The Silver Recycling Company Inc.
TSX VENTURE : TSR

The Silver Recycling Company Inc.

July 02, 2008 09:00 ET

The Silver Recycling Company Enters Standstill Agreement With Potential Acquisition Target

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 2, 2008) - The Silver Recycling Company Inc. (TSX VENTURE:TSR) ("Silver Recycling") is pleased to announce that it has entered into a standstill agreement to evaluate a possible acquisition target as part of Silver Recycling's consolidation growth strategy. The target company is a United States based silver scrap refiner.

During the two month standstill period (with the right to an additional four month extension), Silver Recycling has the exclusive right to undertake due diligence with the target. There is no guarantee that the due diligence results will be satisfactory or that acceptable terms of an acquisition may be negotiated with the target's owners.

Entering this standstill agreement is consistent with Silver Recycling's growth strategy to identify and review candidate companies within the precious metals recycling industry for potential acquisition and integration. Silver Recycling remains in discussions with other candidates for future potential transactions.

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. 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 www.silver-recycling.com.

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

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