Mr. W. John DeCooman Jr. reports

SILVER STANDARD PROVIDES Q2 2014 PRODUCTION RESULTS

Silver Standard Resources Inc. has provided its second quarter 2014 operational update for the Pirquitas mine in Jujuy, Argentina, and the Marigold mine in Nevada, the United States.

Second quarter 2014 operating highlights:

• Completed Marigold mine acquisition:
• • Purchase of the Marigold mine completed on April 4, 2014;
  • Mine operations now fully integrated into Silver Standard;
• Delivered strong silver and zinc production at Pirquitas:
• • Produced 2.0 million ounces of silver and 9.3 million pounds of zinc, on track to deliver full-year guidance;
• Exceeded gold production schedule at Marigold:
• • Produced 22,060 ounces of gold, 10 per cent higher than the second quarter guidance of 20,000 ounces.

"The second quarter of 2014 marks a new era for Silver Standard as a multimine producer, with the integration of our Marigold mine in Nevada complete," said John Smith, president and chief executive officer. "Our focus at Marigold is on developing our life-of-mine plan and implementing operational changes to move material at the lowest cost. At Pirquitas, silver and zinc production was delivered to schedule, and we continue to focus on cost management activities. Looking ahead, we are well positioned for another strong year with both Pirquitas and Marigold delivering to plan as we come into the second half of 2014."

                  PIRQUITAS MINE, ARGENTINA

                                          Q2 2014  Q1 2014

Total material mined                   kt   4,052    4,208
Waste removed                          kt   3,550    3,840
Strip ratio                           w/o     7.1     10.4
Silver mined grade                    g/t     167      163
Zinc mined grade                        %    2.07     1.94
Ore milled                             kt     402      406
Silver mill feed grade                g/t     213      204
Zinc mill feed grade                    %    2.19     2.02
Silver recovery                         %    74.3     72.1
Zinc recovery (zinc concentrate)        %      48       49
Silver produced                    000 oz   2,042    1,918
Zinc produced (zinc concentrate)   000 lb   9,319    8,844
Silver sold                        000 oz   1,926    1,596
Zinc sold (zinc concentrate)       000 lb   5,307   10,227

The Pirquitas mine produced 2.0 million ounces of silver during the second quarter of 2014, higher than the 1.9 million ounces produced in the first quarter of 2014. The mine also produced 9.3 million pounds of zinc in zinc concentrate in the second quarter. The quarter-on-quarter increase in metal production is due to an increase in head grade as a result of specific locations mined in accordance with the mine plan. During the second quarter, the company recognized sales of 1.9 million ounces of silver and 5.3 million pounds of zinc. The decrease in zinc sales reflects unusually high first quarter sales and timing of deliveries.

Approximately 402,000 tonnes of ore were milled during the second quarter of 2014, compared with 406,000 tonnes in the first quarter. Ore was milled at an average rate of 4,423 tonnes per day, 11 per cent above the mill's nominal design. This compares with an average milling rate of 4,514 tonnes per day in the first quarter.

Ore milled during the second quarter contained an average silver grade of 213 grams per tonne, higher than the 204 g/t reported in the first quarter. The average recovery rate for silver increased to 74.3 per cent from 72.1 per cent in the previous quarter, due to accessing a greater proportion of fresh sulphide ore in the pit.

        MARIGOLD MINE, U.S.
                             Q2 2014 

Total material mined     kt   18,338 
Waste removed            kt   15,986 
Strip ratio             w/o      6.8 
Ore to leach pad         kt    2,352 
Gold grade to leach pad g/t     0.34 
Gold recovery             %       73% 
Gold produced            oz   22,060 
Gold sold                oz   21,990 

Data presented in this table are
for the period from April 1 to 
June 30, 2014, the period for 
which Silver Standard was entitled 
to all economic benefits of the 
Marigold mine per the purchase 
and sale agreement dated April 
4, 2014.

On April 4, 2014, the company completed the purchase of the Marigold mine in Nevada, the United States. The integration of mine operations is complete, and the company has concluded the transfer of all operating and administrative systems to Silver Standard. The company has begun the optimization process at Marigold and has engaged USC Consulting Group LP, the same adviser which assisted with its restructuring program at the Pirquitas mine. The company has commenced the compliance requirements under National Instrument 43-101 (standards of disclosure for mineral projects) for mineral resources and mineral reserves, retaining, respectively, Amec and Independent Mining Consultants Inc. to provide technical oversight. Detailed work has commenced to define the most suitable development plan for Marigold within the prevailing market conditions.

During the second quarter of 2014, the Marigold mine produced 22,060 ounces of gold, exceeding quarterly guidance by 10 per cent. Gold sales totalled 21,990 ounces for the quarter.

The majority of ore mined in the second quarter was from the lower-grade upper portions of the Mackay phase 1 pit while less material was sourced from the target pit as the company completed phase 1. The mine moved a total of 18.3 million tonnes of material, of which 2.4 million tonnes of ore were delivered to the heap leach pads at a grade of 0.34 gram per tonne gold.

Second quarter earnings release

Silver Standard plans to issue its second quarter earnings release on Aug. 6, 2014, after markets close.

Qualified persons

The scientific and technical data contained in this news release relating to the Pirquitas mine have been reviewed and approved by Trevor J. Yeomans, BSc (honours), a qualified person under NI 43-101, the company's director, metallurgy. The scientific and technical data contained in this news release relating to the Marigold mine have been reviewed and approved by Thomas Rice, SME registered member, a qualified person under NI 43-101, the company's technical services manager at the Marigold mine.

We seek Safe Harbor.