Silver Pursuit Resources Ltd.
TSX VENTURE : SPF

Silver Pursuit Resources Ltd.

August 10, 2011 16:33 ET

Silver Pursuit Amends La Tuna Agreement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 10, 2011) - Silver Pursuit Resources Ltd. (TSX VENTURE:SPF) ("Silver Pursuit" or the "Company") and its wholly owned subsidiary First Pursuit Ventures de Mexico, S.A. de C.V. ("FPV Mexico") have amended its agreement originally signed on May 9, 2009 with the vendor for the La Tuna Property located in Sonora, Mexico (the "Amendment Agreement").

Subject to the TSX Venture Exchange approval, the parties agree that the obligation for FPV Mexico to pay USD 75,000 plus any taxes to the vendor on or before the second anniversary of the execution of the Exploration Agreement be amended wherein FPV Mexico may instead pay to the vendor 200,000 common shares in the capital stock of the Company.

All other terms and conditions of the Exploration Agreement shall continue to have the same effect and force as though the parties had not entered into this Amendment Agreement.

ON BEHALF OF SILVER PURSUIT RESOURCES LTD.

Terry Fields, President and Director

Neither the 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.

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