A:   The management team has experience in all facets of business and mineral exploration. Lloyd Hillier, president and CEO, was voted Newfoundland & Labrador's Entrepreneur of the Year in 2001. Peter Dimmell, vice-president of exploration, is a geologist and prospector who has been involved in mineral exploration in Canada, the United States and overseas for over 37 years. Guy MacGillivray, senior geologist, has 25 years of experience. Of particular note is his uranium experience with Eldorado Nuclear and Shell Canada.

Q:   What are the short and long-term projections for the price of uranium?

A:   The recent weakening of uranium prices is expected to reverse itself as demand remains strong and the use of uranium as an energy source continues to grow. It's estimated that 30 nuclear reactors are currently being built, while another 70 are in the planning stages.

Q:   How is Silver Spruce valued in comparison to its peers?

A:   A case could be made that Silver Spruce is undervalued relative to its peers in the Central Mineral Belt due to the quality of its projects, their proximity to other projects in the area and the amount of land that Silver Spruce holds. Management has built even more value into the company by diversifying the project portfolio geographically and over a broader range of minerals, namely gold and base metals.

Q:   What is Silver Spruce's cash position?

A:   This is another strength of the company. As of March 2008, Silver Spruce has close to C$11.4M in the treasury.

Q:   Is Silver Spruce involved in other projects besides the Central Mineral Belt?

A:   While operations are focused on advancing the Central Mineral Belt properties, Silver Spruce has three other 100% owned uranium projects totalling almost 750 square kilometers. These projects are Double Mer, Mount Benedict and Straits. The company can earn a 100% interest in the Centauro Property, a gold-silver prospect in the Sierra Madre Occidental of Chihuahua State, Mexico, and holds a 100% interest in the 511-claim CNL base metal project in central Newfoundland where an initial drill program has been completed.

Q:   What is Silver Spruce's long-term strategy?

A:   Silver Spruce's long-term goal is to advance its properties to the point where they become attractive assets for another company to take into production. At that time, Silver Spruce would joint venture, merge with or be acquired by the producing company.

Q:   What are the environmental impacts of mining uranium?

A:   In many respects, uranium mining is much the same as any other mining. Projects must have environmental approvals prior to commencing, and must comply with all applicable environmental, safety and occupational health conditions. Increasingly, these are governed by international standards with external audits.

Q:   Is uranium safe?

A:   Uranium is a naturally occurring element found in low levels within all rock, soil, and water. As a result, we are exposed to low levels of radiation all the time. Uranium Oxide (U₃O₈) is the most stable form of uranium and is the form most commonly found in nature. In fact, uranium found naturally cannot be used for energy production until it has been refined, converted and in some cases enriched.

Q:   Is nuclear power safe?

A:   Nuclear power is a safe way of producing electricity. A substantial base for this confidence is derived from some 12,000 reactor-years of operational experience in civil nuclear power. Nuclear power plants are designed so that the effects of any major problem or accident are contained within the structure. Today, 103 nuclear reactors are delivering 20% of America's electricity, while 78% of France's electricity is derived from nuclear sources.