the underwriters have
agreed to buy on a bought deal basis by way of a short form prospectus,
7,600,000 common shares (the "Common Shares"), at a price of C$5.95 per Common
Share for gross proceeds of C$45,220,000. In addition, the underwriters will
also have an option exercisable at any time until 30 days following the closing
of the offering to increase the size of this offering by up to an additional 15%
of the offering to cover over-allotments, if any.


The Company intends to use the net proceeds of the offering to fund construction
of the Company's Fuwan silver mine and for general corporate purposes.


Closing of this offering is expected to be on or about March 3, 2011 and is
subject to certain conditions, including but not limited to, receipt of all
necessary securities regulatory approvals (including the approval of the Toronto
Stock Exchange).


The securities offered have not been registered under the U.S. Securities Act of
1933, as amended, and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements. This
press release 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 a 90%
interest in the world class Fuwan Silver Deposit, situated along the northeast
margin of the highly prospective Fuwan Silver Belt. For more information on
Minco Silver, please visit the website at www.mincosilver.ca.


ON BEHALF OF THE BOARD

Dr. Ken Z. Cai, Chairman & CEO

Certain terms or statements made that are not historical facts, such as the
expected timing of closing of the offering, the intended use of proceeds and
receipt of all regulatory approvals are "forward-looking statements" within the
meaning of applicable securities laws, 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, except as required by law.

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