Option To Acquire The Page Mine And Surrounding Prospective Landholdings In Silver Valley, Idaho

VANCOUVER - Silver Valley Metals reported the signing of an option to acquire the Page Mine and specifically, the prolific Tony Vein, along with a prospective land package rich in exploration potential. The project is contiguous to the west and south of the Company's Ranger-Page Project which consolidates for the first time under one operator the western end of the Silver Valley's mining corridor. The Page Mine and area comprise 49 patented mining claims totaling 802 hectares located approximately 60 kilometers east of Coeur d'Alene, Idaho. The claim package triples the size of the Company's Silver Valley project area.

President and CEO Brandon Rook, said, "The option to acquire the Page Mine and its surrounding land package is a significant transaction for Silver Valley at this beginning stage of the Company's growth. With this minimal dilutive transaction, the Company can apply its cash resources into exploration focusing on both projects as one. With shared underground infrastructure connecting the Page Mine with the five shallower mines on our neighboring Ranger-Page project the Company will strategize an exploration plan that will target the nearer surface mineralization on the eastern end of the project (Crown Point, Ranger, Wyoming) with the mineralization at Blackhawk (350 meters below elevation) located in the central area of the project and westward to the deeper Tony Vein historical resources at the Page Mine. This is notwithstanding the potential of new discoveries as the entire project area has never had modern geological exploration applied to it."

The Page Mine operated from 1916-1917 and from 1926 to 1969, closing because of a devastating fire and following that, was never re-opened due to the closure of the area because of the Superfund. Prior environmental issues have now been resolved and the area is once again open for exploration and mining.

Formerly owned by American Smelting & Refining Company LLC ("ASARCO"), the Tony Vein was mined to a vertical extent of 2,644 feet (3400 level). The Page Mine produced approximately 1.1 billion pounds of zinc and lead and 14.6 million ounces of silver. Page ranks as one of the top ten producers in the Coeur d'Alene Mining District. ASARCO geologists have surmised that the Tony Vein at the Page Mine was well mineralized at the 3400 level and remains open at depth.