Minco Silver Announces Change of Auditor

• Press Release
• Source: Minco Silver Corporation
• On 1:45 pm EDT, Wednesday October 28, 2009

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 28, 2009) - Minco Silver Corporation (the "Company" or "Minco Silver") (TSX:MSV - News) hereby announces that Ernst & Young LLP, Chartered Accountants (the "Former Auditors") have resigned as auditors of the Company effective October 19, 2009. Accordingly, the Board of Directors has appointed PricewaterhouseCoopers LLP, Chartered Accountants, (the "Successor Auditors") as auditors for the Company.

There were no reservations in the Former Auditors' report for the two most recently completed fiscal years or for any period subsequent to the most recently-completed period for which an audit report was issued and preceding the date of the Former Auditors' resignation. There are no reportable events between the Company and the Former Auditors. The resignation of the Former Auditors as auditors of the Company has been approved by the Company's Audit Committee and its Board of Directors. The Notice of Change of Auditor, together with the letter from the Former Auditor's and the letter from the Successor Auditors, has been reviewed by the Company's Audit Committee and its Board of Directors.

About Minco Silver

Minco Silver Corporation (TSX:MSV - News) is a TSX listed company focusing on the acquisition and development of silver dominant projects. The Company owns 90% interest in the world class Fuwan Silver Deposit, situated along the northeast margin of the highly prospective Fuwan Silver Belt.

ON BEHALF OF THE BOARD

Dr. Ken Z. Cai, Chairman & CEO

Certain terms or statements made that are not historical facts, such as anticipated advancement of mineral properties or programs, productions, sales of assets, exploration plans or results, costs, prices, performance are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and involve a number of risks and uncertainties that could cause actual results to differ materially from those projected, anticipated, expected or implied. These risks and uncertainties include, but are not limited to; metals price volatility, volatility of metals production, project development risks and ability to raise financing. The Company undertakes no obligation and has no intention of updating forward-looking statements.

The Toronto Stock Exchange does not accept responsibility for the accuracy of this news release.

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