Silver Range Resources Ltd. Announces Issuance of Shares FOR Services
Suite 510 – 1100 Melville Street
Vancouver, B.C. V6E 4A6
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
SILVER RANGE RESOURCES LTD. ANNOUNCES ISSUANCE OF SHARES FOR SERVICES
October 24, 2023 - Vancouver, B.C. – Silver Range Resources Ltd. (TSX-V:SNG) (“Silver Range”) announces, further
to its October 18, 2023 news release, that it has received acceptance from the TSX Venture Exchange (the “Exchange”)
for the issuance of 236,436 shares to Paladin Geoscience Corp. (“Paladin”), a private comp any controlled by Michael A.
Power, Silver Range’s President and Chief Executive Officer, pursuant to a “Shares for Services Agreement” dated April
1, 2022 which will expire on March 31, 2024 unless extended in writing by the parties. This Agreement provi des that
Paladin will provide geological and other consulting services to Silver Range, with Paladin at its sole election to receive
up to a maximum of $5,000 of its fee for any month in Silver Range’s common shares, such shares to be issued at a
deemed price per share equal to the market price of Silver Range’s shares as traded in the Exchange calculated at the end
of each month in which such services are provided minus 50% of the discount permitted under applicable Exchange
policies. The shares will be i ssued semi -annually and will be subject to a four month and one day hold period,
commencing on the date of issuance. Any consulting fees not paid by the issuance of Silver Range shares will be paid in
cash.
These shares were issued at deemed pri ces per share ranging from $ 0.0744 to $0.0963, calculated as provided for above ,
and were issued in partial consideration for geological and other consulting services provided to Silver Range by Paladin
during the period April 1, 2023 through September 30, 2023 . These shares are subject to a hold period which expires on
February 24, 2024.
About Silver Range Resources Ltd.
Silver Range is a precious metals prospect generator working in the southwestern United States and northern Canada. It
has assembled a portfolio of 42 properties, of which 14 are currently under option to others. Four other projects have been
converted to royalty interests. Silver R ange is actively seeking other joint venture partners to explore the high -grade
precious metal targets in its portfolio.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
“Michael A. Power”
President and Chief Executive Officer
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
http://www.silverrangeresources.com
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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 ev ents or results
that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may dif fer materially from the
expected results.