Silvore Fox Minerals Corp.

Silvore Fox Minerals Corp.

February 14, 2011 17:00 ET

Silvore Fox Announces Preliminary Results of 435 Line Kilometer Airborne Survey and Grant of Options

HALIFAX, NOVA SCOTIA--(Marketwire - Feb. 14, 2011) - Silvore Fox Minerals Corp. (TSX VENTURE:SFX) is pleased to announce that it has recently completed a high-resolution helicopter-borne 435 line kilometer geophysical survey over their 100% owned Coxheath Claims near Sydney, Nova Scotia. The survey, carried out by Aeroquest International, employed the proprietary high-powered, multi-component AeroTEM IV time domain EM system, a high-sensitivity caesium vapour magnetometer, and Aeroquest's Airborne Gamma Ray Spectrometer. The survey products have been delivered and a preliminary review of the results undertaken.

The primary target that the AeroTEM system has detected is a one-kilometer long conductor, potentially indicating sulphides situated along a magnetically defined NE-SW lithological contact transected by interpreted NW -SE oriented faulting. This target is undergoing a detailed analysis to interpret the source. In addition, an in-depth analysis of all of the EM data will be carried out to determine whether other more subtle bedrock EM responses can be extracted from the survey.

The independent magnetic and gamma ray spectrometer systems have provided a great deal of lithological and structural information that will be analyzed and integrated with ground truth. Once the survey interpretation has been completed, and an exploration plan decided upon, information concerning the target areas and their exploration will be released to the public.

The airborne survey planning was supervised by Chris Vaughan, President and Chief Geophysicist of CGI Controlled Geophysics Inc. Mr. Vaughan also performed quality assurance and control for the survey and the delivered products. Mr. Francis (Frank) L. Jagodits, PEng., Consulting Geophysicist has been engaged to review the survey products and undertake a detailed interpretation. Mr. Francis (Frank) L. Jagodits, P.Eng.a qualified person as defined by National Instrument 43-101, has approved the technical information contained in this news release.

The President of Silvore Fox Minerals Corp., Mr. Harold J. Cabrita, states, "The results from this airborne geophysical survey wrap up a very busy and productive 2010 exploration program for Silvore Fox. We had some good results from our 2,550 metres of drilling in Coxheath, which we announced on January 18, and this data from the airborne survey should help our geological team to refine our targets going forward as we integrate this new information with the truth from the ground from our drilling and trenching programs. The geological team from Beijing Donia has been providing exceptional technical support to Silvore Fox in analyzing this data towards helping us develop our 2011 exploration plan. The Directors and Management of Silvore Fox are committed to growing the company and creating shareholder value. We expect to continue taking positive steps toward that goal in 2011."

Silvore Fox Minerals Corp. also announces that it has granted to a director and an employee of the Corporation options to purchase a total of 1,100,000 Common Shares at an exercise price of $0.10 per share, which options will expire on February 13, 2016.

About Silvore Fox Minerals Corp.

Silvore Fox Minerals Corp. is a Bedford, Nova Scotia, Canada based public mineral exploration company with 100% mineral rights to the claims at Coxheath, Cape Breton Island, Nova Scotia (known as the 'Coxheath Deposit'). On November 17th, 2010, Silvore Fox entered into a Strategic Agreement with Beijing Donia Resources at the China International Mining Conference, 2010. Donia is the parent company of Sino Minerals Corp., which currently owns 40.27% of the Corporation. These strategic partnerships provide the Corporation with a strong platform for growth through mineral exploration expertise, funding and strategic acquisitions. SFX has an experienced management and geological team.

Harry Cabrita

President and CEO

Dr. Jingbin Wang


This announcement contains forward-looking information and forward-looking statements (collectively "forward-looking information") under applicable securities laws, relating, but not limited to the Corporation‟s expectations, intensions, plans and beliefs. Forward-looking information can often be identified by forward-looking words such as „anticipate‟, „believe‟, „expect‟, „goal‟, „plan‟, „intend‟, „estimate‟, „may‟ and „will‟ or similar words suggesting future outcomes or other expectations including with respect to carrying out the analysis of all of the EM data and the completing the survey interpretation and the exploration plan. Such forward-looking information is based on current expectations that involve a number of known and unknown risks and uncertainties that may cause actual results to differ materially from those expressed or implied by the forward-looking information. Factors that could cause actual results to differ materially from any forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, delays in the development of projects, uncertainties relating to the interpretation of the geology, and unanticipated operational or technical difficulties and other factors. Such forward-looking information is based on a number of assumptions, including but not limited to, the availability of skilled labour, availability of equipment, and future capital and operating costs. Should one or more risks and uncertainties materialize or should any assumptions prove incorrect, then actual results could vary materially from those expressed or implied in the forward-looking information and accordingly, readers are cautioned not to place undue reliance on this forward-looking information. The Corporation does not assume the obligation to revise or update this forward-looking information after the date of this announcement or to revise such information to reflect the occurrence of future unanticipated events, except as may be required under applicable securities laws.


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