Shoshone Silver Mining Announces Management Change

Shoshone Silver Mining Company announces management changes, including a new President and Chief Geologist.

Shoshone Silver Mining Announces Management Change
Friday July 18, 10:00 am ET

COEUR D'ALENE, Idaho (PRWEB) -- July 18, 2003 -- Shoshone Silver Mining Company (OTC:SHSH) announces a recent change in its management team in conjunction with a reassessment of its corporate objectives.

Shoshone Silver Mining Company was founded in 1968 as a silver exploration, development and production company centered on its Lakeview Mine and Mill, south of Lake Pend d'Oreille in northern Idaho. In the early-1990s, the prolonged downturn in silver prices led to the placement of Lakeview operations under care and maintenance. In the mid-1990s, Shoshone management diversified into Mexican precious metal and industrial mineral interests. Unfortunately, these ventures have not provided the investment returns that were originally anticipated.

Shoshone intends to refocus its efforts where they are believed to provide the best opportunity to realize shareholder value. The initial strategy to strengthen Shoshone has two primary elements:

Conduct a thorough evaluation of existing Mexican assets and determine whether they should be retained and developed or liquidated.

Seek and acquire undervalued precious and base metal projects in the western United States, particularly properties within close proximity to the Lakeview Mill, and prepare for a return to production when metal prices are more favorable.

Shoshone will continue to maintain its Lakeview Mill facility, along with its 33 patented and 24 unpatented claims near Lakeview and within the Wallace Mining District.

Shoshone is pleased to announce that James Ebisch, a 23-year veteran of the mineral exploration industry, has been appointed to the position of Chief Geologist and will assume a lead role in the reinvigoration of Shoshone. Mr. Ebisch is a professional geologist and a "qualified person" whose diverse background has included service for Kennecott, U.S. Borax, Newmont, Texasgulf and Yamana, among other well-known mining companies.

In support of its reassessment strategy, Shoshone is considering various financial measures, including consolidation of capital, as a means to enhance its viability and its ability to deliver value to shareholders over the longer term.

Shoshone Silver Mining Company stock trades on the OTC Market under the symbol "SHSH."

Certain statements contained in this press release are "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are based on beliefs of management as well as assumptions made by and information currently available to management. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from expected results.

Contact:
     Shoshone Silver Mining Company
     Lex Smith, 208-676-1629
     www.shoshone-mining.com

Source: Shoshone Silver Mining Company