Mr. Gary Lindsey reports

SILVER ONE GRANTS STOCK OPTIONS

Silver One Resources Inc. has granted a total of 2,145,000 stock options to its directors, officers and consultants. The stock options have a five-year term, are exercisable at 40 cents per share and are subject to certain vesting requirements.

About Silver One Resources Inc.

Silver One is focused on the exploration and development of quality silver projects. The company owns a 100-per-cent interest in its flagship project, the past-producing Candelaria mine, located in Nevada. Potential reprocessing of silver from the historic leach pads at Candelaria provides an opportunity for possible near-term production. Additional opportunities lie in unmined historic resources, as well as in previously identified high-grade silver intercepts downdip, which can potentially increase the substantive silver mineralization along strike from the two past-producing open pits.

The company has staked 636 lode claims and entered into a lease/purchase agreement to acquire five patented claims on its Cherokee project located in Lincoln county, Nevada, host to multiple silver-copper-gold vein systems, traced to date for over 11 kilometres along strike.

Silver One holds an option to acquire a 100-per-cent interest in the Silver Phoenix project. The Silver Phoenix project is a very high-grade native silver prospect, recently permitted for drilling, that lies within the Arizona silver belt, immediately adjacent to the prolific copper-producing area of Globe, Ariz.

We seek Safe Harbor.