Grant of Stock Options

SILVER SPRUCE RESOURCES INC.

Grant of Stock Options

Bridgewater, Nova Scotia – January 19, 2011- Silver Spruce Resources Inc. (TSXV: SSE) Silver Spruce Resources Inc. (“Silver Spruce”) is pleased to announce that it has granted 2,000,000 stock options with an exercise price of 30 cents per share to directors and employees of Silver Spruce. These options shall expire on January 18, 2016 if not exercised prior to that date. The issuance of the options is subject to all necessary approvals by the TSX Venture Exchange.

ABOUT SILVER SPRUCE

Silver Spruce is a junior exploration company originally focused on uranium in the Central Mineral Belt (CMB) and elsewhere in Labrador, Canada. With interests in more than 4,000 claims totaling more than 1,000 square kilometers in Labrador, Silver Spruce is one of the largest landholders in one of the world’s premier emerging uranium districts. The company also has rare earth element (REE) properties in Labrador-Pope’s Hill, RWM and the Straits and gold/silver projects on the island of Newfoundland making Silver Spruce a leading explorer in Canada..

For Further Information Contact:

SILVER SPRUCE HEAD OFFICE INVESTOR RELATIONS

Gordon Barnhill, CFO & Director Hugh Oswald, Ascenta Capital Partners Inc.

Phone: 902.527.5700 Phone: 604.684.4743 ext. 243 Fax: 902.527.5711 Toll Free: 1.866.684.4743 ext. 243 E-mail: [email protected] E-mail: [email protected] Web: www.silverspruceresources.com Web: www.ascentacapital.com

Neither 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.

The Corporation seeks Safe Harbour.

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION VIA U.S. NEWSWIRE