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September 20, 2006
Results of Analysis - Uranium Mineralized Zone CMB NW Area - Central Mineral Belt, Labrador

September 20, 2006 - Silver Spruce Resources Inc. (TSXV:SSE, Frankfurt S6Q) is pleased to announce analytical results from the recent discovery of an anomalous radioactive zone, announced on September 12, 2006, on airborne radiometric target Central Mineral Belt ("CMB") NW2, located to the south of the Kanairiktok River, in the western part of the CMB of Labrador.

Grab samples were taken from 22 locations over an area of approximately 300 m by 50 m, along the trend of the radiometric anomaly (map available at www.silverspruceresources.com). Values ranged from 2783 to 18 ppm U3O8. Eight samples gave individual values > 0.1 % U3O8 with 12 samples averaging > 0.05 % U3O8 (see Table 1 for individual sample results). Individual results in duplicate samples were sometimes quite variable, possibly due to a "nugget affect" in the samples. This is being addressed by the laboratory; however, it is obvious that this radioactive zone carries significant uranium mineralization. The zone remains open in all directions.

The host rock is a felsic intrusive which has been brecciated and fractured with red earthy hematite and a grey mineral, possibly uraninite, associated with fractures. Uranophane, a yellow alteration product of uranium, has been tentatively identified in the field.

Analyses were performed by Activation Laboratories in Ancaster, Ontario, an approved, accredited laboratory, using the delayed neutron activation technique, which gives good results for samples carrying up to 1 % U.
Follow up on this target will consist of prospecting, gridding, soil and humus geochemistry, ground scintillometer surveys, geological mapping, hand trenching and channel sampling to prepare for a drilling program planned for winter 2007.

The CMBNW block is part of the Silver Spruce/Universal Uranium Ltd. (TSXV:UUL) CMB/Seal Lake joint venture previously announced. Under the terms of this agreement, Universal Uranium can earn a 60-percent interest in the properties by spending $2-million on exploration over a three year period with Silver Spruce acting as the operator during the earn-in period.

This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.

ABOUT SILVER SPRUCE
Silver Spruce Resources Inc. (TSXV: SSE) is a junior mining exploration company primarily focused on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. With over 5,000 claims totalling more than 1,250 square kilometres, Silver Spruce is the second largest land holder in one of the world's premier emerging uranium districts. In the 12 months commencing summer 2006, Silver Spruce is planning a large scale exploration program on its CMB and area properties at a cost of more than $2 million. With experienced development partners and strong financial backing, Silver Spruce is emerging as a leading uranium explorer in central Labrador.

This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, who is the Qualified Person (QP) as defined in National Instrument 43-101.

On behalf of the Board of Directors, Gordon Barnhill, CFO and Director.

FOR FURTHER INFORMATION, CONTACT:

HEAD OFFICE
Gordon Barnhill, CFO & Director
Phone: 902.527.5700
Fax: 902.527.5711
E-mail: gbarnhill@sse-tsx.com
Web: www.silverspruceresouces.com

INVESTOR RELATIONS
Keir Reynolds, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 231
Toll Free: 1.866.684.4743 ext. 231
E-mail: keir@ascentacapital.com
Web: www.ascentacapital.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release. The company seeks safe harbour.

Analyte Symbol U U3O8 U U3O8  
Unit Symbol ppm ppm ppm ppm  
Detection Limit 0.1 (U x 1.1792) 0.1 (U x 1.1792) Average
Analysis Method DNC   DNC   U3O8 (%)
Sample Number 2nd 2nd 1st 1st  
TT-01 1070 1262 140 165 0.071
TT-02 76 89 958 1130 0.061
TT-03 435 513 970 1144 0.083
TT-04 63 74 51 60 0.007
TT-05 2360 2783 136 160 0.147
TT-06 79 94 59 70 0.008
2003 595 702 410 483 0.059
2006 ns ns >1500 > 1769 0.177
2007 2150 2535 >1500 > 1769 0.215
2008 79 94 69 81 0.009
2009 279 329 324 382 0.036
2010 296 349 160 189 0.027
2011 475 560 230 271 0.042
2012 522 616 712 840 0.073
2013 867 1022 662 781 0.090
2014 ns ns 13 15 0.002
2015 1330 1568 692 816 0.119
2016 430 507 ns ns 0.051
2017 45 53 ns ns 0.005
2021A 124 146 ns ns 0.015
2021B 376 443 ns ns 0.044
2022 15 18 ns ns 0.002
20U0627073 SN 0002 ns ns 1080 1274 0.127
average value 583 688 370 437  

Note: NS means no sample; 2 samples (2006, 2007) > 1500 ppm are pending final analyse

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