Mr. Michael Kinley reports

SILVER SPRUCE ACQUIRES 22 ADDITIONAL MINERAL CLAIMS CONTIGUOUS TO THE MELCHETT LAKE PROPERTY IN ONTARIO

Silver Spruce Resources Inc. has acquired a 100-per-cent interest in 22 mining claims covering 448.8 hectares located near Melchett Lake in the Thunder Bay mining division in the province of Ontario. As previously announced on March 12, 2024, the company acquired the claims pursuant to a property purchase agreement with a third party arm'-length vendor dated March 8, 2024. The company paid $1,100 in cash and issued 350,000 common shares of the company at a deemed price of 1.5 cents to the vendor.

The claims are contiguous with the Melchett Lake mineral property acquired by the company via staking and additionally from three third party vendors pursuant to the option and purchase agreement dated Nov. 20, 2019, as amended (see press release dated Feb. 15, 2024).

About Silver Spruce Resources Inc.

Silver Spruce Resources is a Canadian junior exploration company holding 100 per cent of the Melchett Lake zinc-gold-silver project in Northern Ontario and has signed definitive agreements to acquire a 100-per-cent interest in the Mystery Au project near recent discoveries by Sokoman Minerals Corp. and New Found Gold Corp. among others in the Exploits gold belt, Newfoundland and Labrador, a 100-per-cent interest in the Pino de Plata Ag project located 15 kilometres west of Coeur Mining's Palmarejo mine in western Chihuahua, Mexico, and up to a 50-per-cent interest in Colibri Resource's Diamante Au-Ag project located from five kilometres to 15 kilometres northwest from Minera Alamos's Nicho deposit in Sonora, Mexico. Silver Spruce also has a 50:50 joint venture agreement with Colibri on the nearby Jackie Au project. Silver Spruce Resources continues to investigate opportunities that management has identified or that have been presented to the company for consideration.

We seek Safe Harbor.