Mr. Michael Power reports

3D INDUCED POLARIZATION SURVEY IDENTIFIES A LARGE DRILL TARGET AT EAST GOLDFIELD

Silver Range Resources Ltd. has released results from a three-dimensional induced polarization and resistivity (3-D IP) survey at the East Goldfield property in Nye county, Nevada.

The 3-D IP survey was conducted over the western portion of the East Goldfield property and identified a large zone of elevated chargeability associated with surface lithocap and ledge-style epithermal high-sulphidation mineralization. This anomaly is interpreted to define the limits of a high-sulphidation cell and includes the historic Tom Keane mine and a drill target defined by historic drilling in the immediate mine area.

Embedded within the broader anomaly is a higher-chargeability core defined by inverted chargeability in excess of 6.5 millivolts per volt. This core target is 1,200 metres long and up to 700 metres wide, occurs at an average depth below surface of about 150 metres, and is open at depth. Within the core target are steeply dipping zones of coincident elevated chargeability and resistivity that may pinpoint critical high-sulphidation feeder zones, known to host higher-grade gold mineralization in high-sulphidation systems.

The core target is northwest of the Tom Keane mine and its associated drill target. It occurs in faulted and intensely alunite-altered pyroclastic rocks of the Milltown andesite. This formation hosts high-grade high-sulphidation gold mineralization at the Goldfield Main district, eight kilometres to the west along a common structural corridor. Silver Range intends to design and permit a drill program to test the core target.

The 3-D IP survey was conducted by Big Sky Geophysics of Bozeman, Mont. The survey was conducted in the time domain using an expanding pole-dipole array and employing 50-metre receiving dipoles, read to the 10th separation. The survey covered 28 line kilometres along lines spaced 300 metres apart orthogonal to geologic strike and an additional three line kilometres along a detail line sited along the axis of the core zone described above. Results were inverted in both two and three dimensions using RES2DINV and RES3DINV software. The inverted chargeability and resistivity results are considered reliable to depths ranging from 250 to 500 metres below surface depending upon source-body geometry.

About Silver Range Resources Ltd.

Technical information in this news release has been approved by Mike Power, MSc, CPG, president and chief executive officer of Silver Range Resources and a qualified person for the purposes of National Instrument 43-101.

Silver Range is a precious metals prospect generator working in the southwestern United States and Northern Canada. It has assembled a portfolio of 34 properties, 14 of which are currently optioned to others, and also retains eight royalty interests on previously vended projects. Silver Range is actively seeking other joint venture partners to explore the high-grade precious metals targets in its portfolio.

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