Southern Silver Closes Non-Brokered Financing; Prepares for Commencement of Drilling

VANCOUVER, BRITISH COLUMBIA–(Marketwired – April 8, 2016) – Southern Silver Exploration Corp. (“Southern Silver”) (TSX VENTURE:SSV)(FRANKFURT:SEG1)(SSE:SSVCL) announces that it has closed its previously reported non-brokered private placement by issuing 12,000,000 Units at a price of $0.05 per unit for gross proceeds of $600,000. Each unit consisted of one common share and one share purchase warrant exercisable to purchase one additional common share for a period of five years at an exercise price of $0.08 per share.

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