CORRECTING and REPLACING Silver Standard Continues Expanding the South Ridge Zone at Pitarrilla Silver Project in Mexico

The corrected release reads:

SILVER STANDARD CONTINUES EXPANDING THE SOUTH RIDGE ZONE ATPITARRILLA SILVER PROJECT IN MEXICO

Silver Standard Resources Inc. (TSX:SSO)(NASDAQ:SSRI) is pleasedto report that diamond drilling at the South Ridge of the Pitarrillasilver project in Mexico has again expanded the zone along itssouthern and eastern flanks with silver values over thick intervals.The wholly-owned project is located approximately 150 kilometers (90miles) north of Durango City in the state of Durango.

Highlights of ongoing diamond drilling include:

- PD-79, a step-out hole on the south end of the South Ridge Zone,which intersected 3.8 ounces of silver per ton over 455.0 feet (130.9grams of silver per tonne over 138.7 meters) including 5.9 ounces ofsilver per ton over 65.0 feet (201.4 grams of silver per ton over 19.8meters).

- PD-90, a vertical hole collared on the northeasterndrill-defined margin of the South Ridge Zone, which intersected twomineralized intervals, the first with 165.0 feet averaging 10.4 ouncesof silver per ton (50.3 meters averaging 356.0 grams of silver pertonne), and the second with 78.0 feet averaging 9.4 ounces of silverper ton (23.8 meters averaging 322.0 grams of silver per tonne).

- PD-81, drilled on the southwestern margin of the South RidgeZone which intersected 180.0 feet averaging 6.8 ounces of silver perton (54.9 meters averaging 231.8 grams of silver per tonne), including30.0 feet averaging 15.5 ounces of silver per ton (9.1 metersaveraging 533.0 grams of silver per tonne).

- PD-87, drilled near the southeastern margin of South Ridge,which intersected 172.9 feet averaging 6.8 ounces of silver per ton(52.7 meters averaging 234.6 grams of silver per tonne), including42.0 feet averaging 12.8 ounces of silver per ton (12.8 metersaveraging 438.9 grams of silver per tonne).

A table that corresponds with these highlights is attached.Drilling in the South Ridge Zone continues to intersect a thicksequence of mineralized volcanic material (tuffs, breccias andrhyolitic intrusives) with a moderate dip to the southeast. The SouthRidge Zone now measures approximately 400 meters by 500 meters and isopen down dip to the southeast and along strike to the north andsouth. Drilling is continuing with three diamond drill rigs now onsite. Kenneth C. McNaughton, M.A.Sc., P.Eng., Vice President,Exploration, Silver Standard Resources Inc., is the qualified personresponsible for the exploration program at Pitarrilla.

Silver Standard's measured silver resources will total 101.9million ounces, indicated resources will total 488.6 million ouncesand inferred resources will total 508.6 million ounces on closing ofthe previously reported acquisition of the Veta Colorada silverproject in Mexico.

The company presently has two feasibility studies underway, thefirst, a priority update for Silver Standard's wholly-owned Pirquitassilver project in northern Argentina and a second study for the50%-owned Manantial Espejo silver-gold property in southern Argentina.With the continued strength in silver prices, Silver Standard hascommissioned updates for scoping and/or prefeasibility studies forother advanced projects in the company's development pipelineincluding Diablillos in northern Argentina, Bowdens in Australia,Shafter in Texas and Challacollo in Chile.

Silver Standard Resources Inc. is a well-financed silver resourcecompany with approximately $44.7 million in cash, and 1.95 millionounces of physical silver, marketable securities and other investmentsvalued at $49.3 million at January 30, 2006. The company continues toseek resource growth through acquisitions and exploration anddevelopment of its own projects.

To receive Silver Standard's news releases by e-mail, contact PaulLaFontaine, Director, Investor Relations at invest@silverstandard.comor call (888) 338-0046. The TSX has neither approved nor disapprovedof the information contained herein. The statements that are nothistorical facts are forward-looking statements involving known andunknown risks and uncertainties which could cause actual results tovary considerably from these statements. The risks and uncertaintiesinclude those described in Silver Standard's SEC Form 20F as amended.

Cautionary note to U.S. investors concerning disclosure ofestimates of mineral resources and contained ounces of silver: Theterms "measured resource", "indicated resource" and "inferredresource" used in this news release are Canadian geological and miningterms as defined in accordance with National Instrument 43-101,Standards of Disclosure for Mineral Projects under the guidelines setout in the Canadian Institute of Mining, Metallurgy and Petroleum (the"CIM") Standards on Mineral Resources and Mineral Reserves, adopted bythe CIM Council on August 20, 2000 as may be amended from time to timeby the CIM. We advise U.S. investors that while such terms arerecognized and permitted under Canadian regulations, the SEC does notrecognize them. U.S. investors are cautioned not to assume that anypart or all of the mineral deposits in the indicated category willever be converted into reserves. "Inferred resources" have a greatamount of uncertainty as to their existence, and great uncertainty asto their economic and legal feasibility. It cannot be assumed that allor any part of an inferred mineral resource will ever be upgraded to ahigher category. Under Canadian rules estimates of inferred mineralresources may not form the basis of feasibility or other economicstudies. U.S. investors are cautioned not to assume that any part orall of an inferred resource exists, or is economically or legallymineable.

Disclosure of silver resources expressed in ounces in the mineralresource category in this news release is in compliance with NationalInstrument 43-101, but does not meet the requirements of IndustryGuide 7, Description of Property by Issuers Engaged or to be Engagedin Significant Mining Operations, of the SEC, which will accept onlythe disclosure of tonnage and grade estimates for non-reservemineralization.

Selected Pitarrilla Diamond Drilling Results - February 2006 South
Ridge Zone

Sil-
Inter- Inter- ver
Dip/ From To val Silver val Grade
Hole Coordin- Azim- (met- (met- (met- Grade (in (oz./
No. ates uth ers) ers) ers) (g/t) feet) ton)
PD-76 504470E 90 25.9 77.7 51.8 69.1 170.0 2.0
2810695N degrees/
00
degrees
and 99.1 190.5 91.4 130.0 300.0 3.8
incl. 126.5 150.9 24.4 242.6 80.0 7.1
PD-78 504476E 90 89.9 103.6 13.7 80.4 45.0 2.3
2810589N degrees/
00
degrees
and 169.2 199.2 30.1 99.2 98.7 2.9
PD-79 504238E 45 179.8 318.5 138.7 130.9 455.0 3.8
2810628N degrees/
155
degrees
incl. 217.9 237.7 19.8 201.4 65.0 5.9
PD-80 504553E 90 57.9 80.8 22.9 181.2 75.0 5.3
2810684N degrees/
00
degrees
PD-81 504242E 70 19.8 74.7 54.9 231.8 180.0 6.8
2810425N degrees/
245
degrees
incl. 42.7 51.8 9.1 533.0 30.0 15.5
PD-83 504593E 60 179.5 185.9 6.4 108.3 21.1 3.2
2810595N degrees/
270
degrees
PD-84 504242E 90 22.9 70.1 47.2 168.6 155.0 4.9
2810425N degrees/
00
degrees
and 93.0 109.7 16.8 294.5 55.0 8.6
PD-85 504605E 90 116.4 135.6 19.2 223.4 63.1 6.5
2810499N degrees/
00
degrees
PD-86 504243E 65 59.4 81.4 21.9 150.8 71.9 4.4
2810425N degrees/
65
degrees
PD-87 504604E 60 124.1 176.8 52.7 234.6 172.9 6.8
2810499N degrees/
270
degrees
incl. 125.9 138.7 12.8 438.9 42.0 12.8
PD-88 504237E 90 169.8 221.6 51.8 146.8 170.0 4.3
2810629N degrees/
00
degrees
PD-89 504796E 80 185.9 198.2 12.3 94.4 40.3 2.8
2811251N degrees/
245
degrees
and 236.2 253.0 16.8 194.1 55.0 5.7
and 285.0 288.0 3.1 200.0 10.0 5.8
PD-90 504465E 90 77.7 128.0 50.3 356.0 165.0 10.4
2810786N degrees/
00
degrees
and 160.0 183.8 23.8 322.0 78.0 9.4


Notes: Intervals do not denote true thickness, which is to be
determined. Kenneth C. McNaughton, M.A.Sc., P.Eng., and vice
president, exploration, Silver Standard Resources Inc., is the
Qualified Person (QP) responsible for the Pitarrilla
exploration program and has verified the data in the table
above.

All assays were submitted for preparation and analysis by ALS
Chemex at its facilities in Chihuahua, Mexico (preparation) and
Vancouver, B.C. (analysis). All samples were analyzed using three
acid digestion with ICP finish. Samples over 100 grams were
reanalyzed using four acid digestion with an ore grade AA finish.
Samples over 1,000 grams were fire assayed with a gravimetric
finish.