Silver Range Resources Ltd.is a new precious metals exploration company created through a spin-out of assets from Strategic Metals Ltd. Silver Range is focused on high-grade and bulk- tonnage targets at its wholly-owned Silver Range project, located in an area of exceptional infrastructure near the town of Faro, Yukon Territory.

Exploration at the Silver Range project in 2011 successfully expanded bulk tonnage silver-polymetallic mineralization at the Keg Main Zone to an 850 m strike length and a 350 m depth, with mineralization remaining open in all directions. At the Hammer Zone, bonanza-grade silver together high-grade gold was discovered only 12 km from the Faro mine and mill site, once Canada's largest open-pit lead-zinc operation. Eight rock samples collected over a 350 m strike length assayed from 1,420 to 16,985 g/t silver and 0.086 to 12.8 g/t gold, averaging 6,218 g/t silver (approximately 200 ounces per tonne) and 2.45 g/t gold. An associated soil geochemical anomaly is 700 m long and 100 to 200 m wide, and extends under glacial cover at both ends. The Hammer Zone and four other high-grade silver-gold showings form a 17 km long mineralized belt known as the Mount Mye Trend. To the north, the sub-parallel Tay Trend extends for a 70 km length and hosts 11 silver-bearing mineralized zones and 14 discrete soil geochemical anomalies that have yet to be followed up by prospecting.

A comprehensive exploration program is planned for 2012, involving at least four drills, to further expand the Keg Main Zone, test high grade targets at the Hammer, Risby and other zones along the Mount Mye Trend, and evaluate multiple additional targets for high-grade or bulk-tonnage silver mineralization throughout the Silver Range project. The program will include detailed geochemical sampling, follow-up prospecting, geological mapping and geophysical surveys designed to further define and identify additional mineralized zones.

At the 100% held Mint project, Silver Range is planning on completing the first-ever drilling program on this gold-copper-molybdenum porphyry project, located 26 km from the Alaska Highway in southwestern Yukon. Moderately to very strongly anomalous gold-copper-molybdenum values in soils encompass an area measuring 1,000 m wide and 2,100 m long, and are associated with extensive IP/chargeability anomalies.

With an exciting property portfolio and an experienced management team with a strong track record of success, Silver Range is well-positioned for future growth.

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