Mining Registry Update On Pino De Plata Ag Project

BEDFORD, NS - Silver Spruce Resources, Inc. reported on the update on the Pino de Plata Project announcing that its Option Agreement with the concession title owner has been fully processed by the Registro Publico de Mineria (RPM, Public Mining Registry) and signed copies of the relevant documentation have been received by the Company.

"We are delighted also to report that the Certificate of Registration in favor of the widow of the original concession owner confirming her rights as title owner was verified and signed by RPM and a copy of the documents was received by the Company," said, Brian Penney, Chairman and CEO.

The Company has directed its full attention to the landowner negotiations now that the registration of both the claim ownership and the Agreement, inherent in the terms under consideration, has been completed. The Company executed the Agreement with the mining concession title owner in front of a Mexican Notary on July 11, 2019. As per the terms of the Agreement, it is now subject to force majeure until access to field exploration, including diamond core drilling, is granted by the landowners. During due diligence by attorneys for the landowners, it was noted that, upon the death of the original mining concession title owner, in May 2017, the widow legally inherited his estate, but had not yet received certification of her registration as 100% title owner with the RPM.