|February 26, 2007|
Silver Spruce Resources Signs Investor Relations Agreement with Longview Capital Partners
Vancouver, B.C. February 26, 2007 -- Silver Spruce Resources Inc. (TSX.V: SSE ) is pleased to announce that it has retained Longview Capital Partners Incorporated ("Longview Capital Partners"), a Vancouver-based firm with a focus on natural resources, renewable energies and related technologies, to provide Silver Spruce with investor relation services.
Longview Capital Partners is a merchant bank listed on the TSX Venture Exchange (TSX-V: LV). Longview Capital Partners provides comprehensive corporate finance and investor relations services, and will assist Silver Spruce in fostering productive, continuing dialogues with analysts, brokers, potential investors, current shareholders and other financial professionals. Other clients of Longview's Investor Relations services include Bayswater Uranium Corporation (TSX.V: BAY), Buffalo Gold Ltd. (TSX.V: BUF-U), MacArthur Minerals Ltd. (TSX.V: MMS), and Oriental Minerals Inc. (TSX.V: OTL).
The investor relations agreement with Longview shall have a term ending on February 28 2008, renewable at the option of the parties. As consideration, Longview will receive $7,500 per month and be granted options to purchase 200,000 common shares of the capital stock in the Company at a price of $0.65 per share for a period of five years with vesting in equal amounts on a quarterly basis over the first year of the option term. The agreement is subject to the approval of the TSX Venture Exchange.
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. (TSXV: SSE) is a junior mining exploration company focused primarily on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. With over 8,551 claims totaling more than 2,100 square kilometers, Silver Spruce is the second largest landholder in one of the world's premier emerging uranium districts. Silver Spruce owns approximately 3,000 of the claims 100 percent while approximately 5,500 are joint ventured. A large-scale exploration program on the Company's properties in Labrador began in the summer of 2006; results have been encouraging with the first uranium discovery occurring in October. With strong financial backing, Silver Spruce is emerging as a leading uranium explorer in Labrador.
On behalf of the Board of:
For Further Information Contact:
SILVER SPRUCE RESOURCES
Gordon Barnhill, CFO & Director
Keir Reynolds, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 231
Toll Free: 1.866.684.4743 ext. 231
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. The Company seeks Safe Harbour.
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