Silver Spruce Resources Inc.
TSX VENTURE : SSE
FRANKFURT : S6Q

Silver Spruce Resources Inc.

May 05, 2008 12:29 ET

Silver Spruce Resources Inc.-Annual Options

BRIDGEWATER, NOVA SCOTIA--(Marketwire - May 5, 2008) - Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) announced the issuance on Friday, May 2, 2008 of 2,920,000 incentive stock options for 2,920,000 shares to directors, officers, consultants and employees of the Corporation. The options were issued at a price of 35 cents per share, are exercisable for a period of five years, ending on May 2, 2013, and are subject to the requirements of the TSX Venture Exchange.

ABOUT SILVER SPRUCE

Silver Spruce Resources Inc. (TSX VENTURE:SSE) is a junior exploration company focused on uranium in the Central Mineral Belt (CMB) of Labrador, Canada and gold/silver in Mexico. With interests in approximately 11,000 claims totaling more than 2,500 square kilometers in Labrador, Silver Spruce Resources Inc. is the second largest landholder in one of the world's premier emerging uranium districts. The exposure to gold/silver opportunities in Mexico and base metals in central Newfoundland, gives Silver Spruce Resources Inc. some diversification without losing its uranium focus. Strong financial backing makes Silver Spruce Resources Inc. a leading uranium explorer in Canada.

The Corporation seeks Safe Harbour.

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

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