Strongbox Property Recent Exploration Program

VANCOUVER - Silver Range Resources Ltd. reported on the recent exploration program at the Strongbox Property in Esmeralda County, NV. At Strongbox, a soil geochemical survey was conducted on a 2,220 m by 600 m grid centered on the known bedrock mineralization in Tule Canyon. West of Tule Canyon, the survey identified numerous anomalies greater than 100 ppb Au with peak analysis of 4,290 ppb Au (4.29 g/t gold) in regions of thin colluvium and alluvium. The highest sample in the survey was collected in an area where float grab samples returned up to 5.60 g/t Au. The survey delineated a number of targets for follow-up trenching and suggests that bedrock gold mineralization west of Tule Canyon is much more widespread than the gold mineralization located to date. Rock sampling conducted concurrently with the soil survey returned up to 5.69 g/t Au from the best of four samples collected on the west grid.

Grab samples from these veins and float have returned up to 27.6 g/t Au and a chip sample returned 0.30 m @ 5.25 g/t Au. Where vein density is sufficiently high, wider lower grade intervals of mineralization may develop.

A total of 511 soil samples were collected of which 12 returned analyses greater than 100 ppb Au and 46 returned analyses greater than 20 ppb Au. Samples from Strongbox were secured and transported under chain of custody to ALS Minerals facilities in Reno, Nevada for sample preparation and analysis. At the laboratory, soil samples were screened to -180 mm and a 50 g aliquot was analyzed for 41 elements with induced coupled plasma mass spectrometry (ICP-MS). ALS documents a 0.1 ppb Au detection limit for this technique. Overlimit soil samples (> 1.00 ppm Au) were re-analyzed with ALS procedure Au-AROR44. Rock samples were analyzed by Ultra-Trace Aqua Regia ICP-MS (ME-MS41) and fire assayed for gold (50 g sample) (Au-AA26).