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February 12, 2009
Silver Spruce Announces Stock Options

February 12, 2008 - Bridgewater, NS - Silver Spruce Resources Inc. (TSXV: SSE) is pleased to announce the issuance of 2,490,000 incentive stock options to directors, officers, and employees of the corporation. The options were issued at a price of $0.15 cents per share and are exercisable for a period of five years, ending on February 10, 2014, and are subject to the requirements of the TSX Venture Exchange.

Silver Spruce is a junior exploration company with precious and base metal projects such as the Centauro gold/silver project in Mexico, the Calvin's Landing gold project in central Newfoundland and two base metal projects in central and western Newfoundland. Originally focused on uranium in the Central Mineral Belt (CMB) of Labrador ,Canada, Silver Spruce's interest in more then 10,000 claims totaling more the 2,500 square kilometres, makes the company the second largest landholder in one of the world's premier emerging uranium districts where it is well positioned to take advantage of a resurgence in uranium prices. Strong financial backing makes Silver Spruce a leading explorer in Canada and Mexico.

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 company seeks Safe Harbour.

You can view the Next News item: Thu Apr 16, 2009, Silver Spruce Reports Results of 2008 Regional Exploration Central Mineral Belt (East) Properties, Labrador

You can view the Previous News item: Tue Jan 20, 2009, Final Drill Results Received from Centauro Project

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