Southern Silver Announces Private PlacementSouthern Silver Announces Private Placement VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2013) - Not for Distribution to United States Wire Services or for Dissemination in the United States Southern Silver Exploration Corp. (the "Company" or "Southern Silver") (TSX VENTURE:SSV)(FRANKFURT:SEG) plans to issue up to 16,666,666 units in a non-brokered private placement at a price of $0.03 per unit to raise $500,000. 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 $0.05 per share. Net proceeds from the private placement will be utilized for county and claim fees to maintain the status of the Company's properties, and for general working capital. The private placement is being conducted pursuant to the TSX Venture Exchange ("TSXV") bulletin of April 12, 2013 - Private Placements - Extension and Modification of Temporary Relief from Certain Pricing Requirements. The private placement and any finders' fees which may be payable are subject to acceptance for filing by the TSXV.