VANCOUVER, Feb. 7, 2014 /PRNewswire/ – Silver Standard Resources Inc. (NASDAQ:
SSRI) (TSX: SSO) (“Silver Standard”) announces today that it has
completed the sale of its Challacollo project in Region I, Chile to
Mandalay Resources Corporation (TSX: MND) (“Mandalay”) for aggregate
consideration at closing of $7.5 million in cash and 12 million common
shares of Mandalay. This transaction was previously announced in Silver
Standard’s press release dated December 20, 2013.

W. John DeCooman, Jr.
Vice President, Business Development and Strategy
Silver Standard Resources Inc.
Vancouver, B.C.
N.A. toll-free: +1 (888) 338-0046
All others: +1 (604) 689-3846
E-Mail: invest@silverstandard.com

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SOURCE Silver Standard Resources Inc.