VANCOUVER, March 30, 2017 /PRNewswire/ - Silver Standard Resources Inc. (NASDAQ: SSRI) (TSX: SSO) ("Silver Standard") announces that Golden Arrow Resources Corporation (TSX-V: GRG) ("Golden Arrow") and Silver Standard have agreed to extend the period in which we have the right to exercise our option to form a joint venture with Golden Arrow for the development of the Chinchillas project (the "Business Combination Agreement"). This period has been extended to March 31, 2017. The Business Combination Agreement was previously announced in our news release dated October 1, 2015.

About Silver Standard

Silver Standard is a Canadian-based precious metals producer with three wholly-owned and operated mines, including the Marigold gold mine in Nevada, U.S., the Seabee Gold Operation in Saskatchewan, Canada and the Pirquitas silver mine in Jujuy Province, Argentina. We also have two feasibility stage projects and a portfolio of exploration properties in North and South America. We are committed to delivering safe production through relentless emphasis on Operational Excellence. We are also focused on growing production and Mineral Reserves through the exploration and acquisition of assets for accretive growth, while maintaining financial strength.

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

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