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Silver Standard Receives Extension ON the Chinchillas Project Option Agreement

Mergers & Acquisitions Property Options & Staking

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March 30, 2017 News Release 17–07

SILVER STANDARD RECEIVES EXTENSION ON THE CHINCHILLAS PROJECT

OPTION AGREEMENT

VANCOUVER, B.C. -- Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) (“Silver

Standard”) announces that Golden Arrow Reso urces Corporation (TSX-V: GRG) (“Golden

Arrow”) and Silver Standard have agreed to extend the period in which we have the right to

exercise our option to form a joint venture with Golden Arrow for the development of the

Chinchillas project (the “Business Combination Agr eement”). This period has been extended to

March 31, 2017. The Business Combination Agr eement was previously announced in our news

release dated October 1, 2015.

About Silver Standard

Silver Standard is a Canadian-based precious me tals producer with three wholly-owned and

operated mines, including the Marigold gold mi ne in Nevada, U.S., the Seabee Gold Operation

in Saskatchewan, Canada and the Pirquitas silver mine in Jujuy Province, Argentina. We also

have two feasibility stage projects and a portfolio of exploration properties in North and South

America. We are committed to delivering safe production through relentless emphasis on

Operational Excellence. We are also focused on growing production and Mineral Reserves

through the exploration and acquisition of a ssets for accretive growth, while maintaining

financial strength.

SOURCE: Silver Standard Resources Inc.

For further information contact:

W. John DeCooman, Jr.

Vice President, Business Development and Strategy

Silver Standard Resources Inc.

Vancouver, BC

N.A. toll-free: +1 (888) 338-0046

All others: +1 (604) 689-3846

E-Mail: [email protected]

To receive Silver Standard’s news releases by e-mail, please register using the Silver Standard website at

www.silverstandard.com.

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Cautionary Note Regarding Forward-Looking Statements:

This news release contains forward-looking information within the meaning of Canadian securities laws and forward-

looking statements within the meaning of the U.S. Private Securities Litigati on Reform Act of 1995 (collectively,

"forward-looking statements") concerning the anticipated developments in our operations in future periods, and other

events or conditions that may occur or exist in the future. All statements, other than statements of historical fact, are

forward-looking statements. Generally, forward-looking st atements can be identified by the use of words or phrases

such as "expects," "anticipates," "plans," "projects," "estimates," "assumes," "intends," "strategy," "goals,"

"objectives," "potential," or variations thereof, or statin g that certain actions, events or results "may," "could,"

"would," "might" or "will" be taken, occur or be achieved, or the negative of any of these terms or similar expressions.

These forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors

that could cause actual events or results to differ from th ose expressed or implied, including those various risks and

uncertainties identified under the heading "Risk Factors" in our most recent Annual Information Form filed with the

Canadian securities regulatory authorities and included in our most recent Annual Report on Form 40-F filed with

the U.S. Securities an d Exchange Commission. Our fo rward-looking statements re flect current expectations

regarding future events and operating performance and speak only as of the date hereof and we do not assume any

obligation to update forward-looking statements if circumstan ces or management's beliefs, expectations or opinions

should change other than as required by applicable law. For the reasons set forth above, you should not place undue

reliance on forward-looking statements.