Silver Range Resources Ltd. Provides Corporate Update
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. PROVIDES CORPORATE UPDATE
December 7, 2021 - Silver Range Resources Ltd. (TSX-V: SNG) (“Silver Range ”) provides the
following corporate update:
Michelle Property
By agreement dated February 19, 2021 and amended November 2, 2021, Silver Range sold Silver47
Exploration Corp. (“Silver47”) a 100% interest in the Michelle property for 5,650,000 common shares in
the capital of Silver47. The 5,650,000 shares represented 19.9% of the issued share capital of Silver47 at
the time the sale closed.
In addition to the Silver47 shares, Silver Range retained a 1% net smelter return royalty in all commercial
production from the property. Silver Range will also be entitled to rec eive a one -time payment of $1
million if a positive production decision is made on a resource of not less than 80 million ounces of silver
as outlined in a feasibility study on the Michelle property . Silver47 is in the process of having its
common shares listed on a Canadian stock exchange.
Loner Property
Victory Resources Corporation ( “Victory”) has terminated an option to acquire an 80% interest in the
Loner property, held under agreement dated October 18, 2021. The property is 35 kilometres south of the
city of Winnemucca, Nevada.
Silver Range staked the Loner property in October of 2018 following regional reconnaissance work. The
claims cover high-grade low sulphidation epithermal veins first discovered in 190 6 and mined on a small
scale through the 1930’s.
2021 Annual General Meeting
At the 2021 Annual General Meeting held on December 3, 2021, all proxy matters, including the re -
election of the incumbent directors, were approved by the Silver Range shareholders.
Appointment of New Director
Steve Kenwood was appointed to the Silver Range board of directors effective December 6, 2021. Mr.
Kenwood is a registered member of the Association of Professional Engineers and Geoscientists of
British Columbia. He received a Bachelor of Science (Geology) degree from the University of British
Columbia in 1987. He has experience in the area of advanced project development in northern British
Columbia, southwest U.S., Central and South America, and China. Mr. Kenwood also has over 20 years
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of experience with public company management and is currently an independent director of two other
companies listed on the TSX Venture Exchange.
Appointment of New Officer
John Gilbert was appointed Chief Corporate Developme nt Officer effective December 1, 2021. Mr.
Gilbert received a Bachelor of Science (Geology) degree from the University of Massachusetts – Amherst
in 2013 and a Masters of Science degree specializing in structural geology from the University of
Vermont in 2016. Since 2008 he has worked as a geological and geophysical technician and as an
exploration and mine geologist on projects in Alaska, Yukon, Nevada, California and New York. He also
ran a successful private exploration company which acquired, explored and vended gold projects in New
Brunswick. Working with the CEO, he will be responsible for identifying and realizing opportunities to
develop the high-grade gold and silver projects in Silver Range’s property portfolio.
Incentive Stock Options
Silver Range has granted incentive stock options under its Incentive Stock Option Plan to its directors,
officers and consultants, entitling these individuals to purchase up to an aggregate 4,155,000 Silver Range
shares at a price of $0. 13 per share for a period of five years. All of these options are subject to vesting
provisions under which 25% of the options will vest at the conc lusion of each three months during the
first year of the exercise period.
Technical information in this news release has been approved by Mi chael Power, M.Sc., P.Geo.,
President and CEO of Silver Range Resources Ltd. and a Qualified Person for the purposes of National
Instrument 43-101.
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, of which 14 are currently under option to others. Four other
properties have been converted to royalty interests. Silver Range is actively seeking other joint venture
partners to explore the high-grade precious metals targets in its portfolio.
ON BEHALF OF SILVER RANGE RESOURCES LTD.
“Michael A. Power”
President, Chief Executive Officer and 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
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 news
release.
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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.