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Silver Spruce Appoints Greg Davison, PGeo, as VP Exploration

Management Changes

Silver Spruce Appoints Greg Davison, PGeo, as VP Exploration

October 13th, 2020- Bedford, NS - (TSXV:SSE) – Silver Spruce Resources, Inc. ("Silver Spruce"

or the "Company") is very pleased to announce the appointment of Greg Davison, M.Sc., PGeo.

(BC) as Vice-President, Exploration, effective immediately.

Greg Davison is a professional consulting exploration geologist, currently licensed in British

Columbia (EGBC), with forty-three years of practical field, laboratory and management experience,

with 10 years as VPX at True North Gems and Tribute Minerals, in diverse geological settings. After

being awarded his high school prizes in geology and technical graphics, he complete d his B.Sc.

(Honours Geology) at Dalhousie University, Nova Scotia (1974-1979) and M.Sc. (Geology) at Brock

University, Ontario (1981-1984).

Mr. Davison currently serves on the Board of Directors of Silver Spruce Resources Inc. (May

2017) and Playfair Mini ng Inc. (December 2018) and contributes as advisor on exploration

programs, technical reports and disclosure oversight to several junior exploration companies. He

supports geoscience as a member of EGBC, the Society of Economic Geologists (SEG), core

member of PDAC, an individual member of the Mineral Deposits Research Unit (MDRU) at UBC

and past, long -time licensed member of the Association of Professional Geologists of Ontario

(APGO).

"Silver Spruce Resources is excited to add Greg as the Company’s Vice-President, Exploration. I

have known him for several years and find his experience, judgement and ethics to be of the highest

order. He brings considerable expertise as we advance our projects in Ontario and Mexico," said

Dr. Brian Penney - Chairman & CEO. “Greg has first-hand working experience at Silver Spruce’s

Melchett Lake VMS project and on properties in Chihuahua and Sonora , Mexico near both Pino

de Plata and El Mezquite silver and gold projects. He will be responsible for reviewing property

submissions and acquisition opportunities to add shareholder value to Silver Spruce.”

Mr. Davison is experienced in many aspects of exploration, property evaluation, geological and

geochemical surveys, drilling, bulk sampling, processing and pilot operations, the latter in Venezuela,

Arkansas, Cambodia, Yukon, Greenland, Lesotho and South Africa. He has specialized expertise in

mineralogy for extractive metallurgy to recover metals, diamonds, gemstones, jade and industrial

minerals, including REE and strategic metals, and assisted in the exploration, process and operational

development and optimization of prospects, deposits and mines from more than 40 countries.

From 1997 through 2020, Mr. Davison acted as technical advisor, Qualified Person, project generator,

Company director, senior geologist, project manager and ore mineralogist, and consulted for projects

in Canada, USA, China, California, Mexico, Colombia, Panama, Norway, Vietnam, Iran and Russia.

From 2013 to 2018, Mr. Davison acted as senior process mineralogist for Teck Metals Ltd. on VMS

Cu-Zn-Pb-Ag-Au, porphyry Cu and Cu -Mo, Duluth rift intrusion Ni-Cu-PGE, MVT and seafloor

Media Release

replacement Pb-Zn deposits, and metallurgical smelter feed characterization from global sources.

From 2004 to 2009, as VP Exploration, he managed True North Gems’ Tsa da Glisza emerald and

Beluga sapphire projects, and was responsible for advancement of the Fiskenaesset ruby and pink

sapphire project in Greenland, currently an operating mine.

From 1998 to 2004, as VP Exploration, Mr. Davison led Tribute Minerals’ programs in the Red

Lake-Confederation Lake Belt as the first junior exploration company to successfully guide

diamond drilling using state of the art, deep -earth ima ging Quantec Titan geophysical surveys

identifying the 2Mt Garnet Lake VMS deposit and several other targets.

From 1984 to 1997, he conducted and managed mineralogy and diamond exploration testing projects,

including nine years in one the world’s largest commercial process metallurgy test facilities in

Lakefield, Canada.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior e xploration company that has signed

Agreements to acquire 100% of the Melchett Lake Zn-Au-Ag project in northern Ontario and with

Colibri Resource Corp. to acquire 50% interest in Yaque Minerales S.A de C.V. holding the El

Mezquite Gold project, a drill -ready precious metal project in Sonora, Mexico. The Company

also is pursuing exploration of the drill -ready and permitted Pino De Plata Ag project 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.

Contact:

Silver Spruce Resources Inc.

Brian Penney, Chairman and CEO

902-430-8270

[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.

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 and 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 i ntentions contained in this press release are reasonable, there can

be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate.