First Silver Reserve Inc. Is a silver mining company focused on low cost, profitable production of silver through its 100% owned San Martin silver mine, located 250 km north of Guadalajara in Jalisco State, Mexico. The mine has been in continuous production since 1983 and produced 2.1 million ounces of silver in 2004. The company is focused on increasing its silver resources. First Silver has not hedged its current silver production and has no plans to do so.

In June, 2005, Pincock Allen & Holt ("PAH")*** completed a National Instrument 43-101 compliant technical review of First Silver's 100% owned San Martin de Bolanos Silver Mine. PAH reviewed the reserve and resource estimates prepared as at December 31, 2004 by First Silver's subsidiary, Minera El Pilon S.A. de C.V.("Pilon") San Martin unit geologists. PAH have reported that the total mineral reserves and resources have increased to 5.2 million and 37.5 million ounces of silver respectively. This is an increase of 24% on previously reported mineable reserves and 88% on previously reported resources. In addition, PAH state in their report: "Exploration potential for finding and developing new resources/reserves in the San Martin district appears to be very promising".

Website: http://www.firstsilver.com/