Silver Sprute

Silver Sprute

May 10, 2007 12:20 ET

Spruce Ridge to Commence Drilling Newfoundland Uranium Properties

    NORFOLK COUNTY, ON, May 10  - Spruce Ridge Resources Ltd.
(SHL:TSX- V) is pleased to announce that it has signed a drilling contract for
3,100 metres of diamond drilling on its North Brook and Turner's Ridge uranium
properties in Western Newfoundland. The anticipated start date for drilling is
May 22, 2007.

    North Brook Property - Deer Lake Basin
    The North Brook exploration program will include up to 2,100 meters of
drilling. The drilling will test the anomalous radioactivity which was located
over a length of 798 metres in intermittent outcrops in the banks of North
Brook (see news releases dated October 25th and November 1st, 2006).
Radiometric readings over the mineralized area ranged from 6 to more than 100
times background. Seven samples which were assayed by the Saskatchewan
Research Council contained .078% to 3.73% U(3)O(8) (equivalent to 1.6 lbs/ton
to 74.6 lbs/ton). The near surface mineralization occurs in a 1 metre thick
band of grey, flat-lying sediment with pyrite and chalcopyrite. The outcrop
samples collected from the riverbank are weathered and may have experienced
depletion of some of their original uranium content by leaching.
    Spruce Ridge's land holdings in the Deer Lake Basin consist of 2,174
claims or 55,350 hectares.

    Determination Zone - Turner's Ridge
    The Turner's Ridge exploration program will include up to 1,000 metres of
drilling. The Determination Zone was found in outcrop over an area of 110
metres by 22 metres during follow-up of radiometric anomalies located by an
airborne magnetic/EM/gamma-ray spectrometer survey flown in the summer of
2006. Eleven samples returned assay results from 0.043% to 0.274% U(3)O(8),
with an average of 0.156% U(3)O(8) or 3.12 lbs/ton (see news release dated
January 9th, 2007). Anomalous gold and nickel values are associated with the
mineralization. The host rock appears to be a felsic pyroclastic rock affected
by intense clay alteration. The principal alteration mineral has been
identified by reflectance spectroscopy as illite which is one of the commonest
alteration minerals associated with unconformity-related uranium
mineralization in the Athabasca Basin of Saskatchewan. The discovery of the
Determination Zone has shown this structural corridor to be prospective for
uranium mineralization in pre-Carboniferous basement rocks, possibly related
to the Carboniferous unconformity.
    The mineralization was found in pre-Carboniferous basement rocks at the
northern margin of the Deer Lake Basin. It occurs in a wedge-shaped area
between two fault structures: the Douceurs Valley fault and the Wigwam fault.
The airborne magnetic survey shows offsets of nearby magnetic units suggesting
the existence of an east-north easterly trending cross-fault. The
Determination Zone lies approximately 26 kilometres north of Altius
Minerals/JNR Resources property where there are high grade uranium-silver-gold
bearing boulders.
    Spruce Ridge's land holdings at Turner's Ridge consist of 809 claims or
20,225 hectares.

    Technical information in this news release has been compiled by Colin
Bowdidge, Ph.D., P.Geo., a director of the company and the company's Qualified
Person as defined in NI 43-101.

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

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