VANCOUVER, Feb. 7, 2014 /PRNewswire/ - Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) ("Silver Standard") announces today that it has completed the sale of its Challacollo project in Region I, Chile to Mandalay Resources Corporation (TSX: MND) ("Mandalay") for aggregate consideration at closing of $7.5 million in cash and 12 million common shares of Mandalay. This transaction was previously announced in Silver Standard's press release dated December 20, 2013.

W. John DeCooman, Jr.Vice President, Business Development and StrategySilver Standard Resources Inc.Vancouver, B.C.N.A. toll-free: +1 (888) 338-0046All others: +1 (604) 689-3846E-Mail: invest@silverstandard.com 

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SOURCE Silver Standard Resources Inc.