Silver Reserve Reported Drill Indicated Resource

RENO, NV - Silver Reserve reported that it has negotiated an option to acquire the Medicine claim group in Elko County, Nevada.
The option covers 25 unpatented claims and the Company has staked an
additional 124 contiguous claims covering the extension of the patented
mineralized zone not contracted by previous operation.
A Technical Report written by Edward P. Jucevic, P.E. dated March 9,
2001 and prepared for a former owner of the Medicine claim group, stated
the following:
"The Medicine property contains a drill-indicated resource defined by
    approximately 70 drill holes. The resource estimate was calculated by
    previous workers at US Mineral Exploration and includes 350,000 tons
    grading 2.3 opt silver. The resource covers an area roughly 200 feet
    wide and 600 feet long. Average depth of drilling has only followed the
    zone down to +/- 100 feet. Wide spaced drilling outside of the area of
    the resource(x) has encountered significant values of lead, zinc and
    silver metals.
Mineralization consists of barite-silver-lead-zinc along high angle
    structures and within bleached and sanded limestone. Although lead and
    zinc values were only assayed for part of the holes, barite, lead and
    silver appear to correlate well. Zinc values are often associated with
    the other metals, but are also zones stratagraphically beneath the
    silver-lead zone. The zinc zone can be as thick as 50 feet and average
    +5%. Zinc values to 11.5% have been obtained from ten-foot intervals in
    drilling. Lead values average 3% over 10 to 40 foot thick zones. Lead
    values to 8% have been obtained from 10 foot intervals in drilling.
    Barite averages 12% throughout the mineralized zones but can attain 35%
    in individual intervals. Silver averages 2.5 opt with individual five
    foot assays carrying more than 26 opt."
    Roger Hall, COO and chief geologist stated that, "The mineralized zone
appears to continue to the north and south as well as to depth offering
potential for substantial expansion of the drill indicated mineralization.
As mineralization comes to surface, there is potential for open pit mining.
We expect to commence drilling to determine the extent of the
mineralization zone in mid June, 2008."
Silver Reserve is an active and progressive public exploration stage
mining company. The Company's main focus is its 15 silver exploration
projects in the State of Nevada, in the United States of America. The
properties are located in the counties of Esmeralda, Mineral, Nye, Lyon,
Humboldt and Elko. Silver Reserve also owns a 280 ton per day mill facility
at Mina, Nevada.
The company's address is 1135 Terminal Way, Reno, NV 89502, 775-322-4448, fax: 775-322-4471, email: [email protected] .