Silver Range Resources Ltd. Closes Agreement with Trifecta GOLD Ltd.
Suite 1016 – 510 West Hastings Street
Vancouver, B.C. V6B 1L8
Tel: 604-687-2522
www.silverrangeresources.com
TSX-V: SNG
SILVER RANGE RESOURCES LTD. CLOSES AGREEMENT WITH TRIFECTA GOLD LTD.
Vancouver, B.C., September 1, 2020 – Silver Range Resources Ltd. [TSX-V:SNG] (“Silver Range”) announces
that it has been issued 4, 797,611 common shares of Trifecta Gold Ltd. (“Trifecta”) pursuant to the terms of an
amended option agreement with Trifecta in respect of the Yuge property in Humboldt County, Nevada, as announced
on July 9, 2020.
As a result of the issuance of these 4, 797,611 shares of Trifecta, Silver Range now holds 4,997,611 shares of Trifecta,
representing 8.66% of the 57,686,897 shares of Trifecta currently issued and outstanding.
Pursuant to Silver Range’s amended agreement with Trifecta, Trifecta will be required to make a $250,000 payment on
or before July 7, 2021 in order to earn a 100% interest in the Yuge property. Upon Trifecta earning this 100% interest,
Silver Range would be granted a 2% net smelter return royalty, one -half (1/2) of which could be purchased for
$1,000,000. Silver Range would also be granted Defined Resource Payments of US$2.00 per ounc e of gold or gold
equivalent for each ounce identified in a measured or indicated mineral resource, or a proven or probabl e mineral
reserve estimate , as contained in a NI 43 -101 compliant technical report (the “Report”) applicable to the Yuge
property. Defined Resource Payments would be received by Silver Range within six months of the date of the Report
or any subsequent Report.
About Silver Range Resources Ltd.
Silver Range is a precious metals prospect generator working in Nevada and Northern Canada. It has assembled a
portfolio of 43 properties, 11 of which are currently under option to others. Silver Range is actively seeking other joint
venture partners to explore the high precious metals 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
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 assu mptions 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.