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May 05, 2008
Silver Spruce Resources Inc. - Annual Options

May 5, 2008 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) announced the issuance on Friday, May 2, 2008 of 2,920,000 incentive stock options for 2,920,000 shares to directors, officers, consultants and employees of the Corporation. The options were issued at a price of 35 cents per share, are exercisable for a period of five years, ending on May 2, 2013, and are subject to the requirements of the TSX Venture Exchange.

Silver Spruce Resources Inc. (TSXV: SSE) is a junior exploration company focused on uranium in the Central Mineral Belt (CMB) of Labrador, Canada and gold/silver in Mexico. With interests in approximately 11,000 claims totaling more than 2,500 square kilometers in Labrador, Silver Spruce Resources Inc. is the second largest landholder in one of the world's premier emerging uranium districts. The exposure to gold/silver opportunities in Mexico and base metals in central Newfoundland, gives Silver Spruce Resources Inc. some diversification without losing its uranium focus. Strong financial backing makes Silver Spruce Resources Inc. a leading uranium explorer in Canada.

For Further Information Contact:

Gordon Barnhill, CFO & Director
Phone: 902.527.5700
Fax: 902.527.5711
E-mail: gbarnhill@silverspruceresources.com
Web: www.silverspruceresources.com

Hugh Oswald, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 243
Toll Free: 1.866.684.4743 ext. 243
E-mail: hugh@ascentacapital.com
Web: www.ascentacapital.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy
of this release.

The Corporation seeks Safe Harbour.

You can view the Next News item: Tue May 13, 2008, Drilling Begins on the Centauro Gold-Silver Property, Chihuahua State, Mexico

You can view the Previous News item: Tue Apr 29, 2008, Silver Spruce Resources Inc. and Universal Uranium Ltd. Announce an Initial Mineral Resource Estimate at the Two Time Zone

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