Silver Standard to Sell Berenguela Project

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February 13, 2017 News Release 17–03

SILVER STANDARD TO SELL BERENGUELA PROJECT

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

Standard”) announces that it has entered into a definitive agreement (the “Agreement”) with

Valor Resources Limited (ASX: VAL) (“Valor”) to sell 100% of its Berenguela project in the Lampa

Province of Puno, Peru (“Berenguela”) for aggregate consideration of $12 million in deferred cash

and a 9.9% equity interest in Valor. Valor is an Australian-based company, focused on mineral

project exploration and development, listed on the ASX Limited (the “ASX”).

Paul Benson, President and CEO of Silver Standa rd said, “The sale of the Berenguela project

demonstrates our continued focus on maximizing the value of our projec ts and optimizing our

portfolio. We retain exposure to the success of Berenguela, while we further strengthen our

balance sheet for continued generation of shareholder value.”

Under the terms of the Agreement, Silver Stan dard will sell its intere st in Berenguela for

aggregate consideration of:

 $50,000 non-refundable deposit paid on December 2, 2016;

 $100,000 deposit paid at signing of the Agreement;

 Escalating cash payments totalin g $11.85 million to Silver Stand ard over five years, payable

on each anniversary of the Agreement;

 A 9.9% equity stake, on a fully diluted basis, in Valor at closing, with a free-carry interest until

Valor raises a minimum of $8.0 million in one or more financings; and

 1.0% net smelter returns royalty on all mineral production from Berenguela.

Silver Standard also has an anti-di lution right in respect of su bsequent financings by Valor,

provided it holds at least five percent ownership, on a non-diluted basis, in Valor. Completion of

the transaction is subject to customary closing conditions, including approval of Valor’s

shareholders and waivers from th e ASX. Silver Standard expects the transaction to close at the

end of the first quarter of 2017.

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

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have two feasibility stage projects and an extensive portfolio of exploration properties throughout

North and South America. We are committed to delivering safe production through relentless

emphasis on Operational Excellence. We are al so focused on growing production and Mineral

Reserves through the exploration and acquisit ion of assets 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.

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”). All stat ements, other than statements of hi storical fact, are forward-looking

statements. Generally, forward-looking statements 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 stating that certain actions, events or results “may,” “could,” “w ould,” “might” or “will”

be taken, occur or be achieved, or th e negative of any of these terms or si milar expressions. The forward-looking

statements in this news release relate to, among other things: the anticipated closing date of the transaction; the value

of the deferred consideration under the transaction; the benefits of the transaction; and the ability of Valor to accelerate

exploration and development of Berenguela.

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, without limitation, the

following: the closing of the proposed transaction; fully realizing the value of the Valor shares due to changes in price,

liquidity or disposal cost; the recoverab ility of the deferred consideration to be received; and 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.