Mr. Mark McLeary reports

SILVER SUN ANNOUNCES $1,200,000 NON-BROKERED PRIVATE PLACEMENT

Silver Sun Resource Corp. has commenced a non-brokered private placement offering of up to 10 million units at a price of 12 cents per unit for gross proceeds of up to $1.2-million. Under the terms of the offering, each unit will consist of one common share in the capital of the company and one non-transferable common share purchase warrant. Each warrant shall entitle the holder to purchase one additional common share of the company for a period of two years from the date of issue, at a price of 17 cents per warrant share during the first year and at a price of 25 cents per warrant share during the second year.

Silver Sun intends to use the proceeds of the private placement for expansion of the Cherry Hill gold mine in Siskyou county, California, general working capital and corporate purposes. The offering will be conducted on a non-brokered basis and Silver Sun may pay a finder's fee in cash and/or warrants in connection with the offering.

Closing of the offering is subject to customary conditions including TSX Venture Exchange approval. Any securities issued pursuant to the offering will be subject to a hold period of four months and one day after closing of the offering under applicable Canadian securities laws. The warrants will also be restricted securities subject to these restrictions.