Geochemical Surveys Completed At The Sniper Gold-Silver Property

VANCOUVER - Silver Range Resources Ltd. [TSXV:SNG] ("Silver Range" or the "Company") is pleased to announce that it has completed soil geochemical surveys at its high-grade Sniper gold-silver property in Esmeralda County, Nevada. A soil geochemical survey was completed over the claims and surrounding area at the Sniper Property, approximately 10 km south of Gold Point in the Tokop Mining District. A total of 153 soil samples and 6 grab samples were collected during the survey. A large soil anomaly in gold, silver and arsenic is located along the inferred contact between Jurassic Sylvania Pluton granodiorite and an overlying roof pendant of Precambrian Wyman Formation carbonates and siltstone. Peak soil responses in gold and silver were 82.8 ppb Au and 1.35 ppm Ag respectively. Rock sampling to date has returned assays from separate grab samples up to 121 g/t Au and 1,375 g/t Ag. A chip sample assaying 0.40 m @ 46.3 g/t Au was collected across exposed vein mineralization. Eight of 20 rock samples collected on the property to date have returned analyses greater than 5 g/t Au.

Mineralization at Sniper consists of mesothermal, ribbon-quartz veins up to 40 cm thick exposed intermittently over several tens of metres in bulldozer trenches. The veins are hosted in rafts of Wyman Formation argillite enclosed in Sylvania Pluton granodiorite below the roof pendant contact. Silver Range intends to map the intrusive contact further afield from the exposed mineralization with airborne total magnetic field and radiometric surveys, and to conduct additional soil surveys along the defined contact to locate mineralization in the predominantly overburden-covered property area.