July 04, 2012 at 12:42 PM EDT
Minco Silver and Sterling Settle Break Fee

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 07/04/12 -- Minco Silver Corporation (the "Company" or "Minco Silver") (TSX: MSV)(OTCQX: MISVF)(WKN: A0ESX5) announces it has reached a settlement agreement pertaining to the break fee with Sterling ("Sterling"). The settlement of USD$675,000 has been approved by the court and was received by the Company closing the matter.

About Minco Silver

Minco Silver Corporation is a TSX and OTCQX 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 in Guangdong China.

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

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