Mr. Michael Power reports

SILVER RANGE RESOURCES LTD. OPTIONS LEGAL TENDER PROPERTY TO RUSH GOLD CORP.

Silver Range Resources Ltd. has optioned the Legal Tender property to Rush Gold Corp.

The Legal Tender property is a high-grade silver prospect located 62 kilometres northwest of Tonopah in the Royston Hills. It covers most of the Republic mining district, a silver-gold epithermal camp that produced briefly in the early 1900s. The property covers the historic Farris, Hyland and Black Butte mines and numerous other exploration workings.

Silver and gold mineralization occurs in moderate to steeply dipping vein faults, veins and breccia bodies. The mineral showings occur along the west-trending, 1,200-metre-long Main trend and the intersecting 400-metre-long northeast trend. Previously reported grab samples collected by Silver Range on the property have returned up to 1,875 grams per tonne silver and 4.94 grams per tonne gold. Mineralization is hosted in volcanic and carbonate rocks of the Luning formation, host to similar mineralization at the nearby Orizaba mine and host to significant precious metal deposits elsewhere in Nye and adjacent mineral counties. The Legal Tender property is approximately three kilometres north of Rush Gold's Skylight property and appears to host mineralization of a similar style.

Rush Gold may obtain a 100-per-cent interest in the Legal Tender property by making escalating payments totalling $200,000 (U.S.) and completing 1,000 metres of drilling on the property over a period of four years. Silver Range will retain a 2.5-per-cent net smelter return royalty, which may be reduced to 1.0 per cent for $500,000 (U.S.) per 0.5 per cent. In addition, Silver Range will be entitled to a defined resource payment of $4 (U.S.) per ounce of gold (or gold equivalent) on all measured and indicated resources delineated on the property.

Technical information in this news release has been approved by Mike Power, MSc, CPG, president and chief executive officer of Silver Range and a qualified person for the purposes of National Instrument 43-101. Historical information cited in this news release was obtained from Nevada Bureau of Mines and Geology district files and from historical publications. This information cannot be independently verified by Silver Range.

About Silver Range Resources Ltd.

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, 12 of which are currently optioned to others, and also retains nine 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.

We seek Safe Harbor.