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SNG.V ·

Silver Range Resources Ltd. Closes Private Placement

Financings

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 PRIVATE PLACEMENT

February 17, 2017 – Silver Range Resources Ltd. (TSX-V:SNG) (“Silver Range”) announces

that it has closed the $750,000 private placement announced February 14, 2017. The placement

consisted of the sale of 4,687,500 units at $0.16 per unit . E ach unit consists of one common

share and one share purchase warrant, with each warrant entitling the holder to purchase one

additional common share at a price of $0.25 until February 17, 2019.

All of the securiti es issued pursuant to this private placement are subject to a hold period until

June 18, 2017.

There were no finder’s fees or commissions paid in respect of this private placement.

Silver Range is building and exploring a portfolio of high grade gold tar gets in Nunavut, the

Northwest Territories and Nevada to fulfil an increasing demand for gold projects in politically

stable jurisdictions. The company is actively seeking joint venture partners to explore the assets

in its portfolio.

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 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.