Mr. Kevin O'Connor reports

SILVER SPRUCE RESOURCES ANNOUNCES RESUMPTION OF EXPLORATION AT ITS MELCHETT LAKE AU-AG-ZN-PB-CU VOLCANOGENIC MASSIVE SULPHIDE PROJECT, NAKINA, ONTARIO

Silver Spruce Resources Inc. will proceed with phased exploration work at its 100-per-cent-owned Melchett Lake volcanogenic massive sulphide style zinc-lead-copper-gold-silver project in Northern Ontario. The property currently consists of 93 contiguous exploration cells encompassing a total of 2,325 hectares forming the core exploration area of Melchett Lake project in Northern Ontario, Canada.

Mineralization includes primarily sphalerite, chalcopyrite, galena and pyrite hosted in felsic volcanics along multiple zones. High-grade lenses in the mineralized horizon(s) show enrichment in Zn-Ag with variable Cu, Au and Pb. Historical grades include 28.8 grams per tonne Au, 565 g/t Ag, 19.15 per cent Zn, 2.2 per cent Pb, 0.40 per cent Cu and 1.72 parts per million Au. Previously, the company also noted elevated values for Te, Bi, Se, Sb, Hg, Cd and In.

The company plans to capitalize on earlier geophysical work carried out by Eagle Mapping Ltd. of Port Coquitlam, B.C., and GeoCloud Analytics of Melbourne, Australia, respectively, over the Melchett Lake Zn-Cu-Au-Ag volcanogenic massive sulphide project.

Soil and rock geochemical anomalies, VMS style mineralization from surface to greater-than-500-metre depth, and favourable alteration type will help focus initial 2026 exploration.

Phase 1 exploration will include verification of earlier geochemical assays, geological lithologies, structural controls on mineralization and quartz-sericite-pyrite alteration, in addition to other facets of the property. This will also include a review of previously recommended new drilling locations.

Phase 2 drilling is contingent on results from phase 1 exploration and may include up to 1,200 metres of NQ core.

In addition, the company intends to first advance its continuing discussions with the local Aroland and Ginoogaming first nations groups.

Application for all necessary permits will commence soon.

Paul K. Smith (PGeo), vice-president of exploration for the company, commented: "This is an exciting opportunity to examine the economic potential of this property in comparison to other similar properties I've examined in the region. Although it's too soon to focus on any specific geological model for the Melchett Lake mineralization, all possible models will be examined based on both historical and newly acquired data."

About Silver Spruce Resources Inc.

Silver Spruce is a Canadian junior exploration company. The company's diversified exploration portfolio includes:

• Pino de Plata Ag project -- high-grade silver property with historic artisanal mining located 15 kilometres west of Coeur Mining's Palmarejo mine in western Chihuahua, Mexico;
• Jackie Au-Ag project -- early-stage epithermal project with high-grade surface sampling and strong structural targets located less than 10 kilometres northwest from Minera Alamos's Nicho deposit in eastern Sonora, Mexico;
• Melchett Lake VMS Zn-Ag-Au-Cu project -- polymetallic project with historical drilling in the Thunder Pay mining district of Ontario.

Qualified person

The qualified person for this news release is Mr. Smith (PGeo), vice-president of exploration for the company. Mr. Smith verifies that the information in this release of continuing exploration of results and mineral resources is an accurate representation of the available data, and is based on information either compiled or reviewed by Mr. Smith, registered with the Association of Professional Geoscientists of Nova Scotia. Mr. Smith has sufficient experience which is relevant to the style of mineralization and type of deposit under consideration and to the activity which he is undertaking to qualify as a qualified person as defined under National Instrument 43-101 in the 2012 edition of the Joint Ore Reserves Committee's Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr. Smith consents to the inclusion in the report of the matters based on the context of this information.

We seek Safe Harbor.