GoldMinerPulse.com -- Silver Standard Resources Inc.: (NI) 43-101 Metal Valuation Report

Silver Standard Resources Inc. (SSO)

Company Web Site: www.silverstandard.com
(NI) 43-101 reports from projects located in: Argentina (AR)  |  Australia (AU)  |  Canada (CA)  |  Mexico (MX)  |  Peru (PE)  |  USA (US)
This report is based on NI 43-101 disclosures and fully diluted share counts available on: 2010-02-16. Metrics have been updated with stock price and metal prices in effect at the close of Canadian markets on 2010-03-12.
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Recent Production
2008 : Quote:
The Pirquitas Project continues on track with commissioning of infrastructure systems commenced and process commissioning set for December. Production is on target for the first quarter of 2009.

The 2007 Annual report states: Silver Standard is transitioning to production on the foundation of our most fundamental strength: building shareholder value through our silver resources.
Source(s): Production data is from Silver Standard Reports Third Quarter 2008 Results.
Hedge Notes:
Statment on hedging from p. 59 of 84 of the 2007 Annual Report:
...we have not previously undertaken heding activities

GoldMinerPulse Most Optimistic Resource Estimate Summary (MORE):
Metrics last with prices in effect at the TSX/TSXV close on 2010-03-12
Project/Deposit CC MVpSh PP% MI% I% Gold Silver Copper Molybdenum Zinc Tin
    Snowfield CA $568.73 0 58% 42% 29.82 M oz     94.47 M oz     901.80 K t     166.81 K t
    Pitarrilla MX $228.57 13% 75% 12%      725.78 M oz     87.48 K t          2.71 M t
    Brucejack CA $147.98 0 47% 53% 9.07 M oz     136.81 M oz
    San Agustin MX $79.84 0 58% 42% 2.65 M oz     84.80 M oz               1.03 M t
    Pirquitas AR $75.69 80% 14% 6%      240.52 M oz               369.26 K t     79.42 K t
    Berenguela PE $34.70 0 76% 24%      87.75 M oz     187.92 K t
    Maverick Springs US $31.81 0 45% 55%      155.29 M oz
    Candelaria US $28.72 0 33% 67% 202.20 K oz     127.15 M oz
    Diablillos AR $28.02 0 87% 13% 827.10 K oz     83.33 M oz
    Bowdens AU $26.18 0 82% 18%      97.05 M oz               237.14 K t
    Sunrise Lake CA $11.89 0 46% 54% 75.36 K oz     26.71 M oz               203.84 K t
    Challacollo CL $8.65 0 44% 56%      42.21 M oz
    San Luis PE $3.65 0 99% 1% 196.53 K oz     5.12 M oz
    San Marcial MX $3.32 0 0 100%      14.24 M oz               15.25 K t

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-12
Metric / Metal Gold Silver Copper Molybdenum Zinc Tin
    Metal Totals 42.84 M oz     1.92 B oz     1.18 M t     166.81 K t     4.57 M t     79.42 K t
    Metal Prices in US$ (from 2010-03-12) $1,102.60 per oz     $17.07 per oz     $3.36350 per lb     $16.90 per lb     $1.00460 per lb     $7.90 per lb
    Metal Value per Share (MVpSh)
(Shown in US$ and based on fully diluted share count shown below) $566.79     $393.57     $104.76     $74.58     $121.44     $16.60
    Percentage of Total Metal Value 44.36%     30.80%     8.20%     5.84%     9.50%     1.30%
    PP% | MI% | I% 0 | 62% | 38%     15% | 58% | 27%     0 | 40% | 60%     0 | 48% | 52%     15% | 63% | 22%     85% | 13% | 2%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-12
    Metal Value per Share (MVpSh)    US$1,277.74
    Average Ore Value per Tonne    US$35.61
    Metal Value Leverage (MVL)    74.09
    Market Capitalization as % of Metal Value    1.3%
    Recent Stock Price    C$17.56   (TSX/TSXV close on 2010-03-12.)
Conversion rate used: 1 Cnd$ = 0.982172 US$ )
    Fully Diluted Share Count    83.33 M    ( Fully diluted share count is from Company Presentation December 2009 viewed January 2010 plus the 5.88M common shares announced Silver Standard Announces Pricing of Public Offering of Common Shares and the subsequent Silver Standard Announces Exercise of Over-Allotment Option during February 2010. )
    PP% | MI% | I%    7% | 58% | 35%
Gold Metrics-- all Projects/Deposits
    Average Gold Ore Grade    0.547 g/t
    Market Capitalization
    per oz of Gold In Ground    $33.55   US$  |   34.16   C$
    Gold Eq Oz Estimate    96.56 M oz   ( 42.84 M oz are in ground)
    Market Capitalization
    per oz of Gold Equilavent    $14.88   US$  |   15.15   C$
Silver Metrics-- all Projects/Deposits
    Average Silver Ore Grade    20 g/t
    Market Capitalization
    per oz of Silver In Ground    $0.75   US$  |   0.76   C$
    Silver Eq Oz Estimate    6.24 B oz   ( 1.92 B oz are in ground)
    Market Capitalization
    per oz of Silver Equilavent    $0.23   US$  |   0.23   C$

See terms for more about GoldMinerPulse metrics.
Additional Notes:
Updates:    -   Silver Standard Mineral Reserves and Resources, June 18, 2009, page viewed June, 2009.
Ore grade and ore quantity figures for projects listed at GoldMinerPulse have been updated with the data in the June 18, 2009 news release.

For the San Luis project we have assumed that tonnes shown reflect just the portion onwned by Silver Standard.
GoldMinerPulse Coverage Status:
GoldMinerPulse coverage of Silver Standard Resources Inc. is complete pending a final internal review.

Project/Deposit	CC	MVpSh	PP%	MI%	I%	Gold	Silver	Copper	Molybdenum	Zinc	Tin
Snowfield	CA	$568.73	0	58%	42%	29.82 M oz	94.47 M oz	901.80 K t	166.81 K t
Pitarrilla	MX	$228.57	13%	75%	12%		725.78 M oz	87.48 K t		2.71 M t
Brucejack	CA	$147.98	0	47%	53%	9.07 M oz	136.81 M oz
San Agustin	MX	$79.84	0	58%	42%	2.65 M oz	84.80 M oz			1.03 M t
Pirquitas	AR	$75.69	80%	14%	6%		240.52 M oz			369.26 K t	79.42 K t
Berenguela	PE	$34.70	0	76%	24%		87.75 M oz	187.92 K t
Maverick Springs	US	$31.81	0	45%	55%		155.29 M oz
Candelaria	US	$28.72	0	33%	67%	202.20 K oz	127.15 M oz
Diablillos	AR	$28.02	0	87%	13%	827.10 K oz	83.33 M oz
Bowdens	AU	$26.18	0	82%	18%		97.05 M oz			237.14 K t
Sunrise Lake	CA	$11.89	0	46%	54%	75.36 K oz	26.71 M oz			203.84 K t
Challacollo	CL	$8.65	0	44%	56%		42.21 M oz
San Luis	PE	$3.65	0	99%	1%	196.53 K oz	5.12 M oz
San Marcial	MX	$3.32	0	0	100%		14.24 M oz			15.25 K t

GoldMinerPulse Metrics - Total All Projects/Deposits by Metal, prices from 2010-Mar-12
Metric / Metal	Gold	Silver	Copper	Molybdenum	Zinc	Tin
Metal Totals	42.84 M oz	1.92 B oz	1.18 M t	166.81 K t	4.57 M t	79.42 K t
Metal Prices in US$ (from 2010-03-12)	$1,102.60 per oz	$17.07 per oz	$3.36350 per lb	$16.90 per lb	$1.00460 per lb	$7.90 per lb
Metal Value per Share (MVpSh) (Shown in US$ and based on fully diluted share count shown below)	$566.79	$393.57	$104.76	$74.58	$121.44	$16.60
Percentage of Total Metal Value	44.36%	30.80%	8.20%	5.84%	9.50%	1.30%
PP% \| MI% \| I%	0 \| 62% \| 38%	15% \| 58% \| 27%	0 \| 40% \| 60%	0 \| 48% \| 52%	15% \| 63% \| 22%	85% \| 13% \| 2%

GoldMinerPulse Metrics - All Metals from All Projects/Deposits and Prices from 2010-Mar-12
Metal Value per Share (MVpSh)	US$1,277.74
Average Ore Value per Tonne	US$35.61
Metal Value Leverage (MVL)	74.09
Market Capitalization as % of Metal Value	1.3%
Recent Stock Price	C$17.56 (TSX/TSXV close on 2010-03-12.) Conversion rate used: 1 Cnd$ = 0.982172 US$ )
Fully Diluted Share Count	83.33 M ( Fully diluted share count is from Company Presentation December 2009 viewed January 2010 plus the 5.88M common shares announced Silver Standard Announces Pricing of Public Offering of Common Shares and the subsequent Silver Standard Announces Exercise of Over-Allotment Option during February 2010. )
PP% \| MI% \| I%	7% \| 58% \| 35%
Gold Metrics-- all Projects/Deposits
Average Gold Ore Grade	0.547 g/t
Market Capitalization per oz of Gold In Ground	$33.55 US$ \| 34.16 C$
Gold Eq Oz Estimate	96.56 M oz ( 42.84 M oz are in ground)
Market Capitalization per oz of Gold Equilavent	$14.88 US$ \| 15.15 C$
Silver Metrics-- all Projects/Deposits
Average Silver Ore Grade	20 g/t
Market Capitalization per oz of Silver In Ground	$0.75 US$ \| 0.76 C$
Silver Eq Oz Estimate	6.24 B oz ( 1.92 B oz are in ground)
Market Capitalization per oz of Silver Equilavent	$0.23 US$ \| 0.23 C$

See terms for more about GoldMinerPulse metrics.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$13.56	66.20 M oz	132.000 g/t	15.60 M t
Copper	$12.77	143.52 K t	9,200.000 g/t	15.60 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. 50 g/t silver cut-off.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$4.41	21.55 M oz	111.700 g/t	6.00 M t
Copper	$3.95	44.40 K t	7,400.000 g/t	6.00 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. 50 g/t silver cut-off.

Bowdens - ^top^

(NI) 43-101 Report:

Title: BOWDENS PROPERTY, AUSTRALIA TECHNICAL REPORT
Date: 2004-04-15 (83 pages)

Updates: See Silver Standard Mineral Reserves and Resources, January 14, 2010.

Project Location: New South Wales, Australia

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Measured

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $7.60    37.11 M oz     50.400 g/t     22.90 M t
   Lead $2.03    75.57 K t       3,300.000 g/t     22.90 M t
   Zinc $2.80    105.34 K t       4,600.000 g/t     22.90 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources.
40 g/t silver equivalent (silver-equivalent = 88% silver + 92% lead/321+65% zinc/169).

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$7.60	37.11 M oz	50.400 g/t	22.90 M t
Lead	$2.03	75.57 K t	3,300.000 g/t	22.90 M t
Zinc	$2.80	105.34 K t	4,600.000 g/t	22.90 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. 40 g/t silver equivalent (silver-equivalent = 88% silver + 92% lead/321+65% zinc/169).

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $8.67    42.33 M oz     53.300 g/t     24.70 M t
   Lead $1.72    64.22 K t       2,600.000 g/t     24.70 M t
   Zinc $2.36    88.92 K t       3,600.000 g/t     24.70 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources.
40 g/t silver equivalent (silver-equivalent = 88% silver + 92% lead/321+65% zinc/169).

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$8.67	42.33 M oz	53.300 g/t	24.70 M t
Lead	$1.72	64.22 K t	2,600.000 g/t	24.70 M t
Zinc	$2.36	88.92 K t	3,600.000 g/t	24.70 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. 40 g/t silver equivalent (silver-equivalent = 88% silver + 92% lead/321+65% zinc/169).

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $3.61    17.62 M oz     40.900 g/t     13.40 M t
   Lead $0.76    28.14 K t       2,100.000 g/t     13.40 M t
   Zinc $1.14    42.88 K t       3,200.000 g/t     13.40 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources.
40 g/t silver equivalent (silver-equivalent = 88% silver + 92% lead/321+65% zinc/169).

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$3.61	17.62 M oz	40.900 g/t	13.40 M t
Lead	$0.76	28.14 K t	2,100.000 g/t	13.40 M t
Zinc	$1.14	42.88 K t	3,200.000 g/t	13.40 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. 40 g/t silver equivalent (silver-equivalent = 88% silver + 92% lead/321+65% zinc/169).

Brucejack - ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT AND RESOURCE ESTIMATES ON THE WEST, BRIDGE, GALENA HILL, SHORE, SG & GOSSAN HILL GOLD & SILVER ZONES OF THE BRUCEJACK PROPERTY NORTHERN BRITISH COLUMBIA CANADA
Date: 2010-01-14 (129 pages)

Project Location: British Columbia, Canada

Map View: View the Brucejack property on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Measured

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $8.84 668.41 K oz 2.100 g/t 9.90 M t
Silver $4.89 23.87 M oz 75.000 g/t 9.90 M t
Estimate notes: See Table 16.12: Combined Mineral Resource Estimate at a 0.35g/t AuEq cutoff1,2,3 on p. 105 of 129 in the NI 43-101 dated January 2010.
0.35 g/t AuEq cutoff

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$8.84	668.41 K oz	2.100 g/t	9.90 M t
Silver	$4.89	23.87 M oz	75.000 g/t	9.90 M t
Estimate notes: See Table 16.12: Combined Mineral Resource Estimate at a 0.35g/t AuEq cutoff1,2,3 on p. 105 of 129 in the NI 43-101 dated January 2010. 0.35 g/t AuEq cutoff

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $47.09 3.56 M oz 1.000 g/t 110.70 M t
Silver $8.53 41.64 M oz 11.700 g/t 110.70 M t
Estimate notes: See Measured + Indicated note.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$47.09	3.56 M oz	1.000 g/t	110.70 M t
Silver	$8.53	41.64 M oz	11.700 g/t	110.70 M t
Estimate notes: See Measured + Indicated note.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $64.02 4.84 M oz 0.760 g/t 198.00 M t
Silver $14.61 71.30 M oz 11.200 g/t 198.00 M t
Estimate notes: See Measured + Indicated note.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$64.02	4.84 M oz	0.760 g/t	198.00 M t
Silver	$14.61	71.30 M oz	11.200 g/t	198.00 M t
Estimate notes: See Measured + Indicated note.

Candelaria - ^top^

(NI) 43-101 Report:

Title: Candelaria Project Technical Report
Date: 2001-05-24 (68 pages)

Updates: See Silver Standard Mineral Reserves and Resources, January 14, 2010.

Project Location: Nevada, USA

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Measured

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $0.13 9.90 K oz 0.100 g/t 3.08 M t
Silver $3.09 15.07 M oz 152.200 g/t 3.08 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources.
0.5 oz/ton cut-off.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.13	9.90 K oz	0.100 g/t	3.08 M t
Silver	$3.09	15.07 M oz	152.200 g/t	3.08 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. 0.5 oz/ton cut-off.

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $0.39 29.84 K oz 0.100 g/t 9.28 M t
Silver $5.95 29.06 M oz 97.400 g/t 9.28 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources.
0.5 oz/ton cut-off.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.39	29.84 K oz	0.100 g/t	9.28 M t
Silver	$5.95	29.06 M oz	97.400 g/t	9.28 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. 0.5 oz/ton cut-off.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $2.15 162.46 K oz 0.100 g/t 50.53 M t
Silver $17.01 83.02 M oz 51.100 g/t 50.53 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources.
0.5 oz/ton cut-off.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$2.15	162.46 K oz	0.100 g/t	50.53 M t
Silver	$17.01	83.02 M oz	51.100 g/t	50.53 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. 0.5 oz/ton cut-off.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$3.81	18.59 M oz	170.600 g/t	3.39 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. 50 g/t Silver cut-off.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$4.84	23.61 M oz	160.700 g/t	4.57 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. 50 g/t Silver cut-off.

Diablillos - ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT ON THE DIABLILLOS PROPERTY – SALTA AND CATAMARCA PROVINCES, ARGENTINA
Date: 2009-07-27 (103 pages)

Updates: See Silver Standard Mineral Reserves and Resources, January 14, 2010.

Project Location: Salta Province, Argentina

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $8.47 640.29 K oz 0.922 g/t 21.60 M t
Silver $15.79 77.08 M oz 111.000 g/t 21.60 M t
Estimate notes: See 19.0 Interpretation and Conclusions on p. 82 of 103 of the July 2009 NI 43-101 report.
42 g/t silver-equivalent using 60:1 silver to gold ration.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$8.47	640.29 K oz	0.922 g/t	21.60 M t
Silver	$15.79	77.08 M oz	111.000 g/t	21.60 M t
Estimate notes: See 19.0 Interpretation and Conclusions on p. 82 of 103 of the July 2009 NI 43-101 report. 42 g/t silver-equivalent using 60:1 silver to gold ration.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $2.47 186.81 K oz 0.807 g/t 7.20 M t
Silver $1.28 6.25 M oz 27.000 g/t 7.20 M t
Estimate notes: See notes above.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$2.47	186.81 K oz	0.807 g/t	7.20 M t
Silver	$1.28	6.25 M oz	27.000 g/t	7.20 M t
Estimate notes: See notes above.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$14.27	69.68 M oz	34.300 g/t	63.19 M t
Estimate notes: 1.0 oz/ton silver-equivalent cut-off.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$17.54	85.61 M oz	34.300 g/t	77.63 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. 1.0 oz/ton silver-equivalent cut-off.

Pirquitas - ^top^

(NI) 43-101 Report:

Title: Technical Report on Pirquitas, Silver, Tin and Zinc Project
Date: 2008-09-29 (136 pages)

Updates: See Silver Standard Mineral Reserves and Resources, January 14, 2010.

Project Location: Jujuy Province, Argentina / Mining Region: Bolivian Silver-Tin Belt

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Proven

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $13.71    66.91 M oz     194.500 g/t     10.70 M t
   Zinc $1.99    74.90 K t       7,000.000 g/t     10.70 M t
   Tin $5.81    27.82 K t       2,600.000 g/t     10.70 M t
Estimate notes:

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$13.71	66.91 M oz	194.500 g/t	10.70 M t
Zinc	$1.99	74.90 K t	7,000.000 g/t	10.70 M t
Tin	$5.81	27.82 K t	2,600.000 g/t	10.70 M t
Estimate notes:

•Probable

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $26.26    128.19 M oz     202.400 g/t     19.70 M t
   Zinc $4.61    173.36 K t       8,800.000 g/t     19.70 M t
   Tin $8.23    39.40 K t       2,000.000 g/t     19.70 M t
Estimate notes:

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$26.26	128.19 M oz	202.400 g/t	19.70 M t
Zinc	$4.61	173.36 K t	8,800.000 g/t	19.70 M t
Tin	$8.23	39.40 K t	2,000.000 g/t	19.70 M t
Estimate notes:

•Measured

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $1.49    7.27 M oz     51.400 g/t     4.40 M t
   Zinc $0.78    29.48 K t       6,700.000 g/t     4.40 M t
   Tin $0.46    2.20 K t       500.000 g/t     4.40 M t
Estimate notes:

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$1.49	7.27 M oz	51.400 g/t	4.40 M t
Zinc	$0.78	29.48 K t	6,700.000 g/t	4.40 M t
Tin	$0.46	2.20 K t	500.000 g/t	4.40 M t
Estimate notes:

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $3.90    19.03 M oz     56.900 g/t     10.40 M t
   Zinc $1.93    72.80 K t       7,000.000 g/t     10.40 M t
   Tin $1.74    8.32 K t       800.000 g/t     10.40 M t
Estimate notes:

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$3.90	19.03 M oz	56.900 g/t	10.40 M t
Zinc	$1.93	72.80 K t	7,000.000 g/t	10.40 M t
Tin	$1.74	8.32 K t	800.000 g/t	10.40 M t
Estimate notes:

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $3.92    19.12 M oz     247.800 g/t     2.40 M t
   Zinc $0.50    18.72 K t       7,800.000 g/t     2.40 M t
   Tin $0.35    1.68 K t       700.000 g/t     2.40 M t
Estimate notes:

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$3.92	19.12 M oz	247.800 g/t	2.40 M t
Zinc	$0.50	18.72 K t	7,800.000 g/t	2.40 M t
Tin	$0.35	1.68 K t	700.000 g/t	2.40 M t
Estimate notes:

Pitarrilla - ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT - PITARRILLA PROPERTY PRE-FEASIBILITY STUDY
Date: 2009-06-12 (251 pages)

Updates: See Silver Standard Mineral Reserves and Resources, January 14, 2010.

Project Location: Durango, Mexico / Mining Region: Sierra Madre Occidental

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Probable

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $18.81    91.81 M oz     171.000 g/t     16.70 M t
   Lead $5.02    187.04 K t       11,200.000 g/t     16.70 M t
   Zinc $11.41    429.19 K t       25,700.000 g/t     16.70 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources.
Underground cut-off: 65 g/t AgEq; Open Pit cut-off: 20 g/t AgEq (in

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$18.81	91.81 M oz	171.000 g/t	16.70 M t
Lead	$5.02	187.04 K t	11,200.000 g/t	16.70 M t
Zinc	$11.41	429.19 K t	25,700.000 g/t	16.70 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. Underground cut-off: 65 g/t AgEq; Open Pit cut-off: 20 g/t AgEq (in

•Measured

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $28.22    137.75 M oz     102.500 g/t     41.80 M t
   Copper $1.49    16.72 K t       400.000 g/t     41.80 M t
   Lead $6.17    229.90 K t       5,500.000 g/t     41.80 M t
   Zinc $11.89    447.26 K t       10,700.000 g/t     41.80 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources, viewed July 2009.
Underground cut-off: 65 g/t AgEq; Open Pit cut-off: 20 g/t AgEq

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$28.22	137.75 M oz	102.500 g/t	41.80 M t
Copper	$1.49	16.72 K t	400.000 g/t	41.80 M t
Lead	$6.17	229.90 K t	5,500.000 g/t	41.80 M t
Zinc	$11.89	447.26 K t	10,700.000 g/t	41.80 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources, viewed July 2009. Underground cut-off: 65 g/t AgEq; Open Pit cut-off: 20 g/t AgEq

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $84.82    414.05 M oz     72.800 g/t     176.90 M t
   Copper $6.30    70.76 K t       400.000 g/t     176.90 M t
   Lead $17.09    636.84 K t       3,600.000 g/t     176.90 M t
   Zinc $39.02    1.47 M t       8,300.000 g/t     176.90 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources viewed July 2009.
Underground cut-off: 65 g/t AgEq; Open Pit cut-off: 20 g/t AgEq

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$84.82	414.05 M oz	72.800 g/t	176.90 M t
Copper	$6.30	70.76 K t	400.000 g/t	176.90 M t
Lead	$17.09	636.84 K t	3,600.000 g/t	176.90 M t
Zinc	$39.02	1.47 M t	8,300.000 g/t	176.90 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources viewed July 2009. Underground cut-off: 65 g/t AgEq; Open Pit cut-off: 20 g/t AgEq

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Silver $16.83    82.17 M oz     70.800 g/t     36.10 M t
   Lead $4.55    169.67 K t       4,700.000 g/t     36.10 M t
   Zinc $9.79    368.22 K t       10,200.000 g/t     36.10 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources viewed July 2009.
Underground cut-off: 65 g/t AgEq; Open Pit cut-off: 20 g/t AgEq

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$16.83	82.17 M oz	70.800 g/t	36.10 M t
Lead	$4.55	169.67 K t	4,700.000 g/t	36.10 M t
Zinc	$9.79	368.22 K t	10,200.000 g/t	36.10 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources viewed July 2009. Underground cut-off: 65 g/t AgEq; Open Pit cut-off: 20 g/t AgEq

San Agustin - ^top^

(NI) 43-101 Report:

Title: SAN AGUSTIN RESOURCE ESTIMATE
Date: 2009-05 (70 pages)

Updates: See Silver Standard Mineral Reserves and Resources, January 14, 2010.

Project Location: Durango State, Mexico / Mining Region: Sierra Madre Occidental

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $21.10    1.59 M oz     0.410 g/t     121.00 M t
   Silver $9.80    47.85 M oz     12.300 g/t     121.00 M t
   Lead $1.95    72.60 K t       600.000 g/t     121.00 M t
   Zinc $15.76    592.90 K t       4,900.000 g/t     121.00 M t
Estimate notes: See Table 17.12 San Agustin Mineral Resources (Capped) on p. 65 of 70 of the (NI) 43-101 report dated May 2009.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$21.10	1.59 M oz	0.410 g/t	121.00 M t
Silver	$9.80	47.85 M oz	12.300 g/t	121.00 M t
Lead	$1.95	72.60 K t	600.000 g/t	121.00 M t
Zinc	$15.76	592.90 K t	4,900.000 g/t	121.00 M t
Estimate notes: See Table 17.12 San Agustin Mineral Resources (Capped) on p. 65 of 70 of the (NI) 43-101 report dated May 2009.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $13.97    1.06 M oz     0.360 g/t     91.20 M t
   Silver $7.57    36.95 M oz     12.600 g/t     91.20 M t
   Lead $1.71    63.84 K t       700.000 g/t     91.20 M t
   Zinc $11.64    437.76 K t       4,800.000 g/t     91.20 M t
Estimate notes: See notes for Indicated above.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$13.97	1.06 M oz	0.360 g/t	91.20 M t
Silver	$7.57	36.95 M oz	12.600 g/t	91.20 M t
Lead	$1.71	63.84 K t	700.000 g/t	91.20 M t
Zinc	$11.64	437.76 K t	4,800.000 g/t	91.20 M t
Estimate notes: See notes for Indicated above.

San Luis - ^top^

(NI) 43-101 Report:

Title: Updated Mineral Resource Estimate San Luis Project, Ancash Department, Perú
Date: 2009-01-09 (158 pages)

Updates: See Silver Standard Mineral Reserves and Resources, January 14, 2010.

Project Location: Yungay Province, Peru

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Measured

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $0.48 36.39 K oz 34.300 g/t 60.00 K t
Silver $0.16 803.79 K oz 757.600 g/t 60.00 K t
Estimate notes:
Resource quantities adjusted for ownership percentage of 55.0%.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.48	36.39 K oz	34.300 g/t	60.00 K t
Silver	$0.16	803.79 K oz	757.600 g/t	60.00 K t
Estimate notes: Resource quantities adjusted for ownership percentage of 55.0%.

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $2.09 158.16 K oz 20.800 g/t 430.00 K t
Silver $0.86 4.22 M oz 555.000 g/t 430.00 K t
Estimate notes:
Resource quantities adjusted for ownership percentage of 55.0%.
6 g/t gold equivalent cut-off.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$2.09	158.16 K oz	20.800 g/t	430.00 K t
Silver	$0.86	4.22 M oz	555.000 g/t	430.00 K t
Estimate notes: Resource quantities adjusted for ownership percentage of 55.0%. 6 g/t gold equivalent cut-off.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
Gold $0.03 1.98 K oz 5.600 g/t 20.00 K t
Silver $0.02 95.52 K oz 270.100 g/t 20.00 K t
Estimate notes: See Table 17-17: San Luis Mineral Resources on p. 85 of 158 in the (NI) 43-101 dated January 2009.
Resource quantities adjusted for ownership percentage of 55.0%.
6 g/t gold equivalent cut-off.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.03	1.98 K oz	5.600 g/t	20.00 K t
Silver	$0.02	95.52 K oz	270.100 g/t	20.00 K t
Estimate notes: See Table 17-17: San Luis Mineral Resources on p. 85 of 158 in the (NI) 43-101 dated January 2009. Resource quantities adjusted for ownership percentage of 55.0%. 6 g/t gold equivalent cut-off.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Silver	$2.92	14.24 M oz	191.800 g/t	2.31 M t
Lead	$0.20	7.39 K t	3,200.000 g/t	2.31 M t
Zinc	$0.41	15.25 K t	6,600.000 g/t	2.31 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources. 30 g/t silver cut-off.

Snowfield - ^top^

(NI) 43-101 Report:

Title: TECHNICAL REPORT AND UPDATED RESOURCE ESTIMATE ON THE SNOWFIELD PROPERTY SKEENA MINING DIVISION BRITISH COLUMBIA, CANADA LATITUDE 56° 31’ 5” N by LONGITUDE 130o 12’ 18” W
Date: 2010-01-14 (89 pages)

Updates: See Silver Standard Mineral Reserves and Resources, January 14, 2010.

Project Location: British Columbia, Canada

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Measured

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $54.75    4.14 M oz     0.940 g/t     136.90 M t
   Silver $1.53    7.48 M oz     1.700 g/t     136.90 M t
   Copper $13.40    150.59 K t       1,100.000 g/t     136.90 M t
   Molybdenum $6.06    13.55 K t       99.000 g/t     136.90 M t
Estimate notes:
Based on a cut-off grade of 0.35 grams of gold-equivalent/tonne

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$54.75	4.14 M oz	0.940 g/t	136.90 M t
Silver	$1.53	7.48 M oz	1.700 g/t	136.90 M t
Copper	$13.40	150.59 K t	1,100.000 g/t	136.90 M t
Molybdenum	$6.06	13.55 K t	99.000 g/t	136.90 M t
Estimate notes: Based on a cut-off grade of 0.35 grams of gold-equivalent/tonne

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $206.59    15.61 M oz     0.670 g/t     724.80 M t
   Silver $9.07    44.28 M oz     1.900 g/t     724.80 M t
   Copper $7.74    86.98 K t       120.000 g/t     724.80 M t
   Molybdenum $29.49    65.96 K t       91.000 g/t     724.80 M t
Estimate notes: See notes for Snowfield Measured category above.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$206.59	15.61 M oz	0.670 g/t	724.80 M t
Silver	$9.07	44.28 M oz	1.900 g/t	724.80 M t
Copper	$7.74	86.98 K t	120.000 g/t	724.80 M t
Molybdenum	$29.49	65.96 K t	91.000 g/t	724.80 M t
Estimate notes: See notes for Snowfield Measured category above.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $133.21    10.07 M oz     0.330 g/t     948.90 M t
   Silver $8.75    42.71 M oz     1.400 g/t     948.90 M t
   Copper $59.11    664.23 K t       700.000 g/t     948.90 M t
   Molybdenum $39.03    87.30 K t       92.000 g/t     948.90 M t
Estimate notes: See notes for Snowfield Measured category above.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$133.21	10.07 M oz	0.330 g/t	948.90 M t
Silver	$8.75	42.71 M oz	1.400 g/t	948.90 M t
Copper	$59.11	664.23 K t	700.000 g/t	948.90 M t
Molybdenum	$39.03	87.30 K t	92.000 g/t	948.90 M t
Estimate notes: See notes for Snowfield Measured category above.

Sunrise Lake - ^top^

(NI) 43-101 Report:

Title: REPORT ON THE SUNRISE PROPERTY, NWT
Date: 2003-09-03 (42 pages)

Updates: See Silver Standard Mineral Reserves and Resources, January 14, 2010.

Project Location: Northwest Territories, Canada

Map View: View project on a Google Map.

Most Optimistic Resource Estimates (MORE):

•Indicated

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $0.45    34.21 K oz     0.700 g/t     1.52 M t
   Silver $2.62    12.80 M oz     262.000 g/t     1.52 M t
   Lead $0.98    36.48 K t       24,000.000 g/t     1.52 M t
   Zinc $2.42    91.20 K t       60,000.000 g/t     1.52 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.45	34.21 K oz	0.700 g/t	1.52 M t
Silver	$2.62	12.80 M oz	262.000 g/t	1.52 M t
Lead	$0.98	36.48 K t	24,000.000 g/t	1.52 M t
Zinc	$2.42	91.20 K t	60,000.000 g/t	1.52 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources.

•Inferred

Metal MVpSh Contained Metal Quantity Ore Grade Ore Quantity
   Gold $0.54    41.15 K oz     0.500 g/t     2.56 M t
   Silver $2.85    13.91 M oz     169.000 g/t     2.56 M t
   Lead $1.31    48.64 K t       19,000.000 g/t     2.56 M t
   Zinc $2.99    112.64 K t       44,000.000 g/t     2.56 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources.

Metal	MVpSh	Contained Metal Quantity	Ore Grade	Ore Quantity
Gold	$0.54	41.15 K oz	0.500 g/t	2.56 M t
Silver	$2.85	13.91 M oz	169.000 g/t	2.56 M t
Lead	$1.31	48.64 K t	19,000.000 g/t	2.56 M t
Zinc	$2.99	112.64 K t	44,000.000 g/t	2.56 M t
Estimate notes: See Silver Standard Mineral Reserves and Resources.


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