Silver Standard Provides Option Purchase Notice and Notice of Convertibility of Its 4.5% Convertible Senior Notes Due 2028

 Silver Standard Provides Option Purchase Notice and Notice of Convertibility
                of Its 4.5% Convertible Senior Notes Due 2028

PR Newswire

VANCOUVER, Feb. 4, 2013

VANCOUVER, Feb. 4, 2013 /PRNewswire/ - Silver Standard Resources Inc. ("Silver
Standard" or  the  "Company")  (NASDAQ:  SSRI, TSX:  SSO)  announces  that  in 
accordance with  the  terms of  the  indenture governing  the  Company's  4.5% 
Convertible Senior Notes due 2028 ("Notes"), the Company has issued an  option 
purchase notice  to the  holders of  the  Notes advising  of their  rights  to 
require the Company to purchase the Notes  at 100% of the principal amount  on 
March 1, 2013.  The Company has  also notified  the holders of  the Notes  of 
their rights to  alternatively surrender  the Notes for  conversion until  the 
close of business on February 28, 2013. The Notes may be converted under  the 
provisions of the indenture regarding  conversion during specified periods  at 
the applicable conversion price, which is currently $43.33 per share.

To convert a Note, a  holder must (1) complete  and sign a conversion  notice, 
with appropriate signature guarantee, on the  back of the Note, (2)  surrender 
the Note to  The Bank of  New York  Mellon, as conversion  agent, (3)  furnish 
appropriate endorsements and transfer documents if required by The Bank of New
York Mellon, (4) pay the  amount of interest, if any,  the Holder must pay  in 
accordance with the indenture governing the Notes, and (5) pay any tax or duty
if required pursuant to the indenture governing the Notes. A holder of  Notes 
may convert a portion of a Note  if the portion is $1,000 principal amount  or 
an integral multiple of $1,000 principal amount.

The address of The Bank of New York Mellon is:

Corporate Trust Department
Reorganization Unit
111 Sanders Creek Parkway
East Syracuse, NY 13057
Attn: Adam DeCapio

To receive Silver Standard's  news releases by  e-mail, please register  using 
the Silver Standard website at www.silverstandard.com.

SOURCE Silver Standard Resources Inc.

Contact:

Contact:

Silver Standard Resources Inc.
Vancouver, B.C.
N.A. Toll Free: (888) 338-0046
All others: (604) 484-8216
E-mail:invest@silverstandard.com