Southern Silver Exploration Corp. (“Southern Silver”) plans to issue up to 1,200,000 units (“Units” or “Offering”) in a non- brokered private placement at a price of $0.38 per Unit to raise $456,000. Each Unit will consist of one common share and one share purchase warrant, with each warrant exercisable to purchase one additional common share for a period of three years at an exercise price of $0.50 per share. Net proceeds from the private placement will be used for working capital