Silvio Ventures Inc.

July 08, 2008 08:00 ET

Silvio Acquires Third Gold Project in Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 8, 2008) - Silvio Ventures Inc. ("Silvio") (NEX:SIV.H) has entered into an option agreement to acquire 100% of the South Lida exploration project located in Nevada from Sirius Exploration, LLC ("Sirius") of Elko, Nevada. As consideration for the mineral property, Silvio will issue up to 500,000 shares of Silvio over three years, subject to regulatory approval. Pursuant to a March 7, 2008 (see March 10, 2008 press release) agreement, Sirius will act as operator of the project.

"This is another example of the high quality projects available for acquisition through our professional relationship with Sirius Exploration LLC. Silvio continues its mission to acquire, through staking, properties such as South Lida with a primary focus in Nevada and the western United States," commented Bill Radvak, Chairman and CEO of Silvio.

About South Lida, Esmeralda County, Nevada

The South Lida property is located 22 miles southwest of Goldfield, Nevada along the southern extension of the Walker Lane Trend, Esmeralda County, Nevada. To date a total of 100 claims (approximately 2,000 acres) have been staked over the property area and 75 rock chip samples have been collected and assayed. Of the 75 samples 40 contained gold between 0.01 opt (ounce per ton) and 0.321 opt with 15 of those samples containing gold between 0.05 opt and 0.321 opt. In addition, 1,322 soil samples have been collected and are presently being assayed by ALS Chemex. Target generation will begin once the soil results have been received; additional follow-up rock chip sampling and current geologic mapping is completed.

About Silvio Ventures Inc.

Silvio Ventures Inc. is a Canadian-based mineral exploration and development company focused in the western United States, primarily Nevada. Silvio will also be opportunistic in evaluating precious and base metal properties around the world with an interest in participating in any project that will increase shareholder value.

With Sirius Exploration and its two principals, Curt Everson and Eric Saderholm acting as our technical partners, our goal is to become a successful mining company through aggressive exploration and acquisition initiatives.

William J. Radvak, President & CEO

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy of this release.

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