Silver Range Resources Ltd. announces granting of Incentive Stock Options

Suite 1016 – 510 West Hastings Street [email protected] Vancouver, B.C. V6B 1L8 TSX-V: SNG Tel: 604-688-2568

Silver Range Resources Ltd. announces granting of Incentive Stock Options

August 29, 2011 – Silver Range Resources Ltd. (TSX-V: SNG) announces that it has granted incentive stock options under its Incentive Stock Option Plan to its directors, officers, employees and consultants, entitling them to purchase up to a total of 3,000,000 shares at a price of $1.31 per share for a period of five years. All of the options are subject to vesting provisions under which 25% of the options will vest at the conclusion of each three months during the first year of the exercise period.

ON BEHALF OF THE BOARD

“W. Douglas Eaton”

President and Chief Executive Officer

For further information concerning Silver Range or its exploration projects please contact:

Corporate Information Investor Inquiries

Silver Range Resources Ltd. Richard Drechsler W. Douglas Eaton Corporate Communications President and C.E.O. Tel: (604) 687-2522 Tel: (604) 688-2568 NA Toll-Free: (888) 688-2522 [email protected] Silver Range Resources Ltd. http://www.silverrangeresources.com Bruce A. Youngman Chairman Tel: (604) 687-2522

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.