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SSE.V ·

Silver Spruce Resources, Inc. Announces New Chief Financial Officer

Management Changes

Silver Spruce Resources, Inc. Announces New Chief Financial

Officer

August 10 , 2026 – BEDFORD, NS - (TSXV: SSE) – Silver Spruce Resources , Inc. (“Silver

Spruce” or the “Corporation”) announces that its Board of Directors has approved the

appointment of Kevin Thieneman as Chief Financial Officer, replacing Michael Kinley.

Mr. Thieneman previously worked as a Certified Public Accountant, and licensed attorney, in the

State of Illinois. Mr. Thieneman was formerly the President of Caterpillar Inc. Forest Products

Division, and an Officer of LiuGong Machinery, one of China's largest construction and mining

equipment manufacturers with global sales and operations. He is a global executive with decades

of experience in turnarounds of manufacturing operations and end -to-end businesses; and with

extensive on-the-ground experience in China and India. He previously Chaired the U.S. -ASEAN

Business Council infrastructure committee while leading delegations to Indonesia and Vietnam.

Mr. Thieneman is a graduate of Duke University, Juris Doctorate, with honors. He currently serves

on the Board of Directors of Plymouth Tube Company and on the Board of Advisors for Cornwell

Capital; and is Chairman of the Corporation.

The Corporation would like to thank Mr. Kinley for his service as CFO and wishes him well in his

future endeavours.

The Corporation announces changes to t he Audit Committee , and is now comprised as follows :

Kevin O’Connor (Chair), Lisa Ng (Member), Don Hunter (Member).

About Silver Spruce Resources

Silver Spruce Resources Inc. is a Canadian junior exploration company. The Company’s

diversified exploration portfolio includes:

• Pino de Plata Ag Project – High-grade silver property with historic artisanal mining

located 15 kilometres west of Coeur Mining’s Palmarejo Mine in western Chihuahua,

Mexico

• Jackie Au-Ag Project – Early-stage epithermal project with high-grade surface sampling

and strong structural targets located <10 kilometres northwest from Minera Alamos’ Nicho

deposit in eastern Sonora, Mexico

• Melchett Lake VMS Zn-Ag-Au-Cu Project – Polymetallic project with historical drilling

in the Thunder Bay Mining District of Ontario

Contact:

Kevin O’Connor, CEO & Director

(312) 509-5972

[email protected]

[email protected]

Media Release

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.

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, ther e can

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