(1) The mineral resource estimate quoted above was prepared by Roscoe Postle Associates Inc. for Silver Standard Resources Inc. in 2003. It is classed as a historic mineral resource estimate. A qualified person has not done sufficient work to classify this historic tonnage estimate as a current mineral resource and the Company is not treating the estimate as a current mineral resource. The historic resource estimate cannot be relied upon. Additional work, including verification drilling / sampling and remodeling, will be required to verify the estimate as a current mineral resource. In addition, the assessment of economic viability would need to be redone using current or foreseeable metals prices, which are higher than those used in the 2003 estimate.

Resources in this historical resource estimate were estimated using a classical polygonal method. Intercepts were composited primarily using a geological cut-off based on the sulphide content and a nominal 30 g/t Ag grade. Internal values below 30 g/t were included for geological continuity if the composite remained above cut-off. The following metals prices were assumed: silver US$5.50 per ounce; gold US$400 per ounce; zinc US$0.45 per pound; lead US$0.25 per pound; and copper US$0.80 per pound.

A portion of the mineral resource at Sunrise Lake is not compliant with NI 43-101 guidelines due to missing QA/QC data and density measurements in the historic data base. QA/AC and density questions could be addressed by twinning a limited number of significant historic mineralized intercepts.