Vancouver, B.C., – Silver Range Resources Ltd. [TSX-V:SNG] (“Silver Range” or the “Company”) is pleased to announce that it has optioned the Legal Tender property to Rush Gold Corp. [CSE: RGN / Frankfurt: B6H] (“Rush Gold”).

The Legal Tender property is a high-grade silver prospect located 62 km NW of Tonopah in the Royston Hills.  It covers most of the Republic Mining District, a silver-gold epithermal camp which produced briefly in the early 1900’s.  The property covers the historic Farris, Hyland and Black Butte Mines and numerous other exploration workings.  Silver and gold mineralization occurs in moderate to steeply dipping vein faults, veins and breccia bodies.  The mineral showings occur along the west-trending 1200-metre-long Main Trend and the intersecting 400-metre-long NE trend. Previously reported grab samples collected by Silver Range on the property have returned up to 1,875 g/t Ag and 4.94 g/t Au.   Mineralization is hosted in volcanic and carbonate rocks of the Luning Formation, host to similar mineralization at the nearby Orizaba Mine and host to significant precious metal deposits elsewhere in Nye and adjacent mineral counties.     The Legal Tender property is approximately 3 kilometres north of Rush Gold’s Skylight property and appears to host mineralization of a similar style.

Rush Gold may obtain a 100% interest in the Legal Tender property by making escalating payments totaling US$200,000  and completing 1,000 m of drilling on the property over a period of four years.  Silver Range will retain a 2.5% net smelter return royalty which may be reduced to 1.0% for US$500,000 per 0.5%.   In addition, Silver Range will be entitled to a defined resource payment of US$4 per ounce of gold (or the gold-equivalent) on all Measured and Indicated Resources delineated on the property.  

Technical information in this news release has been approved by Mike Power, M.Sc., CPG, President and CEO of Silver Range and a Qualified Person for the purposes of National Instrument 43-101.  Historical information cited in this news release was obtained from Nevada Bureau of Mines and Geology district files and from historical publications.  This information cannot be independently verified by Silver Range.  

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 34 properties, 12 of which are currently optioned to others and also retains 9 royalty interests on previously vended projects.  Silver Range is actively seeking other joint venture partners to explore the high-grade precious metals targets in its portfolio.

ON BEHALF OF SILVER RANGE RESOURCES LTD.

“Michael Power”

President and C.E.O

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

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.