Silver Spruce Resources Inc. - A7

REE Gold/Silver Uranium

CMB JV Properties CMB Northwest Two Time Zone Jacques Lake CMB E Other CMB JV Properties Central Mineral Belt Non-JV Properties Snegamook A7

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Mount Benedict T-649/Super 7 Makkovik River Tukialuk Bay Other Labrador Properties Double Mer Straits Project

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Silver Spruce Resources has purchased the Anomaly 7 (A7) uranium property in the Central Mineral Belt of Labrador from Virginia Energy Resources Inc. The 446 claim (111.5 km2) property consists covers a number of significant uranium showings, including the Anomalies 7, 7a and 17 (A7, A7a, A17) showings discovered by Canico in the late 1970s and the Fishhawk Lake North, Central and South (FHLN, C+S), Brook and Whiskey Jack showings/occurrences discovered by Santoy Resources (predecessor to Virginia Energy) in 2006/2007. A total of 26 drill holes have been drilled on the property since the discovery of uranium mineralization in the late 1970s: eight on A7 by Canico, and three on A7, 13 on FHLS and two on FHLN by Santoy. No exploration has been carried out since 2007. Highlights of the drilling include:

Anomaly 7 - 0.13% U3O8 / 23.4 m, incl. 0.25% / 9.7 m

FHLS - 0.063% U3O8 / 27.9 m, incl. 0.18% / 4.5 m and 0.106% / 9.9 m in DDH FHLS-07-3.

Narrow high grade zones in uranium with copper (Cu) and silver (Ag) were also noted in Santoy drilling, as in FHLS-07-9 - 1.15% U3O8, 0.79 oz/T Ag, 0.5% Cu / 0.94 m. The mineralization is hosted in at least two different geological settings - fractured to brecciated, hematized granodiorite, similar to that in the Two Time and Snegamook zones, as well as unconformity-related mineralization along the contact between a fault-bounded wedge of Moran Lake sedimentary units and Archean basement intrusive units. Zones have been mapped by drilling and by surface outcrop and float with strike lengths from 250 to in excess of 400m, and to depths of greater than 100m.

All data on the A7 property provided by Virginia Energy, as well as the existing Silver Spruce data on the Snegamook property, will be combined to define the more prospective areas and as uranium demand and prices increase, field work including diamond drilling will follow.

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