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Silver Spruce appoints Paul K. Smith and William Fleming to Company’s Advisory Board

Management Changes

Silver Spruce appoints Paul K. Smith and William Fleming to Company’s Advisory Board

March 19, 2025 - Bedford, NS - (TSXV:SSE) - Silver Spruce Resources Inc. ("Silver Spruce" or

the "Company") announces the appointments of Paul K. Smith and William Fleming to the

Company’s Advisory Board, effective immediately.

Greg Davison, Silver Spruce Vice -President Exploration and Director stated, “We are very

pleased to welcome Paul and Bill to our Advisory Board. Both gentlemen have a multi-faceted

wealth of experience to drive the Company forward with their business acumen and technical

expertise. We look forward to the future development of the Company together.”

Paul K. Smith (P.Geo.) ‘has acted as President and CEO of Mountain Lake Minerals, MLK

Gold, and Triple One Metals since 2012 beginning with the successful plan of arrangement

between Mountain Lake Resources and Marathon Gold for the Valentine Lake gold deposit.

Paul is a professional geologist with an MSc in structural geology from Acadia University. Paul

has a unique mineral deposits skill set stemming from both private and public sector experience.

He spent 33 years with the Mineral Resources Section of the Nova Scotia Department of Natural

Resources as a Senior Research Gold Geologist and as Liaison Geologist for the Mineral

Resources Branch. Paul has carried out research and exploration on gold, base metals, iron

deposits, tungsten mineralization, lithium deposits, REE, and other critical metals. He joined

Acadian Mining Corp in 2008 and was instrumental in the cleanup and sale of the ScoZinc Zn -

Pb mine at Gays River acting as VP Environmental Compliance and Permitting. Paul currently

serves as COO and CFO for Triple One Metals. Paul has strong communication skills and has

travelled and worked throughout Canada, the USA, Australia, New Zealand, and Mexico.’

William “Bill” Fleming ‘exemplifies discipline and entrepreneurial vision, qualities cultivated

during his service in the Canadian Armed Forces. His military background not only instilled a

results-driven mindset but also equipped him with strategic foresight —attributes that now guide

Summit36 Capital Corp. toward operational excellence and long-term success. Over the past 30

years, Mr. Fleming has established himself as a seasoned executive, serial entrepreneur, and

innovator. He has founded and led ventures across diverse industries, including cannabis, real

estate, technology, mining and biotechnology. This wealth of experience enables him to identify

opportunities, navigate risks, and scale businesses with remarkable precision.

Mr. Fleming’s expertise in capital raising and corporate governance forms the backbone of

Summit36’s strategic vision. His extensive experience in running public companies ensures the

firm operates with integrity and adheres to the highest standards, while positioning itself for its

next chapter —whether transitioning to a registered hedge fund or preparing for a public

offering. At the core of Mr. Fleming’s leadership is a commitment to sustainable growth and

innovation. His proven ability to transform challenges into opportunities places Summit36 at the

forefront of the financial landscape, primed for dynamic growth and success.’

Media Release

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company holding 100% of the

Melchett Lake Zn -Au-Ag project in northern Ontario and has signed Definitive Agreements to

acquire 100% interest in the Mystery Au project in the Exploits 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 25% interest in BIMCOL Minera’s

Diamante Au -Ag project located northwest from Minera Alamos' Nicho deposit in Sonora,

Mexico. Silver Spruce also has a 50:50 joint venture agreement with Colibri on the nearby

Jackie Au project. 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.

Greg Davison, PGeo, Vice-President Exploration and Director

(250) 521-0444

[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.

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 finan cing

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