Silver Spruce Resources Inc.
TSX VENTURE : SSE

Silver Spruce Resources Inc.

June 20, 2011 16:15 ET

Silver Spruce Resources Inc.: Grant of Stock Options

BRIDGEWATER, NOVA SCOTIA--(Marketwire - June 20, 2011) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION VIA U.S. NEWSWIRE

Silver Spruce Resources Inc. (TSX VENTURE:SSE) ("Silver Spruce") has granted 1,450,000 stock options with an exercise price of 30 cents per share to Lloyd Hillier former President and CEO. These options shall expire on June 15, 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, RWM and the Straits and gold/silver projects on the island of Newfoundland.

The Corporation seeks Safe Harbour.

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.

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