Aroland First Nation Signs Exploration Agreement with Silver Spruce Resources Inc.
AROLAND FIRST NATION SIGNS EXPLORATION AGREEMENT
WITH SILVER SPRUCE RESOURCES INC.
March 25, 2021 - Bedford, NS - (TSXV:SSE) – Aroland First Nation (“Aroland” or “First
Nation”) and Silver Spruce Resources Inc. (“Silver Spruce”) are pleased to announce entering into
an exploration agreement by which Aroland in exercising its inherent jurisdiction, has issued its
permit and approval to Silver Spruce to undertake mineral exploration in part of Aroland’s territory
known as Melchett Lake, in northwestern Ontario.
“This is the way it should be,” says Chief Dorothy Towedo. “The company seeks the First Nation
government’s consent and is prepared to meet the conditions required to obtain that consent, so
the First Nation issues its permit containing those conditions . We understand that the company
needs the Crown government’s permit too.”
“The Ontario Crown government, through ENDM, routinely does its “consultation” on exploration
through a form letter and f ormula timeframes with little else. This is not near enough. So First
Nations are compelled to turn to the company. If the company is respectful of our right to free,
prior and informed consent, then this gets us a positive result, as is the case in our current
collaboration with Silver Spruce.” says Aroland Councillor Mark Bell.
“The agreement with Silver Spruce contains measures to accommodate and address Aroland’s
concerns including a land values a nd archaeological assessment of t he area prior to intrusive
exploration activities and a First Nation monitor to identify and protect cultural and heritage values
and sites. It provides for high standards and First Nation input on land use, environmental
management and plans of the company. This is all to prevent and minimize impacts. And for those
impacts that remain, it provides offsetting benefits like priority access to training, employment,
contracting, and compensation and coverage for process costs. If the company wants to move
toward a mine, then the exploration agreement provides for the need for a mine impact benefit
agreement first,” says Aroland’s lawyer Kate Kempton from OKT Law.
“We are very pleased to be in this mutually respectful and consent-based relationship with Aroland
and look forward to working with them over the years to come,” says Silver Spruce VP Exploration
Media Release
and Director Greg Davison. “This is how we operate to prevent confrontation. With Silver Spruce
fully engaging in the collaboration, it will ensure smooth operations as we advance our mineral
claims in and around Melchett Lake.”
About Silver Spruce Resources Inc.
Silver Spruce Resources Inc. is a Canadian junior exploration company which has signed
Definitive Agreements to acquire 100% of the Melchett Lake Zn -Au-Ag project in northern
Ontario, and with Colibri Resource Corp. in Sonora, Mexico, to acquire 50% interest in Yaque
Minerales S.A de C.V. holding the El Mezquite Au project, a drill -ready precious metal project,
and 50% interest in Colibri’s early stage Jackie Au project, with both properties located only 12
and 6 kilometres west from Minera Alamo s’s Nicho deposit, respectively. The Company also is
pursuing exploration of the drill -ready and fully permitted Pino de Plata Ag project, located 15
kilometres west of Coeur Mining’s Palmarejo Mine, in western Chihuahua, Mexico. Silver Spruce
Resources Inc. continues to investigate opportunities that Management has identified or that have
been presented to the Company for consideration.
For more information on the situation, please contact:
Aroland First Nation
Councillor Mark Bell
807-620-8818
Silver Spruce Resources Inc.
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
www.silverspruceresources.com
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Exchange) accepts responsibility for the adequacy or accuracy of this release.
Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements," Statements in this press release which are not purely historical are
forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future,
including but not limited to, statements regarding the private placement.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include,
among others, the inherent uncertainties associated with mineral exploration an d difficulties associated with obtaining financing
on acceptable terms. We are not in control of metals prices and these could vary to make development uneconomic. These forward-
looking statements are made as of the date of this news release, and we assume no obligation to update the forward -looking
statements, or to update the reasons why actual results could differ from those projected in the forward -looking statements.
Although we believe that the beliefs, plans, expectations and intentions contained in this press release are reasonable, there can
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