Silver Range Confirms High Grade Gold at Yandle

Silver Range Confirms High Grade Gold at Yandle

TSX-V: SNG

VANCOUVER

,

Nov. 8, 2017

/CNW/ -

Silver Range Resources Ltd.

(TSX-V:SNG) ("Silver Range") is pleased to provide an update on

exploration results from its Yandle Property, 150 km WNW of

Arviat

in southern Nunavut.

Reconnaissance geological mapping, sampling and ground geophysical surveys at Yandle in

August 2017

confirmed prior work defining a NW-SE

trend of gold in float and bedrock over a length of 3 kilometres, open on strike. The trend follows the contact between a gabbroic intrusive unit

and intermediate volcanic rocks to the south. Grab samples collected in 2017 along this trend returned up to

15.1 g/t Au

. Highest grade

mineralization occurs north-south trending, steeply-dipping structures near the contact. Comaplex Minerals Corp. drill tested one of these

structures in 2002, reporting

5 m @ 8.64 g/t Au

including

2 m @ 16.2 g/t Au

(Nunavut Assessment Report 084628). This was the best drill

result reported by Comaplex on the property; all of its other holes tested west-northwest striking formational targets and returned significantly

lower gold intercepts.

Sampling in 2017 south of the favourable gabbro-volcanic contact focused on iron formation within the intermediate volcanics. Samples here

returned up to

8.34 g/t Au;

however most samples returned nil to less than 1 g/t Au. This confirmed similar results reported by Comaplex

between 1998 and 2002, which found widespread but lower grade gold within this rock unit.

A follow-up program targeting high grade, gold-bearing structures along the gabbro-volcanic contact is planned for 2018.

Work on this project was managed by Aurora Geosciences Ltd. of

Yellowknife, NT

under the supervision of

Dave White

, P.Geol. Samples

were secured and shipped under chain of custody to ALS Minerals facilities in

Yellowknife NT

for sample preparation and to

North Vancouver

for assays and geochemical analyses. Samples were analyzed by Ultra-Trace Aqua Regia ICP-MS (ALS code ME-MS41) and fire assayed for

gold (25 g sample) (ALS code Au-AA25). A total of 106 samples were collected of which 4 returned greater than 5 g/t Au and 13 returned

assays greater than 1 g/t Au. Technical information in this news release has been approved by

Mike Power

, M.Sc., P.Geo., President and CEO

of Silver Range Resources Ltd. and a Qualified Person for the purposes of National Instrument 43-101.

ON BEHALF OF SILVER RANGE RESOURCES LTD.

"Mike Power"

President, C.E.O. & Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture

Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain forward looking statements based on assumptions and judgments of management regarding future events

or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may

differ materially from the expected results.

SOURCE

Silver Range Resources Ltd.

View original content: http://www.newswire.ca/en/releases/archive/November2017/08/c1938.html

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For further information:

concerning Silver Range or its exploration projects please contact: Investor Inquiries, Richard Drechsler, Vice-

President, Communications, Tel: (604) 687-2522, NA Toll-Free: (888) 688-2522, [email protected],

http://www.silverrangeresources.com

CO: Silver Range Resources Ltd.

CNW 08:00e 08-NOV-17