Silver Range Defines Drill Target at Hard Cash

Silver Range Defines Drill Target at Hard Cash

TSX-V: SNG

VANCOUVER

,

Oct. 19, 2017

/CNW/ -

Silver Range Resources Ltd.

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

exploration results from its Hard Cash Property in Nunavut.

Ground total magnetic field (TMF) and horizontal loop electromagnetic (HLEM) surveys conducted at Hard Cash during

July 2017

have defined a

compelling drill target along the length of the 1.1 kilometre-long Swamp Trend. This trend is defined by 96 samples, 16 of which have returned

analyses greater than

30 g/t Au

(peak value

174

g/t Au

) and 40 of which have returned analyses greater than

5 g/t Au

. High silver values up to

1192 g/t Ag

occur with gold and 16 samples along the trend have returned greater than

200 g/t Ag

. (

Silver Range Press Release

October 11,

2016

) The geophysical surveys mapped a magnetic break and parallel conductive zone bracketing the Swamp Trend to the southeast and

northwest along its length. The geophysical survey results suggest a clear proximal source for the float samples and a southwest extension of high-

grade bedrock mineralization at the north end of the trend. Maps summarizing the results of the geophysical surveys relative to the gold

mineralization are available at

www.silverrangeresources.com

.

In August, a shallow drilling program employing a man-portable drill was abandoned due to repeated equipment failure. None of the attempted

holes were completed to depth. Drill testing will be attempted with conventional equipment in a forthcoming program.

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/October2017/19/c3195.html

%SEDAR: 00032028E

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 19-OCT-17