­ Tier One Silver Inc. reported rock and channel sampling results from the Magdalena target area on the Hurricane project in southern Peru (Figure 1). Highlights from the program include 1 metre (m) of 852.5 g/t silver (Ag), 1.54% copper (Cu), 0.34% lead (Pb) and 0.23% zinc (Zn), 1 m of 522.5 g/t Ag, 1.15% Cu, 0.18% Pb and 0.18% Zn and 2 m of 232.5 g/t Ag, 0.37% Cu, 1.06% Pb and 1.78% Zn. These results have extended the mineralization at Magdalena by 500 m, where a total of 4 kilometres (km) of vein corridors have been recognized to date, and where numerous underground historical workings have been observed.

Table 1 summarizes highlights from the channel samples taken during the program. Silver-rich epithermal vein ­ fault structures have been mapped over an area of approximately 2 km by 2 km with approximately 200 m of vertical exposure. Recent field work consisted of mapping, rock and channel sampling with the goal of extending the strike length of the mineralized structures and getting a better understanding of the grade distribution through infill channel sampling of previously sampled veins (Figures 1 - 2 & Tables 1 ­ 2).

There are two primary mineralized structures, each greater than 1 km in length, as well as numerous splays and smaller structures in the Magdalena target area (Figure 1). The primary mineralized structures and splays have a combined strike length greater than 4 km and an average width of 1 m - 2 m with local vein widths up to 7 m wide. All mineralized structures remain open along strike and with nearly 60% of the target area under cover there is significant potential to discover extensions of and/or additional mineralized structures.

The mineralized structures were exploited historically via numerous underground mine workings and both recent and historic sampling of these mine dumps reveal significant high-grade silver and copper values. Highlights of the rock sample results from the historic mine dumps include: 861 g/t Ag, 1.11% Cu, 20.00% Pb, 11.35% Zn and 0.20% tungsten (W), 1,580 g/t Ag and 0.57% Cu, and 762 g/t Ag and 2.31% Cu. These results illustrate the continuity of mineralization at depth and the high silver and copper values provide examples of the grades that the mineralized system is capable of producing.

Individual channel and rock samples reported elevated tungsten and anomalous rhenium and scandium values that are consistent with an intrusive related mineralized system. Of the 48 rock samples and 44 channel samples, 11% returned tungsten values above 0.1%, with one sample reporting 0.9% W. In addition, dioritic porphyry dykes have been mapped on surface that may be related to elevated tungsten values. The next phase of exploration at Magdalena will focus on additional field work that includes soil sampling, mapping, trenching and a magnetics IP geophysical survey to evaluate the potential of these structures and the possible magmatic source.