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Silver Standard Drilling in Australia Continues to Identify Thick Sequences of High-Grade Silver Mineralization
Silver Standard Drilling in Australia Continues to Identify Thick Sequences of High-Grade Silver Mineralization


BW6021 APR 24,2003 16:55 PACIFIC 19:55 EASTERN



( BW)(SILVER-STANDARD)(SSRI)(SSO.CX) Silver Standard Drilling inAustralia Continues to Identify Thick Sequences of High-Grade SilverMineralization

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--April 24,2003--Silver Standard Resources Inc. (NASDAQ:SSRI) (TSXVENTURE:SSO)(BERLIN SYMBOL:858840) is pleased to report furtherexceptional results from infill drilling at its wholly-owned Bowdenssilver project located in New South Wales, Australia. The results from32 reverse circulation drill holes reported here are part of a19,000-meter program that commenced in October 2002 and has just beencompleted.
All of the holes were located in the Main Zone North and BundarraNorth areas of the flat-lying deposit where earlier, wider-spaceddrilling had identified thick sequences of silver mineralization. Theresults of the 32 drill holes confirm continuity of mineralizationbetween earlier holes, with 16 holes intersecting greater than 230feet (over 70 meters) of mineralization.
The best results in the Main Zone North are in holes BGR-271, 270and 269, all of which are located within 100 meters of each other.BGR-271 intersected 6.3 ounces of silver per ton over 173.9 feet (217grams of silver per tonne over 53 meters) plus base metal credits.BGR-270 intersected 3.3 ounces of silver per ton over 249.3 feet (113grams of silver per tonne over 76 meters) plus base metal credits andBGR-269 intersected 5.0 ounces of silver per ton over 147.6 feet (173grams of silver per tonne over 45 meters) plus base metal credits.This section of Main Zone North hosts higher grade mineralization oversignificant dimensions that, subject to completion of the feasibilitystudy, should benefit the economics of the Bowdens deposit.
The best result from Bundarra North is in BGR-260 which is locatednear the edge of the northern limits of drilling. BGR-260 intersected2.7 ounces of silver per ton over 308.4 feet (92 grams of silver pertonne over 94 meters) plus base metal credits, and included 4.1 ouncesof silver per ton over 98.4 feet (139 grams of silver per tonne over30 meters) plus base metal credits. See the accompanying table forfurther results and visithttp://www.silver-standard.com/s/News-2002.asp to see the drill holeplan.
The deposit is open to the north and northwest wheremineralization appears to extend under a hill that currently inhibitsreverse circulation drilling with available equipment.
Although drilling is now complete, results from a further 42 holesare pending and will be reported as assaying is finalized. Uponreceipt of all assay data, the company plans to complete a new blockmodel resource calculation.
In addition to the program at Bowdens, Silver Standard ispresently drilling at its Challacollo property in Chile and isplanning a drill program to commence in early May at its La Valencianaproperty in the State of Durango, Mexico.
Silver Standard is a significant silver resource company withprojects in Australia, Argentina, Chile, Mexico, the United States andCanada. The company´s assets include measured and indicated resourcesof 288.8 million ounces of silver and 1.1 million ounces of gold, plusinferred resources of 356.2 million ounces of silver and 1.1 millionounces of gold. Silver Standard is well financed and activelyadvancing its portfolio with drill programs now under way and newacquisitions under investigation.
To receive Silver Standard´s news releases by e-mail, contact PaulLaFontaine, director, investor relations at [e-mail] call [phone]. The statements that are not historical factsare forward-looking statements involving known and unknown risks anduncertainties which could cause actual results to vary considerablyfrom these statements. The risks and uncertainties include thosedescribed in Silver Standard´s SEC Form 20F as amended.

--------------------------------------------------------------------- Selected Bowdens Drill Results - April 2003(1)--------------------------------------------------------------------- Inter- Sil- Inter- Sil-Hole North- East- From To val ver val ver Lead ZincNo. ing ing (met- (met- (met- (in (feet) (in (in (in res) res) res) g/t) oz/ %) %) ton)--------------------------------------------------------------------- Main Zone North---------------------------------------------------------------------BGR -253 10375 15500 31 42 11 70 36.1 2.0 0.08 0.03BGR -255 10425 15450 11 22 11 91 36.1 2.7 0.08 0.08BGR -256 (1) 10375 15450 18 72 54 88 177.1 2.6 0.17 0.12 incl. 34 37 3 388 9.8 11.3 0.49 0.82BGR -257 10350 15475 24 42 18 101 59.1 2.9 0.10 0.20 54 61 7 148 23.0 4.3 0.38 0.11BGR -258 10450 15525 20 35 15 70 49.2 2.0 0.06 0.03BGR -269 (1) 10575 15275 85 130 45 173 147.6 5.0 0.39 0.19 incl. 85 91 6 222 19.7 6.5 0.47 0.22 and 96 97 1 1,170 3.3 34.1 1.71 0.90 and 119 126 7 458 23.0 13.4 0.93 0.29BGR -270 10525 15300 66 142 76 113 249.3 3.3 0.61 0.41 incl. 77 78 1 2,090 3.3 61.0 3.53 8.41 and 89 93 4 277 13.1 8.1 0.74 0.40 and 101 108 7 285 23.0 8.3 1.60 0.51 and 140 141 1 551 3.3 16.1 1.31 0.31BGR -271 10600 15250 50 70 20 103 65.6 3.0 0.38 0.57 84 137 53 217 173.9 6.3 0.44 0.30 incl. 114 121 7 968 23.0 28.2 1.76 0.82 incl. 119 120 1 3,710 3.3 108.2 0.57 2.36BGR -272 (1) 10350 15275 70 82 12 47 39.4 1.4 0.06 0.13 87 160 73 82 239.5 2.4 0.18 0.15 incl. 118 138 20 129 65.6 3.8 0.32 0.21 and 157 160 3 305 9.8 8.9 0.34 0.11BGR -273 (1) 10575 15250 50 84 34 53 111.5 1.5 0.18 0.34 95 150 55 116 180.4 3.4 0.26 0.19 incl. 111 118 7 221 23.0 6.4 0.71 0.65 and 131 135 4 356 13.1 10.4 0.77 0.25 and 144 149 5 241 16.4 7.0 0.29 0.10--------------------------------------------------------------------- Bundarra North---------------------------------------------------------------------BGR -241 (1) 10575 15025 60 88 28 35 91.9 1.0 0.51 1.01BGR -242 10525 15000 14 100 86 41 282.2 1.2 0.57 0.55 incl. 85 96 11 196 36.1 5.7 0.69 1.43BGR -243 10450 15025 0 100 100 20 328.1 0.6 0.18 0.37 incl. 10 17 7 72 23.0 2.1 0.56 1.26BGR -244 10475 15025 15 36 21 68 68.9 2.0 0.80 0.50BGR -245 10500 15025 25 32 7 42 23.0 1.2 1.13 0.31BGR-246 (1) 10375 15000 19 100 81 49 265.7 1.4 0.22 0.53 incl. 73 100 27 105 88.6 3.1 0.35 0.72 incl. 87 90 3 555 9.8 16.2 0.90 1.62BGR -247 10350 14975 7 120 113 41 370.7 1.2 0.17 0.39 incl. 62 113 51 77 167.3 2.2 0.17 0.43 incl. 105 108 3 272 9.8 7.9 0.97 2.63BGR -248 10300 15025 9 100 91 40 298.6 1.2 0.10 0.27 incl. 43 54 9 95 29.5 2.8 0.19 0.51BGR -249 10525 15025 24 100 76 76 249.3 2.2 0.25 0.56 incl. 24 29 5 437 16.4 12.7 1.00 2.15BGR -250 10325 15050 18 120 102 49 334.6 1.4 0.26 0.51 incl. 27 74 47 83 170.6 2.4 0.30 0.59 incl. 40 43 3 392 9.8 11.4 1.20 1.80BGR -251 (1) 10350 15030 27 100 73 33 239.5 1.0 0.20 0.42 incl. 27 34 7 93 39.4 2.7 0.33 0.68BGR -252 10375 15050 63 90 27 37 88.6 1.1 0.28 0.43BGR -259 10650 15150 12 35 23 44 75.5 1.3 0.16 0.49BGR -260 (1) 10625 15150 6 100 94 92 308.4 2.7 0.21 0.26 incl. 32 45 13 216 42.7 6.3 0.37 0.54 incl. 54 84 30 139 98.4 4.1 0.32 0.19BGR -261 10600 15150 6 100 94 61 308.4 1.8 0.16 0.20 incl. 58 61 3 447 9.8 13.0 1.23 0.74 and 70 91 21 93 68.9 2.7 0.21 0.16 incl. 81 84 3 368 9.8 10.7 0.64 0.22BGR -262 (1) 10575 15150 0 100 100 57 328.1 1.7 0.26 0.33 incl. 66 100 34 107 111.5 3.1 0.43 0.33 incl. 94 100 6 211 19.7 6.2 1.14 0.61BGR -263 10550 15150 58 70 12 52 39.4 1.5 0.20 0.29BGR -264 10525 15150 14 22 8 86 26.2 2.5 0.29 0.34BGR -265 10500 15150 1 29 28 24 91.9 0.7 0.26 0.32BGR -266 10475 15150 11 18 7 211 23.0 6.2 0.47 1.06 45 70 25 28 82.0 0.8 0.21 0.44BGR -267 (1) 10450 15160 45 80 35 25 114.8 0.7 0.13 0.31 incl. 45 48 3 89 9.8 2.6 0.32 0.87 and 74 80 6 44 19.7 1.3 0.22 0.46BGR -268 10400 15170 6 59 53 26 173.9 0.8 0.20 0.37 67 76 9 28 29.5 0.8 0.36 0.85---------------------------------------------------------------------(1) Holes ending in mineralization. Ian J. Pringle, PhD, Geology, and manager, Silver Standard Australia Pty Limited, is the Qualified Person (QP) responsible for the Bowdens exploration program and has verified the data in the table above. Sample preparation of the reverse circulation percussion (BGR holes) drill chips (sampled at one-meter intervals) was done at ALS Chemex´s Orange facility. Assays were undertaken at ALS Chemex´s Brisbane laboratory by ore grade digestion method OG-46 (predigestion in nitric acid, evaporated residue leached in strong hydrochloric acid and ammonium acetate with addition of a complexing agent, sodium thiosulphate). Elemental concentrations were measured by AAS with a gravimetric finish.

The ALS Chemex QC protocol requires that each batch of 50 samplesanalysed include a reagent blank, three replicate determinations andtwo standard materials. Samples exhibiting anomalous values (high orlow) are routinely reanalysed using either the original pulp or asecond split.
The TSX Venture Exchange has neither approved nor disapproved ofthe information contained herein.

--30--LC/na* CONTACT: Silver Standard Resources Inc. Robert A. Quartermain, 604/689-3846 or Paul LaFontaine, 604/484-8212 or Toll Free 1-888-338-0046 [e-mail] www.silver-standard.com KEYWORD: MEXICO AUSTRALIA INTERNATIONAL CANADA ASIA PACIFIC LATINAMERICA INDUSTRY KEYWORD: MINING/METALS SOURCE: Silver Standard Resources Inc.

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