SNS Silver Corporation: Drilling Commences at the Crescent Mine

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Nov. 7, 2008) - SNS Silver Corporation ("SNS" or the "Company") (TSX VENTURE:SNS - News) is pleased to announce the commencement of the diamond drilling program at the Crescent Property to explore the lower strata beneath the Hooper Tunnel.

The budget for this phase of the program is $350,000.

Brian White, SNS Senior Geologist, stated, "In our view, results from the recent drilling at the Crescent Mine enable significant revision of the historic interpretation of the distribution of strata favourable for localization of ore along the Alhambra Fault. Instead of a "fault gap" in ore potential once thought to exist along the Alhambra structure, strata favourable for localization of wide ore bodies are probably continuous on the footwall side of the fault from within a few hundred feet of the Hooper Tunnel level to the 2,500 level, the highest level to which ore was once mined upward at depth. Occasional, encouraging 'sniffs' at recently drilled elevations in the higher, unfavourable strata suggest that significant potential for discovery of new, high grade ore within the intervening 2,000+ feet."

Mr. White added, "The initial drilling of the footwall of the Alhambra structure will explore the up-rake projections of the largest, highest grade ore bodies mined at depth. Any potential ore identified along the up-rake projections would have a significant practical advantage in that it could be mined independently from the historic shaft and associated mine workings, without the necessity of dewatering the old workings."

Silver Wheaton is our largest shareholder with 12%. SNS currently has approximately $4.0 million in cash.

SNS Silver Corporation (TSX VENTURE:SNS - News) is an exploration company, whose primary asset is the 100% owned Crescent Property, which hosts the historic Crescent Mine, located near Kellogg, Idaho. The Property is located in one of the largest silver districts in North America with over one billion ounces of silver produced. The property consists of 24 patented mining claims over approximately 350 acres, alongside 40 acres of surface rights.

The Crescent Mine will require considerable further evaluation, which the Company's management and consultants are in the process of completing.

The TSX Venture Exchange has not reviewed and does not accept the responsibility for the adequacy or accuracy of this news release.