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

Silver Spruce Resources Inc.

June 29, 2015 15:13 ET

Silver Spruce Resources Reports Additions to Its Board and Audit Committee

BRIDGEWATER, NOVA SCOTIA--(Marketwired - June 29, 2015) - The Chair of Silver Spruce Resources ("Silver Spruce" or the "Company") (TSX VENTURE:SSE)(FRANKFURT:S6Q), Mr. William A. MacPherson, B.Sc., P.Eng. (Ret'd), a mining executive and recognized geologist with over 50 years of experience in all facets of the mining industry (see Press Release dated June 11, 2015), is pleased to announce the appointment of two new board members:

Dr. Brian Penney, Ph.D., DIC, P.Eng. Brian has extensive experience in guiding early stage companies, both as CEO and chairman. Recent positions include founding CEO of Tara in Halifax; Chairman and CEO of Abrideanin Halifax; Chairman of Intertainment Media Inc., a TSX-V public company in Toronto; CEO and Chairman of e-djuster Inc. in Ottawa. He has been a board member of several government and academic-industry boards as well including the Communications Research Centre and CANARIE. Earlier in his career he held various research and academic positions in physics and in computing science and worked as a software engineer, system architect and development manager at Dell Northern Research and other companies in the telecommunications industry. Brian holds a Ph.D. in high energy nuclear physics from Imperial College of Science & Technology, University of London and is a professional engineer. Dr. Penney has also agreed to sit as Chair of the Company's audit committee.

Mr. Art Brown has over 30 years of business experience. Initially involved as a sales agent and then owner/operator of business technology and computer system businesses - Mr. Brown's experience in running these private companies prepared him well for making the transition to becoming a public company director 25 years ago. Mr. Brown has served on the Board of Directors of eight companies in total, ranging from technology to mineral exploration and including oil and gas. Mr. Brown understands very well all of the needs and requirements a public company needs to operate successfully. This knowledge and experience has been translated into many successful public market financings for the various companies he has been involved with. Mr. Brown has also agreed to be a member of Silver Spruce's audit committee. Mr. Brown is the Chair of Maxim Resources Inc.

Silver Spruce welcomes Dr. Penney and Art Brown to its Board of Directors.

About Silver Spruce Resources Inc.

Silver Spruce is a junior exploration company with a diverse portfolio of uranium and rare earth element prospects in Labrador and a history of gold exploration in Newfoundland Labrador and in Mexico. Shareholders and other interested parties can view the Company's Information Circular and financial statements on www.sedar.com or on our website at www.silverspruceresources.com. 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. The company seeks Safe Harbour.

Contact Information