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Silver Range Resources Terminates Property Options

Property Options & Staking

Suite 1016 – 510 West Hastings Street

Vancouver, B.C. V6B 1L8

Tel: 604-687-2522

www.silverrangeresources.com

TSX-V: SNG

Silver Range Resources Terminates Property Options

Vancouver, B.C. – February 4, 2020 - Silver Range Resources Ltd. (TSX-V: SNG) (“Silver

Range”) announces that property options granted in 2018 to Amaroq Gold Corp. (“Amaroq”) and

Zinciferous Limited (“Zinciferous”), pertaining to the South Kitikmeot Gold Project and the

Michelle Project respectively, have been terminated effective January 28 th, 2020. In both cases,

conditions precedents, including obtaining a public listing, were not satisfied by the required

date. Neither Amaroq nor Zinci ferous performed any surface exploration on the projects which

are now available for option or joint venture.

The South Kitikmeot Gold Project consists of five properties covering extensive zones of high

grade gold (> 5 g/t Au) in iron formation. Highlight drill intercepts include 3 m @ 11.7 g/t gold

at Esker Lake. The projects are located within the Back River – Contwoyto Gold Belt of Western

Nunavut which hosts the past producing Lupin Mine as well as Sabina Gold and Silver’s George

and Goose Lake deposits. The Michelle project encompases multiple drill confirmed silver lead

zinc showings that adjoin the Dempster Highway in Northern Yukon. Drill highlights include

16.75% zinc, 8.86% lead and 310 g/t silver over 18.29 m.

About Silver Range Resources Ltd.

Silver Range is a high grade focused precious metals prospect generator working in Nevada and

Northern Canada. It has assembled a portfolio of 4 5 properties, 6 of which are currently

optioned to others. Silver Range is actively evaluating new prospects while seeking joint venture

partners to explore the high grade precious metal targets in its portfolio.

ON BEHALF OF SILVER RANGE RESOURCES LTD.

“Mike Power”

President and CEO

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

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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.