another new discovery at snowfield, and more visible gold at the galena hill zone:

Silver Standard Resources Inc. (TSX:SSO - News)(NASDAQ:SSRI - News) is pleased to report that diamond drilling in the Brucejack Area of its wholly-owned Snowfield Project continues to intersect significant values of gold-silver mineralization. This area of the property, which measures approximately 300 meters by 620 meters, is located 62 kilometers north of the town of Stewart and 25 kilometers southeast of Barrick's high-grade gold-silver mine at Eskay Creek.

Galena Hill Zone

Drilling at the Galena Hill Zone, located five kilometers south of the Snowfield Zone continues to intersect gold mineralization over significant intervals, including quartz veins with visible gold.

A new highlight from the Galena Hill Zone is hole SU-29 which intersected four bands of mineralization. The best intersection included:

- 0.5 meters with uncut grades of 5.34 kilograms of gold and 3.7 kilograms of silver per tonne (1.6 feet averaging 155.9 ounces of gold and 109 ounces of silver per ton).

- This intersection occurred within a wider interval of 41.5 meters with cut grades of 1.72 grams of gold and 56.5 grams of silver per tonne (136 feet averaging 0.05 ounces of gold and 1.6 ounces of silver per ton).

SU-29 is a scissor hole collared approximately 100 meters east of SU-12 (previously disclosed in the news release dated September 15, 2009). SU-12 intersected 20.6 meters averaging 5.33 grams of gold and 159 grams of silver per tonne (68 feet averaging 0.16 ounces of gold and 4.6 ounces of silver per ton), including 1.5 meters averaging 16.95 kilograms of gold and 8.7 kilograms of silver per tonne (4.9 feet averaging 494 ounces of gold and 254 ounces of silver per ton). Geologic analysis is underway to determine if the intersections in SU-12 and SU-29 are related.

Bridge Zone

The Bridge Zone, located 1,200 meters south of the Galena Hill Zone, is a new discovery made by Silver Standard. Of the nine holes being released, the longest intervals were seen in SU-21:

- 589 meters of 0.99 grams of gold per tonne (1,932 feet averaging 0.029 ounces of gold per ton), including 235 meters of 1.43 grams of gold per tonne (771 feet averaging 0.041 ounces of gold per ton).

SU-21 compares favorably with previously reported hole SU-19 (see news release dated September 15, 2009), collared approximately 100 meters to the west:

- 552 meters of 0.87 grams of gold per tonne (1,811 feet averaging 0.025 ounces of gold per ton), including 260 meters of 1.19 grams of gold per tonne (852 feet averaging 0.034 ounces of gold per ton).

SU-21 and SU-19 both ended in mineralization.

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