Vancouver, B.C. – Silver Range Resources Ltd. [TSX-V:SNG] (“Silver Range”) announces that has granted incentive stock options under its Incentive Stock Option Plan to its directors, officers and consultants, entitling these individuals to purchase up to an aggregate 3,740,000 Silver Range shares at a price of $0.08 per share for a period of five years. All of these 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.

About Silver Range Resources Ltd.

Silver Range is a precious metals prospect generator working in the Southwest United States. and Northern Canada.  It has assembled a portfolio of 31 properties, 7 of which are currently optioned to others.  Four other projects have been converted to royalty interests.  Silver Range is actively seeking other joint venture partners to explore the high-grade precious metals opportunities in its portfolio.

ON BEHALF OF SILVER RANGE RESOURCES LTD.

“Mike Power”
President and CEO

For further information concerning Silver Range or its exploration projects please contact:
Investor & project opportunity inquiries
John Gilbert
Vice-President
Tel: (604) 687-2522
NA Toll-Free: (888) 688-2522
jgilbert@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.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.