Western Silver fka WTC

[Ed Monton]

Western Silver Corporation: New High-Grade Gold-Silver
Zone Discovered At Penasquito; Northeast Azul Zone
Further Defined, Chile Colorado Expanded

VANCOUVER, BRITISH COLUMBIA--Western Silver Corporation
("Western") today announced results from thirteen core holes
(5,462 meters total) completed during February-April 2003 at its
100% owned Penasquito silver-gold-lead-zinc property in the
Concepcion del Oro district of Zacatecas State, Mexico.

The resource potential of the Penasquito project has been
significantly enhanced by the results of this drilling program,
which include the newly discovered "La Palma" high-grade
gold/silver zone and a further expansion of the previously
identified zones in the Penasquito district. Additional drilling
of the La Palma zone may result in the delineation of another
high-grade resource. (Maps with drill hole locations may be found
on the Company's website at www.westernsilvercorp.com).

- Newly Discovered Gold-Silver Zone: A new zone of high-grade
gold-silver mineralization (the La Palma Zone) was discovered in
hole WC-63 collared approximately one kilometer east of the
Outcrop Breccia and 1.5 kilometers north of the Chile Colorado
deposit. A six meter interval from 276-282 averages 20 g/t gold
(0.58 oz/ton), 485 g/t silver (14.2 oz/ton), 4.53 % lead, 7.13 %
zinc and 0.34 % copper.

- Northeastern Zone of Azul Breccia Further Defined: Hole WC-65,
collared 50 meters east of hole PN-11 on the northeastern side of
the Azul breccia, intersected 501 meters of mineralized Caracol
sandstone and breccia starting at 180 meters averaging 0.29 g/t
gold, 45 g/t silver, 0.72% lead and 1.68% zinc. The Northeastern
zone has the potential to develop into a Chile Colorado-size and
style deposit.

- Potential Southeast Extension of Chile Colorado: Hole WC-58,
collared 50 meters east of the high-grade massive sulfide zone in
WC-52, intersected a two meter zone from 208-210 meters averaging
0.85 g/t gold, 537 g/t silver, 5.14% lead and 4.16% zinc.

- Northwest Extension of Chile Colorado: Hole WC-55, collared 50
meters south of WC-54 on the northwestern edge of the Chile
Colorado deposit, intersected 279 meters averaging 0.44 g/t gold,
31 g/t silver, 0.19% lead and 1.32% zinc. The mineralized system
in this area is strongly zoned and additional drilling to the
northwest on north-south fences will be required to define the
extent and grades of mineralization.

- Chile Colorado Mineralization Deepened: Vertical core hole
PN-26, in the south central portion of the Chile Colorado
deposit, was deepened from 404 meters to 1,002 meters. Strong
precious and base metal values were intersected to a depth of 566
meters, including a zone from 404 to 434 meters averaging 1.81g/t
gold, 58 g/t silver, 0.32% lead and 2.83% zinc.

The La Palma Zone

Hole WC-63 tested a coincident IP- gravity anomaly one kilometre
east of the Outcrop breccia and 1.5 kilometers north of the Chile
Colorado deposit. The entire 38 meter interval from 254 - 292
averages 3.71 g/t gold, 99 g/t silver, 1.16 % lead and 2.15 %
zinc. Included within this zone is a six meter interval beginning
at 276 meters averaging 20 g/t gold, 485 g/t silver, 4.53% lead,
7.13 % zinc and 0.34 % copper. One two meter sample from 280 -
282 meters contains 41.8 g/t gold, 1,112 g/t silver, 9.11% lead
and 11.91% zinc and 0.86% copper. This is the second highest
value gold intercept drilled at the Penasquito property and
highlights the prospectiveness of the entire Outcrop breccia
area. The closest hole to WC-63 is PN-5, a vertical hole located
180 meters to the southeast that intersected 12 meters averaging
0.54 g/t gold, 25 g/t silver, 0.50% lead and 0.80% zinc beginning
at 228 meters.

WC-63 is situated on a crescent shaped gravity high that extends
at least 500 meters to the west toward the Outcrop breccia and
500 meters to the south. Only a few holes have been drilled in
the one square kilometer area around WC-63 that is most
prospective for bulk tonnage and high-grade mineralization. The
discovery of high-grade mineralization at the La Palma zone in an
area of sparse drilling well removed from areas of known
mineralization, is extremely encouraging. The size and grade of
this discovery must be determined by additional drilling.

Northeast Azul Breccia

Three holes were drilled in the Northeast target area where
previous drilling has intersected thick intervals of both
sandstone and breccia-hosted mineralization. The Northeast
target, adjacent to the northeast contact of the Azul breccia,
will require delineation drilling, with holes spaced at 50 to 100
meter intervals. The mineralized zone, based on current drilling,
is at least 500 meters long and 100 to 300 meters wide. If the
post-mineral fault offset can be resolved, the zone could be even
larger.

- WC-65 was collared 50 meters east of PN-11. The entire interval
from 180 to hole bottom at 681.53 meters is strongly mineralized
and averages 0.29 g/t gold, 45 g/t silver, 0.72% lead and 1.68%
zinc. Included within this zone is a 316 meter interval beginning
at 320 meters that averages 0.30 g/t gold, 59 g/t silver, 1.04%
lead and 2.29% zinc.

- WC-57 was collared 55 meters northeast of WC-38. Strong
mineralization was intersected in a fault zone, with the seven
meter interval from 128 - 135 averaging 1.71 g/t gold, 159 g/t
silver, 1.96% lead and 4.81% zinc. Numerous clasts of mineralized
rock in the fault gouge clearly demonstrate post-mineral
movement. Only minor mineralization is present below the fault to
hole bottom at 398 meters. The amount and direction of offset are
unknown. Analysis of gravity data to assist in interpretation of
fault offset is in progress.

- WC-59 was collared approximately 320 meters east of WC-57 to
test a gravity high on the eastern side of the Azul breccia. The
hole was drilled to a depth of 370.6 meter through a series of
unaltered and unmineralized siltstones and sandstones without
explaining the source of the gravity anomaly.

Chile Colorado Zone and Extensions

- Two holes were drilled to test for possible extensions of
massive sulfide mineralization discovered immediately southeast
of Chile Colorado in WC-52 (4.85 meters averaging 5.76 g/t gold,
1,143 g/t silver, 20% lead and 2.53% zinc). Hole WC-58 was
collared 50 meters east of WC-52 and intersected three narrow
zones of mineralization, (best interval 208-210 averaging 0.85
g/t gold, 537 g/t silver, 5.14% lead and 4.16% zinc). Hole WC-53,
previously drilled 50 meters west of WC-52, was deepened from 310
meters to 459 meters. Several intervals of mineralization were
intersected that may be peripheral leakage from the massive
sulfide zone. Analysis of gravity data and further drilling will
be required to trace the massive sulfide.

- One hole (WC-64) was drilled 300 meters east of WC-41 to test a
gravity high thought to be a possible extension of Chile
Colorado. Only a few narrow intervals of weak mineralization were
intersected and the source of the gravity anomaly remains
unexplained.

- Three holes tested the possible continuation of Chile Colorado
to the northwest. Hole WC-55, collared 50 meters south of WC-54,
intersected 279 meters of continuous mineralization averaging
0.44 g/t gold, 31 g/t silver, 0.19% lead and 1.32% zinc. Included
within this zone is an eight meter interval beginning at 162
meters averaging 1.21 g/t gold, 187 g/t silver, 2.29 % lead and
4.59 % zinc. Hole WC-56, collared 50 meters northwest of WC-54,
intersected 201 meters of similar but lower grade mineralization
averaging 0.18 g/t gold, 15 g/t silver, 0.03 % lead and 0.45 %
zinc. Hole WC-60, collared 300 meters northwest of WC-56 to test
a coincident gravity -CSAMT anomaly, intersected 214 meters of
mineralization of very similar grade to WC-56. Because the system
is strongly zoned, the entire area between holes WC-56 and WC-60
will require drilling on north-south fences to define the extent
and grade of this mineralization.

- PN-26, a vertical hole located in the south central part of the
Chile Colorado deposit, was deepened from 404 to 1,002 meters to
test the depth extent of mineralization in this part of the
deposit and to determine the depth of the Cuesta del Cura
limestone. The entire section of Caracol sandstone from 404 to
566 meters is mineralized, with values decreasing down hole. In
particular, the 30 meter interval from 404 to 434 has strong gold
values averaging 1.81 g/t gold, 58 g/t silver, 0.32% lead and
2.83% zinc. Neither the Indidura formation nor Cuesta del Cura
(intersected at 969 meters) is mineralized. However, the presence
of this favourable limestone at Chile Colorado suggests potential
for high-grade mineralization along its contact with the Azul
breccia.

Chile Colorado remains open to the southwest and northwest. Hole
PN-26 demonstrates that the vertical extent of mineralization is
a minimum of 400 meters. The continuation of mineralization to
the east is possible, but the presence of post-mineral faulting
makes projections difficult.

Other targets

Two holes, WC-61 and WC-62, were drilled along the southern
border of the Outcrop breccia. Both holes intersected strong
alteration with disseminated and vein pyrite and narrow zones of
mineralization. WC-62 intersected a two meter interval from
216-218 with 3.36 g/t gold, 871 g/t silver, 2.31 % lead and 2.65
% zinc. The high-grade structures in and around the Outcrop
breccia will require additional drilling and analysis.

The Outcrop breccia could develop into a Chile Colorado size
target with the potential for higher gold grades. Several holes
drilled in the breccia, including PN-15 and PN-44, have thick
intervals of continuous mineralization with narrow zones of high
grade precious metal mineralization. Holes drilled along the
breccia contact also contain narrow intervals of high-grade gold.
Oxide mineralization begins at the surface with little to no
overburden.

Western is a silver and base metal exploration company with
advanced projects in Mexico and Canada. Western's Penasquito
project in Zacatecas, Mexico was the subject of a recent resource
calculation with an indicated resource of 158.8 million ounces of
silver, 1.36 million ounces of gold, 988.8 million pounds of lead
and 2.3 billion pounds of zinc and an inferred resource of 54.6
million ounces of silver, 584 thousand ounces of gold, 310
million pounds of lead and 891 million pounds of zinc.

Dr.Thomas Patton is the qualified person responsible for the
preparation of this release.

ON BEHALF OF THE BOARD OF DIRECTORS

Dale Corman, Chairman and Chief Executive Officer

 
  
 -------------------------------------------------------------------- 
 Hole              Interval 
             From-to                      Au     Ag    Pb    Cu    Zn 
                  (m)       (m)   (ft)  (g/t)  (g/t)    %     %     % 
 -------------------------------------------------------------------- 
                                                   
 WC-55       92.00 - 
              102.00(i)  10.00   32.8   0.22     25  0.01        0.33 
 -------------------------------------------------------------------- 
            130.00 - 
             409.04     279.04  915.3   0.44     31  0.19        1.32 
 -------------------------------------------------------------------- 
 Includes   152.00 - 
             186.00      34.00  111.5   0.60     86  0.83        2.01 
 -------------------------------------------------------------------- 
 Includes   162.00 -  
             170.00       8.00   26.2   1.21    187  2.29        4.59 
 -------------------------------------------------------------------- 
 Includes   332.00 - 
             390.00      58.00  190.2   0.89     32  0.07        2.35 
 -------------------------------------------------------------------- 
 Includes   378.00 - 
             390.00      12.00   39.4   1.79     54  0.10        2.06 
 -------------------------------------------------------------------- 
 WC-56      194.00 - 
             395.33     201.33  660.4   0.18     15  0.03        0.45 
 -------------------------------------------------------------------- 
 Includes   258.00 - 
             334.00      76.00  249.3   0.22     20  0.02        0.82 
 -------------------------------------------------------------------- 
 WC-57      128.00 - 
             140.00      12.00   39.4   1.37     96  1.16        2.86 
 -------------------------------------------------------------------- 
 Includes   128.00 - 
             135.00       7.00   23.0   1.71    159  1.96        4.81 
 -------------------------------------------------------------------- 
 WC-58      208.00 - 
             210.00       2.00    6.6   0.85    537  5.14        4.16 
 -------------------------------------------------------------------- 
            312.00 -  
             314.00       2.00    6.6   0.73    174  2.80        2.97 
 -------------------------------------------------------------------- 
            358.00 - 
             360.00       2.00    6.6   0.41     72  1.39  0.16  5.28 
 -------------------------------------------------------------------- 
 WC-60      250.00 -  
             464.00     214.00  701.9   0.20     13  0.07        0.47 
 -------------------------------------------------------------------- 
 Includes   254.00 - 
             264.00      10.00   32.8   0.44     55  0.14        0.31 
 -------------------------------------------------------------------- 
 WC-61      164.00 - 
              170.00       6.0   19.7   0.12     59  0.32  0.65  1.01 
 -------------------------------------------------------------------- 
            216.00 - 
             220.00        4.0   13.1   0.10     35  0.14  0.16  0.40 
 -------------------------------------------------------------------- 
 WC-62      216.00 - 
             218.00       2.00    6.6   3.36    871  2.31        2.65 
 -------------------------------------------------------------------- 
            270.00 -  
             272.00       2.00    6.6   0.73    161  1.49        1.08 
 -------------------------------------------------------------------- 
            390.60 - 
             392.30       1.70    5.6   0.32    319  6.20        6.36 
 -------------------------------------------------------------------- 
 WC-63       32.00 - 
              34.00(i)    2.00    6.6   1.70      5  0.11        0.25 
 -------------------------------------------------------------------- 
            232.00 - 
             242.00      10.00   32.8   0.76    106  1.23        2.13 
 -------------------------------------------------------------------- 
            254.00 - 
             292.00      38.00  124.6   3.71     99  1.16        2.15 
 -------------------------------------------------------------------- 
 Includes   276.00 - 
             282.00       6.00   19.7  20.00    485  4.53  0.34  7.13 
 -------------------------------------------------------------------- 
 Includes   280 .00 - 
             282.00       2.00    6.6   41.8   1112  9.11  0.86 11.91 
 -------------------------------------------------------------------- 
 WC-64      228.00 - 
             230.00       2.00    6.6   0.19     39  0.92        0.53 
 -------------------------------------------------------------------- 
 WC-65      180.00 -  
             681.53     501.53 1645.0   0.29     45  0.72        1.68 
 -------------------------------------------------------------------- 
 Includes   180.00 - 
             320.00     140.00  459.2   0.26     23  0.19        0.18 
 -------------------------------------------------------------------- 
 Includes   320.00 - 
             636.00     316.00 1036.5   0.30     59  1.04        2.29 
 -------------------------------------------------------------------- 
 Includes   636.00 - 
             681.53      45.53  149.3   0.24     12  0.17        2.07 
 -------------------------------------------------------------------- 
 WC-53 1    162.00 - 
             178.00         16   52.5   0.11     35  0.46        0.40 
 -------------------------------------------------------------------- 
            184.00 - 
             198.00         14   45.9   0.11     76  1.00        0.98 
 -------------------------------------------------------------------- 
            236.00 - 
             248.00         12   39.4   0.32     70  1.01        1.05 
 -------------------------------------------------------------------- 
 WC-53 ext. 330.00 - 
             334.00       4.00   13.1   0.14     57  0.62        0.56 
 -------------------------------------------------------------------- 
            384.00 - 
             410.00      26.00   85.3   0.18     34  0.42        0.60 
 -------------------------------------------------------------------- 
 Includes   388.00 - 
             392.00       4.00   13.1   0.73     98  1.26        0.99 
 -------------------------------------------------------------------- 
 PN-26 1    142.00 - 
             200.00         58  190.2   0.29     88  0.90        1.20 
 -------------------------------------------------------------------- 
            200.00 - 
             404.16     204.16  669.6   0.28     80  0.99        1.48 
 -------------------------------------------------------------------- 
 PN-26 ext. 404.16 - 
             566.00     161.84  530.8   0.48     22  0.41        1.28 
 -------------------------------------------------------------------- 
 Includes   404.16 - 
             482.00      77.84  255.3   0.87     34  0.45        1.92 
 -------------------------------------------------------------------- 
 Includes   404.16 - 
             434.00      29.84   97.9   1.81     58  0.32        2.83 
 -------------------------------------------------------------------- 
 Includes   462.00 - 
             466.00       4.00   13.1   7.30     72  0.33        6.07 
 -------------------------------------------------------------------- 
 (i) oxide mineralization 
 1 Prior drilling 
  
 Note: Hole WC-59 does not contain significant mineralization 
  
 

All core samples were prepped and analyzed by Acme Analytical
Labs. Samples were initially run using conventional ICP analysis
with an aqua regia digestion process. A series of property
specific standards and blanks were routinely submitted with each
batch of samples. A 30 gram fire assay with gravimetric finish
was run on all samples for gold and silver. Samples containing
more than 1% lead or zinc were analyzed using AA with aqua regia
digestion.

Statements contained in this news release that are not historical
facts are forward-looking statements as that term is defined in
the private securities litigation reform act of 1995. Such
forward-looking statements are subject to risks and uncertainties
which could cause actual results to differ materially from
estimated results. Such risks and uncertainties are detailed in
the Company's filings with the Securities and Exchange
Commission.

-30-

FOR FURTHER INFORMATION PLEASE CONTACT:
Western Silver Corporation
Dale Corman
Chairman and Chief Executive Officer
[phone]
[phone] (FAX)
Website: www.westernsilvercorp.com
The Toronto Stock Exchange has not reviewed nor accepted
responsibility for the adequacy or accuracy of the contents of
this news release, which has been prepared by management.