SSE Silver Spruce Resources Inc

Highlights

- Only 16% of Silver Spruce claimed lands on Labrador Inuit Lands subject to the
moratorium


- Well funded with in excess of $11,500,000 on deposit

- No debt liabilities

- Diversified

Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) is responding to
the Nunatsiavut Government's three-year moratorium on uranium exploration on the
Labrador Inuit Lands ("LI Lands"). The Nunatsiavut Government yesterday passed a
three-year moratorium on uranium development on LI Lands controlled by the
Nunatsiavut Government in Labrador. The proposal was passed by an eight-to-seven
vote in the Nunatsiavut Assembly of the Nunatsiavut Government. Exploration will
still be allowed; however, development now remains in question.


LI Lands controlled by the Nunatsiavut Government comprise approximately 16% of
Silver Spruce's properties in Labrador and 18% of the CMB/Seal Lake JV
properties, co-owned with Universal Uranium Inc. The Two Time Zone, where a
resource calculation is being carried out by Scott Wilson Roscoe Postle
Associates, and the CMBNW and the Snegamook properties, where most of Silver
Spruce's exploration activity has been taking place, both lie outside of the LI
Lands and are unaffected.


The Mount Benedict property, at the eastern end of the Central Mineral Belt, is
partially covered by LI Lands; however, excellent targets are noted on that
portion of the property lying outside of the LI Lands boundary. The Makkovik
River and CMB E properties lie entirely outside of LI Lands and the CMBNE
property is partially outside of the LI Lands.


The Double Mer property, recently optioned to High Tide Resources Inc., lies
mostly outside of the LI Lands, with the main areas of mineralization on lands
open for development. The Straits property in southern Labrador is outside of
all of the land claim areas in Labrador.


Silver Spruce understands that the basis for the mining moratorium is to allow
time for the Nunatsiavut Government and the Government of Newfoundland and
Labrador, through the Regional Planning Authority, to formulate a Land Use Plan
as required by the LI Lands Claims Agreement. Silver Spruce will be adapting its
exploration program to take into account the moratorium areas where exploration
will be reduced until further information is available. Silver Spruce remains
committed to uranium exploration on its other unaffected projects in Labrador.


Silver Spruce has also recently been expanding its exploration efforts in other
parts of Canada and in Mexico. Results have been received and are being compiled
for the Hudson Bay uranium project in Quebec, where Silver Spruce is earning a
50% ownership from Azimut Exploration and where an early 2008 summer follow up
program is being planned. A drilling program is ongoing in central Newfoundland
on a base metal/precious metal property and a drill program is planned to start
soon on the Centauro project in Chihuahua State, Mexico. Silver Spruce is well
funded with more than $11,500,000 in cash on deposit with Canadian chartered
banks. Silver Spruce has no debt liabilities.


ABOUT SILVER SPRUCE

Silver Spruce Resources is a junior exploration company focused on uranium in
the Central Mineral Belt (CMB) of Labrador, Canada and gold/silver in Mexico.
With interests in more than 11,880 claims totalling more than 2,970 square
kilometres in Labrador, Silver Spruce is the second largest landholder in one of
the world's premier emerging uranium districts.


The exposure to gold/silver opportunities in Mexico and base metals in central
Newfoundland gives Silver Spruce diversification while allowing the company to
remain primarily focused on uranium. Strong financial backing makes Silver
Spruce a leading uranium explorer in Canada.


This release has been approved by Peter Dimmell, P.Geo., Vice President of
Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as
defined in National Instrument 43-101.

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