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Silver Range is Exploring High Grade and Bulk Tonnage Prospects at Strongbox Property IN Nevada

Corporate Updates

Suite 1016 – 510 West Hastings Street

Vancouver, B.C. V6B 1L8

Tel: 604-687-2522

www.silverrangeresources.com

TSX-V: SNG

SILVER RANGE IS EXPLORING HIGH GRADE AND BULK TONNAGE PROSPECTS

AT STRONGBOX PROPERTY IN NEVADA

January 15, 2019 – Vancouver, BC – Silver Range Resources Ltd. (TSX-V:SNG) (“Silver

Range”) is pleased to provide an update on work recently comple ted at its wholly owned

Strongbox Property in Esmeralda County, Nevada.

The Strongbox Property hosts wides pread structurally controlled gold mineralization that

straddles Tule Canyon, the site of two small historical hard ro ck mines (Dark Secret and

Eastside) as well as an historical dry wash placer operation. Silver Range recently described the

Strongbox Property and two other drill-ready Nevada prospects i n a talk presented at the

American Exploration and Mining Association annual meeting in S p o k a n e , W A . A l i n k t o a

video of this presentation, updated with recent results, can be found here.

Sampling at Strongbox during Oct ober 2018 discovered new, shall ow-dipping vein-hosted

mineralization on the west side of Tule Canyon about 40 m west of the Dark Secret Mine. A

chip sample across a hematitic clay and quartz shear returned 0.7 m @ 37.3 g/t Au. Earlier chip

sampling across part of the alte ration zone including workings at the Dark Secret Mine returned

20 m @ 0.923 g/t Au . (Silver Range Press Release dated January 18, 2018 ). On the east side of

Tule Canyon grab samples of quartz vein exposed on the backs of stopes in the Eastside Mine

returned from 5.38 g/t Au to 27.6 g/t Au. A chip sample of similar material underground graded

0.30 m @ 5.25 g/t Au.

The known mineralization at Strongbox appears to be part of a l arger structural system that is

outlined by sinuous resistivity highs. The Eastside and Dark Se cret Mines occur in the western

part of the system, and the eastern portion occurs in an area b lanketed by thin overburden. Hand

trenching is currently underway, targeting mineralization in the eastern portion of the system.

Samples collected at Strongbox were secured and shipped to ALS Minerals facilities in Reno,

NV for sample preparation and to North Vancouver, BC for assays and geochemical analyses.

Rock samples were analyzed by Ultra-Trace Aqua Regia ICP-MS (AL S code ME-MS41) and

fire assayed for gold (30 g sample) (ALS code Au-AA25). Techni cal information in this news

release has been approved by Mike Power, M.Sc., P.Geo., CPG, Pr esident and CEO of Silver

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

Silver Range is a precious metals prospect generator working in Nevada, Nunavut and the

Northwest Territories. The company is actively seeking joint v enture partners to explore the

assets in its portfolio.

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ON BEHALF OF SILVER RANGE RESOURCES LTD.

“Mike Power”

President, C.E.O. & Director

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

Neither the TSX Venture Exchange nor its Regulation Services Pr ovider (as that term is

defined in the policies of the TSX Venture Exchange) accepts re sponsibility 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.