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Silver Spruce Announces Resignation of Chief Financial Officer

Management Changes

Media Release

Silver Spruce Announces Resignation of Chief Financial

Officer

Bedford, NS- May 1, 2023 - (TSXV:SSE) – Silver Spruce Resources Inc. announced today that

Camilla Cormier has resigned as Chief Financial Officer of the Company. Michael Kinley, CPA,

CA, CEO has been appointed as Interim Chief Financial Officer.

The Board would like to thank Ms. Cormier for her contributions to the Company.

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, 100% interest in the Mystery Au project near recent discoveries by Sokoman Minerals

Corp. and New Found Gold Corp. among others in the Exploits Subzone Gold Belt, Newfoundland

and Labrador, 100% interest in the Pino de Plata Ag project located 15 kilometres west of Coeur

Mining's Palmarejo Mine in western Chihuahua, Mexico and up to 50% interest in Colibri

Resource’s Diamante Au-Ag project located from 5 kilometres to 15 kilometres northwest from

Minera Alamos's Nicho deposit in Sonora, Mexico. Silver Spruce recently signed a 50:50 joint

venture agreement with Colibri on the nearby Jackie Au project. Silver S pruce Resources Inc.

continues to investigate opportunities that Management has identified or that have been presented

to the Company for consideration.

Contact:

Silver Spruce Resources Inc.

Michael Kinley, CEO and Director

(902) 402-0388

[email protected]

[email protected]

www.silverspruceresources.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.