Mr. Keith Anderson reports

SILVER SANDS ANNOUNCES STOCK OPTION GRANTS TO DIRECTORS AND CONSULTANTS AND PROCEEDS WITH DEBT SETTLEMENT

Silver Sands Resources Corp. has granted an aggregate of 650,000 incentive share purchase options to directors and consultants at an exercise price of 8.5 cents per common share with a term of five years expiring on Feb. 15, 2029. All shares issued pursuant to any exercise of options will be subject to a four-month-and-one-day hold period expiring June 16, 2024.

Debt settlement transaction

The company has entered into debt settlement agreement with two directors and one consultant of the company, the latter being an arm's-length third party, pursuant to which the company has agreed to issue an aggregate of 1,152,941 common shares at a deemed price of 8.5 cents per share, to settle a total indebtedness of $98,000.

The company determined to satisfy this outstanding indebtedness with shares to preserve its cash for operations. The transaction is subject to the approval of the Canadian Securities Exchange. All shares issued pursuant to the transaction will be subject to a four-month-and-one-day hold period.

About Silver Sands Resources Corp.

Silver Sands is a Canada-based company engaged in the business of mineral exploration and the acquisition of mineral property assets in mining-friendly jurisdictions. Its objective is to locate and develop economic precious metal and base metal properties of merit. Its key asset is the 6,400-hectare Corner Pocket copper-zinc-silver massive sulphide project, 25 kilometres to the west-northwest of Corner Brook, Nfld. Corner Pocket is contiguous to the west, east and south of the York Harbour Metals Inc. massive sulphide project.

We seek Safe Harbor.