SSE Silver Spruce Resources Inc

Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) - 

Highlights

- 1,400 m in six holes planned to test IP targets and epithermal, sinter type,
banded quartz veins


Silver Spruce Resources Inc. is pleased to announce that a contract for 2,000 m
of diamond drilling has been given to Cabo Drilling of Springdale, NL. for
drilling on the Big Easy, gold/silver property in eastern Newfoundland and the
Rambler South Gold property in the Baie Verte area in the north-eastern part of
the province.


The drill is being mobilized to the Big Easy property where approximately 1,400
m in six drill holes is planned. Drilling should begin by the weekend. The
drilling will test Induced Polarization (IP) targets in an altered (silicified)
/ mineralized area, which extends in a north-northwesterly direction, over an
area of greater than 1 km by 300 m to 500 m wide, narrowing to the north and
south. Gerard Lambert, a geophysical consultant who evaluated the IP results,
concluded: 1) Results indicate nine shallow (i.e., 25 m depth or so) anomalous
IP features, all of which are of the "non-conductive" type, indicating
disseminated to stringer sulphides, which extend through the altered /
mineralized area, in a north to north-northeast direction and 2) The IP
anomalies appear to be grouped to form two linear trends, one of which falls
along the corridor of silicification in the central portion of the grid which
appear to show potential for outlining a significant pyritized zone (see news
release dated November 13, 2010).


Dr. Greg Arehart, the Head of the Department of Geological Sciences and
Engineering at the University of Nevada in Reno, and a recognized expert in
epithermal and Carlin-type gold deposits who has visited the property, comments:
"the geology is clearly permissive of an epithermal system of significant size
(greater than 700 m of known strike length), and the geochemical signature is
also consistent with epithermal mineralization. Some of the exposures appear to
be near-surface sinter deposits, suggesting that we are seeing the top of the
system."


The 121 claim (30 km2) property, located near Thorburn Lake in eastern
Newfoundland, was optioned from prospectors Alex Turpin and Colin Kendall. The
option agreement, to earn a 100% interest subject to a 3% NSR with a 1.5%
buyback for $1.5M, is a total of $110,000 plus 1.6 M shares over three years. A
yearly advance royalty payment of $20,000 per year, deducted from future NSR
payments, is payable from the 4th anniversary on.


Plan maps for the proposed drill holes, the IP chargeability and resistivity and
a compilation map for the property are shown on the Silver Spruce website at
silverspruceresources.com. This release has been approved by Peter M. Dimmell,
P.Geo. VP Exploration for Silver Spruce Resources Inc., who is a Qualified
Person (QP) as defined in National Instrument 43-101.


ABOUT SILVER SPRUCE

Silver Spruce is a junior exploration company originally focused on uranium in
the Central Mineral Belt (CMB) and elsewhere in Labrador, Canada. With interests
in more than 4,000 claims totaling more than 1,000 square kilometers in
Labrador, Silver Spruce is one of the largest landholders in one of the world's
premier emerging uranium and REE districts. The company has rare earth element
(REE) properties in Labrador - Pope's Hill, RWM and the Straits and gold/silver
projects on the island of Newfoundland.


The company seeks Safe Harbour.

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