Mr. Derek Iwanaka reports

PRINCE SILVER INCREASES PRIVATE PLACEMENT TO UP TO $4.75 MILLION

Prince Silver Corp., due to strong investor demand, has increased the size of its previously announced non-brokered private placement from $3-million to up to $4.75-million.

The upsizing reflects continued support from existing shareholders and interest from new investors as the company advances the Prince silver project, located in the Pioche mining district, Nevada.

The offering consists of units priced at 70 cents per unit. Each unit comprises one common share of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder to acquire one additional common share at a price of $1 for a period of two years from the date of issuance, provided that, if the closing price of the company's common shares for a period of 10 consecutive trading days is $1.40 or higher, the company will have the right to accelerate the expiry date of the warrants upon notice given by news release, and the warrants will thereafter expire on the 30th calendar day after the date of such news release or such later date as may be stated in the news release.

In connection with the upsizing, the company may issue up to 6,785,714 units for total gross proceeds of up to $4.75-million, subject to regulatory approval and customary closing conditions. All securities issued under the offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

Proceeds from the offering are expected to be used to advance the next phase of drilling at the Prince silver project, to complete a maiden mineral resource estimate, to conduct continuing metallurgical work and for general working capital purposes.

Finders' fees may be paid in accordance with applicable securities laws and exchange policies.

About Prince Silver Corp.

Prince Silver is a silver exploration company advancing its past-producing Prince silver-zinc-manganese-lead mine in Nevada. Featuring near-surface mineralization that was historically drill tested by over 129 holes and is open in all directions, the Prince project offers a clear path toward a maiden National Instrument 43-101-compliant resource estimate. The company also holds an interest in the Stampede Gap project, a district-scale copper-gold-molybdenum porphyry system located 15 kilometres north-northwest of the Prince silver project, highlighting Prince Silver's focus on high-potential, strategically located exploration assets.

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