MNS Royal Canadian Mint Canadian Silver Reserves

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

The Royal Canadian Mint (TSX:MNS)(TSX:MNS.U) is announcing the issuance of
15,994 Silver Exchange-Traded Receipts ("Silver ETRs") following completion of
the exercise of 2013 Purchase Rights ("Purchase Rights") under the Mint's
Canadian Silver Reserves Program. A total of 11,680 Purchase Rights were
exercised at a price of C$20.00 (the "Exercise Price") for gross proceeds of
C$233,600. The newly issued Silver ETRs will commence trading today on the
Toronto Stock Exchange in Canadian and U.S. dollars under the symbols "MNS" and
"MNS.U", respectively.


TD Securities Inc. and National Bank Financial Inc. managed a broad soliciting
dealer group to facilitate the exercise of the Purchase Rights. The Mint's
expenses related to the exercise of Purchase Rights, including soliciting dealer
fees, were C$0.40 per C$20.00 Purchase Right (2% of the Exercise Price). After
deducting expenses associated with the exercise of the Purchase Rights, net
proceeds of C$228,928 were applied today to purchase an aggregate of
approximately 9,872 ounces of silver bullion on behalf of Silver ETR holders who
exercised Purchase Rights, at a weighted average spot price of silver of
US$22.53 per ounce. Today's per Silver ETR entitlement to silver is 0.617093
troy ounce of silver. 


For additional details regarding the now-expired 2013 Purchase Right, please
consult the Purchase Right Notice dated August 28, 2013, which can be found at
www.reserves.mint.ca and www.sedar.com. The London silver fix and the daily
calculation of the per Silver ETR entitlement to silver, the net asset value and
the net asset value per Silver ETR are available on the Canadian Silver Reserves
Program website at www.reserves.mint.ca. For reference, the London fix price of
silver established by London Silver Market Fixing Ltd. at 7:00 a.m. (ET) today
was US$22.74 per ounce.


Each Silver ETR provides direct legal and beneficial ownership in physical
silver bullion held in the custody of the Mint. Subject to certain restrictions,
Silver ETR holders are entitled to redeem their Silver ETRs for physical silver
products in the form of 99.99 per cent pure silver coins, 99.9 per cent pure
silver bars or for cash. Each ETR also includes the 2014 Purchase Right, which
entitles its holder to purchase additional ETRs on September 18, 2014 based on
the spot price of silver on or shortly after such date.


The Silver ETRs have not been and will not be registered under the United States
Securities Act of 1933, as amended, and may not be offered or sold in the United
States absent registration or an applicable exemption from the registration
requirements. This media release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any offer, solicitation or
sale of the Silver ETRs in any jurisdiction in which such offer, solicitation or
sale would be unlawful.


An investment in Silver ETRs involves a degree of risk. These risks result
primarily from fluctuations in the price of silver. A detailed description of
these risks and other important information about the Silver ETRs and the
Canadian Silver Reserves Program is contained in the Amended and Restated
Information Statement dated October 29, 2012 (the "Information Statement") which
can be found at www.reserves.mint.ca and www.sedar.com. Silver ETR holders will
have no recourse to the Mint or the Government of Canada for any loss on their
investment.


About the Royal Canadian Mint

The Royal Canadian Mint is the Crown Corporation responsible for the minting and
distribution of Canada's circulation coins. An ISO 9001-2008 certified company,
the Mint is recognized as one of the largest and most versatile mints in the
world, offering a wide range of specialized, high quality coinage products and
related services on an international scale. The Mint has issued exchange-traded
receipts under its Canadian Gold Reserves (TSX:MNT)(TSX:MNT.U) and Canadian
Silver Reserves (TSX:MNS)(TSX:MNS.U) programs, which provide holders with direct
legal and beneficial ownership in physical bullion held in the custody of the
Mint at its facilities. For more information on the Mint, its products and
services, visit www.mint.ca.


This release contains forward-looking information within the meaning of
applicable securities laws in Canada ("forward-looking information"). The
forward-looking information in this release includes, without limitation,
statements regarding the terms of the Purchase Right. All forward-looking
information is given pursuant to the safe harbour provisions of applicable
Canadian securities legislation. The words "anticipates", "believes", "budgets",
"could", "estimates", "expects", "forecasts", "intends", "may", "might",
"plans", "projects", "schedule", "should", "will", "would" and similar
expressions are often intended to identify forward-looking information, although
not all forward-looking information contains these identifying words. The
forward-looking information reflects management's current beliefs and is based
on assumptions developed using information currently available to the Mint's
management. Although the Mint believes that the forward-looking statements are
based on information and assumptions which are current, reasonable and complete,
these statements are necessarily subject to a variety of risks and
uncertainties. 


For additional information on risk factors that have the potential to affect the
Silver ETRs, the Canadian Silver Reserves Program or the Mint, reference should
be made to the Information Statement, which may be obtained in the manner
described above. Except as required by law, the Mint undertakes no obligation to
revise or update any forward-looking information as a result of new information,
future events or otherwise after the date hereof.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Media Inquiries
Royal Canadian Mint
Alex Reeves
Senior Manager, Communications
613-949-5777
reeves@mint.ca


Investor Relations
Canadian Gold and Silver Reserves
Steve Higgins
Senior Manager
1-866-677-1477
reserves@mint.ca

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