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Silver Spruce Grants Stock Options

Share Capital & Compensation

Silver Spruce Grants Stock Options

August 26, 2020 - Bedford, NS - (TSXV:SSE) – Silver Spruce Resources Inc. announced today that it has

granted 300,000 stock options to its CFO, Camilla Cormier, with an exercise price of $0.05 per share and

an expiry date of August 26, 2025.

The stock options will vest 1/3 on the date of the grant, 1/3 on the first anniversary of the grant and the

final 1/3 on the second anniversary of the grant.

About Silver Spruce Resources Inc.

Silver Spruce Resources Inc. is a Canadian junior exploration company which 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 Yaq ue 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 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.

Brian Penney, CEO and Director

(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. The company seeks Safe Harbour.

Media Release