Silver Spruce Resources Inc. Completes Share Consolidation
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Silver Spruce Resources Inc. Completes
Share Consolidation
HALIFAX, Nova Scotia, October 31 , 202 5 (TSXV: SSE) – Silver Spruce Resources Inc. (“Silver
Spruce” or the “Company”), is pleased to announce that further to its new release dated October 28, 2025,
the Company has completed the consolidation (the “Consolidation”) of its issued and outstanding common
shares (the "Common Shares") on the basis of one (1) post-Consolidation Common Share for every fifteen
(15) pre-Consolidation Common Shares, as approved at the 2024 Annual General and Special Meeting of
Shareholders, held November 5, 2024. The Consolidation has reduced the number of issued and outstanding
Common Shares from 324,152,832 Common Shares to 21,610,189 Common Shares . As previously
announced, no fractional Common Shares were issued in connection with the Consolidation . Where the
exchange resulted in a fractional post-Consolidation Common Share representing less than 0.5 of a post -
Consolidation Common Share, the holder of pre-Consolidation Common Shares was not entitled to receive
one whole post -Consolidation Common S hare, and where the exchange result ed in a fra ctional post-
Consolidation Common Share representing 0.5 or more of a post-Consolidation Common Share, the holder
of pre-Consolidation Common Shares received one whole post-consolidation Common Share.
The Common Shares are expected to begin trading on the TSX Venture Exchange (the “TSXV”) on a post-
Consolidation basis at markets open on November 4, 2025. The Common Shares will continue to trade on
the TSXV under the stock symbol "SSE" under a new CUSIP: 828229302 and new ISIN: CA8282293023.
Outstanding warrants and options w ill be adjusted accordingly to reflect the Consolidation ratio in
accordance with the terms of the respective instruments.
The Company’s transfer agent, TSX Trust Company (the “ Transfer Agent ”) is mailing a letter of
transmittal to each registered shareholder. The letter of transmittal contain s instructions on how to
surrender to the Transfer Agent the certificate(s) representing the pre-Consolidation Common Shares. The
Transfer Agent will send to each registered shareholder who follows the instructions provided in the letter
of transmittal a new share certificate representing the number of post -Consolidation Common Shares to
which the shareholder is entitled or, alternatively, a DRS Ad vice/Statement representing the number of
post-Consolidation Common Shares the shareholder is entitled following the Consolidation. No action is
required by beneficial shareholders of the Company to receive post -Consolidation Common Shares in
connection with the Consolidation. Beneficial shareholders who hold their pre -Consolidation Common
Shares through intermediaries (e.g., a broker, bank, trust company investment dealer or other financial
institution) and who have questions regarding how their Common Shares will be processed in connection
with the Consolidation should contact their intermediaries . Additional copies of the letter of transmittal
can be obtained from the Transfer Agent by calling 1-800-387-0825 or by
emailing [email protected].
Further details regarding the Consolidation are contained in the Company’s management information
circular dated September 23 , 202 4, which is available on SEDAR+ at www.sedarplus.ca under the
Company’s profile.
About the Company
Silver Spruce Resources Inc. is a Canadian junior exploration company holding 100% interest in the Jackie
Au project located less than 10 kilometres northwest from Minera Alamos' Nicho deposit in Sonora, Mexico
and the Melchett Lake Zn-Au-Ag project in northern Ontario. The Company has an option to acquire 100%
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interest in the Pino de Plata Ag project located 15 kilometres west of Coeur Mining's Palmarejo Mine in
western Chihuahua, Mexico. The Company continues to investigate opportunities that management has
identified or that have been presented to the Company for consideration.
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 financ ing on acceptable terms. The Company is not in control of
metals prices and these could vary to make development uneconomic. The forward -looking statements in
this news release, including, without limitation, forward-looking statements relating to the Consolidation,
including the related timing thereof, the treatment of fractional Common Shares in connection with the
Consolidation, the mailing of the letters of transmittal in respect of the Consolidation are made as of the
date of this news release, and the Company assumes 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 the Company believes that the beliefs, plans, expectations and intentions
contained in this news release are reasonable, there can be no assurance that such beliefs, plans,
expectations or intentions will prove to be accurate.
CAUTIONARY STATEMENT:
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.
For further information:
Greg Davison, PGeo, Vice-President Exploration and Director
(250) 521-0444
www.silverspruceresources.com