Mr. John DeCooman of Silver Standard reports

SILVER STANDARD COMPLETES MARIGOLD MINE ACQUISITION

Silver Standard Resources Inc. has closed the purchase of the Marigold mine from subsidiaries of Goldcorp Inc. and Barrick Gold Corp. previously announced on Feb. 3, 2014. Marigold is a large-scale, producing open-pit gold mine in Nevada, United States. Total cash consideration paid at closing was $275-million. The purchase agreement includes adjustments for working capital and capital expenditures that will be received or paid within 60 days of closing. Total cash consideration paid for the acquisition was financed from Silver Standard's cash balance.

"Firstly, we welcome the experienced team at Marigold into Silver Standard," said John Smith, president and chief executive officer of Silver Standard. "This acquisition expands both our capacity and capability, positioning Silver Standard as a multimine producer with the ability to fund continued growth.

"Our thanks to Goldcorp and Barrick for enabling our integration team to be on the ground working with the Marigold team since the acquisition was announced in February. This co-operation has allowed for a smooth transition of people and the business. Postclosing, our focus is on fully integrating Marigold and implementing a new mine plan to deliver safe production at a lower cost structure."

Silver Standard will disclose 2014 production and cost guidance for Marigold with its 2014 first quarter report, and will commence reporting Marigold operating and production information with its 2014 second quarter report.

We seek Safe Harbor.