August 29, 2011 - Silver Range Resources Ltd. (TSX-V: SNG) announces that it has granted incentive stock options under its Incentive Stock Option Plan to its directors, officers, employees and consultants, entitling them to purchase up to a total of 3,000,000 shares at a price of $1.31 per share for a period of five years. All of the options are subject to vesting provisions under which 25% of the options will vest at the conclusion of each three months during the first year of the exercise period.

ON BEHALF OF THE BOARD

“W. Douglas Eaton”

President and Chief Executive Officer

For further information concerning Silver Range or its exploration projects please contact:

Corporate Information
Silver Range Resources Ltd.
W. Douglas Eaton
President and C.E.O.
Tel: (604) 688-2568

Silver Range Resources Ltd.
Bruce A. Youngman
Chairman
Tel: (604) 687-2522


Investor Inquiries

Richard Drechsler
Corporate Communications
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
rdrechsler@silverrangeresources.com
http://www.silverrangeresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.