Silvio Ventures Inc.

March 10, 2008 08:00 ET

Silvio Acquires Two Gold Projects in Nevada

Sirius Exploration of Nevada joins Silvio as Technical Partner

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 10, 2008) - Silvio Ventures Inc. ("Silvio") (NEX:SIV.H) has entered into an option agreement to acquire 100% of the Meridian Ridge and Bombardier exploration projects located in Nevada from Sirius Exploration, LLC ("Sirius") of Elko, Nevada. As consideration for each of the mineral properties, Silvio will pay Sirius US$25,000 and issue up to 500,000 shares of Silvio over three years, subject to regulatory approval. Pursuant to the agreement, Sirius will act as operator of the projects and has granted Silvio a first right of negotiation with respect to properties investigated for acquisition.

"This is a tremendous step forward for Silvio in its new mission to become a leading mineral exploration and development company with a primary focus in Nevada and the western United States," commented Bill Radvak, Chairman & CEO of Silvio. "In addition to acquiring 100% of two highly prospective gold projects, we have teamed up the principals of Sirius, Curt Everson and Eric Saderholm, who each have more than 25 years experience in this field and have both individually, and as part of exploration teams, found millions of ounces of gold. Silvio will benefit by having Curt and Eric directing the exploration of the projects, and importantly we will be working hand in hand with them to continue to build a portfolio of valuable mineral properties."

The Directors have granted stock options on 200,000 shares of the Company's capital stock, exercisable for up to five years at a price of $0.55 per share pursuant to a director approved Stock Option Plan. The options granted will be subject to applicable regulatory approvals and hold periods.

About Sirius

Sirius Exploration LLC is owned and operated by Curt Everson and Eric Saderholm who both recently left Vice President positions at US Gold Corporation. The mission of Sirius Exploration is to aggressively explore new and emerging trends and mineral occurrences in western North America, primarily Nevada. Their extensive presence in the minerals community bridges true greenfields exploration with discovery, project modeling, metallurgical testing, development, feasibility studies and operating mines.

Curt Everson has over thirty years of experience in the mineral exploration industry and has developed, coordinated and implemented successful exploration programs in the Mid-continent, Western United States and Peru. Recently Mr. Everson was Vice President of Exploration for US Gold from 2007 to early 2008. Mr. Everson was Co-founder and President of Nevada Pacific Gold (U.S.) from 1997 to 2007 which was later acquired by US Gold Corporation. Mr. Everson earlier worked at both Gold Fields Mining and Santa Fe Pacific Gold.

Mr. Eric Saderholm has over 25 years of experience in the minerals industry with leadership in exploration, project development, property management and mining. He has been integral to geologic teams that added over 18 million ounces of gold to reserve bases in Nevada, Washington and Peru. Mr. Saderholm was Vice President, Project Development at US Gold from August 2006 until early 2008. Prior to that position, he was at Newmont Mining Corp. for 10 years where his final position was Carlin Trend Exploration Manager, Regional Geologist. At Newmont, he also held the positions of Chief Geologist at the Phoenix Mine, Lone Tree Complex and Mule Canyon Mine, all located in Nevada as well as Project Manager, Grupo Carachugo, Peru.

About Meridian Ridge, White Pine County, Nevada

The Meridian Ridge property is located 30 miles southeast of Eureka, Nevada along the southern extension of the Battle Mountain/Eureka Trend in the northern end of Railroad Valley, White Pine County, Nevada. The Meridian Ridge area lies approximately one mile southwest of the previously mined Nighthawk Ridge deposit (Easy Junior), which was reported to contain a mineable geologic reserve of 176,500 ounces of gold in July of 1989.

During 1984-1985, Santa Fe Minerals drilled 16 holes in the Easy Junior area of which several were on the north end of Meridian Ridge. Santa Fe encountered narrow intercepts of gold mineralization with the best hole containing 45 feet of 0.059 ounces per ton. Recent re-evaluation of the area shows the potential for additional gold mineralization to exist south of the Easy Junior area where the feeder fault intersects additional favorable host rocks. Jasperoid development (silicification) and brecciation along this feeder fault extends for over three miles within the Meridian Ridge claim block. Limited historical exploration has been done in this area.

About Bombardier, Mineral County, Nevada

The Bombardier Project is located 150 miles southeast of Reno, Nevada near the southeastern corner of the Santa Fe Mining District. This district was discovered in 1879 and was mined for silver until World War I and produced more than $1,800,000 in copper during this same time period. Reconnaissance exploration by Sirius has shown this property to contain potential copper/gold mineralization associated with a porphyry skarn similar to Newmont's Phoenix deposit and other gold skarns located throughout the western United States.

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 and opportunistic exploration and acquisition initiatives.

William J. Radvak, Chairman & CEO

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

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