Communicators

Mexican Silver Mines Ltd. Extends Expiry Date of Outstanding Warrants

Mexican Silver Mines Ltd. (“Mexican Silver”) (TSXV: MSM, WKN: A0MSLE) is pleased to announce that it has extended the expiry date of certain of its outstanding common share purchase warrants. The term of the 420,000 warrants expiring on January 10, 2009 and the 4,380,000 warrants expiring on May 7, 2009, both having exercise prices of $0.50 per common share, and the 6,420,750 warrants expiring June 29, 2009, having an exercise price of $1.30 per common share, have been extended to May 30, 2010. The extension of the terms of these warrants have been approved by the TSX Venture Exchange. For further information on the original issuance of the warrants, please refer to the press releases of Mexican Silver dated January 10, 2007, May 8, 2007 and July 3, 2007 filed on SEDAR.

About Mexican Silver Mines
Mexican Silver Mines is a silver focused junior resource company developing three former silver producing properties in northeastern Mexico. To learn more about Mexican Silver Mines, please visit: www.mexicansilvermines.com.

ON BEHALF OF THE BOARD OF
MEXICAN SILVER MINES LTD.
__________________________________
Feisal Somji, B.Sc., MBA
President and Chief Executive Officer

FOR FURTHER INFORMATION, CONTACT:

Mexican Silver Mines Ltd.
Feisal Somji, President & CEO
Phone: 403.236.5089
Fax: 403.398.0693
Email: fsomji@mexicansilvermines.com
Web: www.mexicansilvermines.com

Investor Relations
Jamie Mathers, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 236
Phone: 866.684.4209
Email: jamie@ascentacapital.com


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.



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