The Silver Recycling Company Inc.

The Silver Recycling Company Inc.

October 09, 2008 13:01 ET

The Silver Recycling Company Announces Engagement of CPM Group of New York as Financial Advisor

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 9, 2008) - The Silver Recycling Company Inc. (TSX VENTURE:TSR) ("Silver Recycling") is pleased to announce that it has hired CPM Group as financial advisor to assist in future capital raises of the Company.

As financial advisor, CPM Group will assist the Company in structuring financing and sourcing new capital to continue the Company's growth strategy. CPM Group will also advise the Company in developing and enhancing its commodity price risk management program. CPM's activities will also include assistance in conveying the key aspects of the Company's business plan to the investment community beyond the Company's existing investor base in North America.

"Having the advice and support of a prestigious firm like CPM to advise Silver Recycling will allow us to move forward with our business strategy in an efficient and accelerated manner in the current capital markets" says Don Holmstrom CA President and CEO.

About 'The Silver Recycling Company Inc.'

Silver Recycling is a consolidator of privately owned silver and other precious metals recycling companies and recently closed the acquisition of two companies in Pennsylvania as announced in the news release of May 28, 2008 and the execution of a letter of intent for a second acquisition on July 22, 2008. Silver Recycling is continuing to review other candidate companies within the precious metals recycling industry for acquisition and integration in alignment with the Company's business strategy. Information about Silver Recycling is available on their website

About 'CPM Group'

CPM Group, based in New York, is a research-driven financial advisory firm focused on commodities with a particular expertise in precious metals. The firm has been operating in these markets for over twenty years and is pleased to be working with The Silver Recycling Company Inc., a company and business model known to CPM since the inception of the Company. Further information about CPM Group is available on their website

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

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