|January 19, 2011|
Grant of Stock Options
Bridgewater, Nova Scotia -- January 19, 2011- Silver Spruce Resources Inc. (TSXV: SSE) Silver Spruce Resources Inc. ("Silver Spruce") announces that it has granted 2,000,000 stock options with an exercise price of 30 cents per share to directors and employees of the company. These options expire on January 18, 2016 if not exercised prior to that date. The issuance of the options is subject to all necessary approvals by the TSX Venture Exchange.
ABOUT SILVER SPRUCE
Silver Spruce is a junior exploration company originally focused on uranium in the Central Mineral Belt (CMB) and elsewhere in Labrador, Canada. With interests in more than 4,000 claims totaling more than 1,000 square kilometers in Labrador, Silver Spruce is one of the largest landholders in one of the world's premier emerging uranium districts.
The company also has rare earth element (REE) properties in Labrador - Pope's Hill, where drilling is planned in early winter 2011, RWM and the Straits and gold/silver projects, Rambler South and Big Easy, on the island of Newfoundland.
For Further Information Contact:
SILVER SPRUCE RESOURCES
Gordon Barnhill, CFO & Director
Hugh Oswald, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 243
Toll Free: 1.866.684.4743 ext. 243
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The Corporation seeks Safe Harbour.
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION VIA U.S. NEWSWIRE
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