SSE Silver Spruce Resources Inc

Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to
report that all resolutions put forward by management and the Board of Directors
at the Annual General Meeting of Silver Spruce Resources Inc., held in
Dartmouth, NS on April 2, 2013 were ratified by the shareholders of the company.
This included a resolution allowing a consolidation of the shares of the company
of up to 1 for 10. Management and the Board has indicated that this
consolidation, if and when required, would be carefully considered and only
undertaken if it is in the best interest of the company overall. 


The company also advises that it has negotiated a loan of $30,000 with the
Chairman of the Board of Directors of Silver Spruce, Lloyd Hillier, to pay the
final option payment of $30,000 for the Big Easy gold/silver property in eastern
Newfoundland. The proceeds of the loan can only be used for this final payment
and the loan is secured by the property itself, such that, if the loan is not
repaid by April 28, 2014, one year after the option payment is made, unless an
extension is granted, the Big Easy property will become the property of Lloyd
Hillier. The loan will give Silver Spruce 100% ownership of the Big Easy
property subject to ongoing advance royalty payments of $20,000 per year and a
3% NSR on any production, of which 1.5% can be bought for $1.5 M. The loan is
subject to ratification by the non-interested directors of Silver Spruce and
approval of the TSX-V. This loan relieves Silver Spruce of a significant, short
term, cash commitment and allows the company further time to look for a JV
partner for the project and/or access financing for further exploration and
development on the property.


The company would also like to announce that George Findlay, a long serving,
independent, member of the Board of Directors, was not re-elected by the
shareholder voting at the AGM. The company would like to thank George for his
service to the Board as a director, the Chair of the Compensation Committee and
as a member of the Audit Committee. The Board of Directors of Silver Spruce
wishes George well in his ongoing endeavours. The remainder of the directors
were re-elected by the shareholders.


The President and CEO of Silver Spruce, Peter Dimmell, says, "We are very
appreciative of the support shown by shareholders in these difficult times and
assure them that we will continue to work in their best interest. Management and
the Board of Directors of Silver Spruce, are significant shareholders in the
company and continue to believe in the potential of the assets it holds. Our
focus at this time is on finding the right joint venture partner for the Big
Easy property and we are confident that this will happen over the next few
months". 


This release has been approved by Peter M. Dimmell, P.Geo., President & CEO of
Silver Spruce Resources Inc., who is a Qualified Person (QP) in NL and ON as
defined in National Instrument 43-101.


About Silver Spruce Resources Inc.

Silver Spruce is a diversified junior exploration company with a significant,
road accessible, low sulphidation, epithermal, gold/silver property in eastern
Newfoundland, which has potential for bonanza grades in both gold and silver -
the Big Easy, and for the longer term, a portfolio of uranium (Snegamook, A7
(Fishawk Lake), Double Mer, Mount Benedict, CMBJV) and rare earth (Pope's Hill,
Pope's Hill JV (w/ Great Western Minerals Group), Straits) projects in Labrador.
Information on the company can be found on the Silver Spruce website at
www.silverspruceresources.com. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Gordon Barnhill, CFO & Director
Silver Spruce Resources Inc.
902.527.5700
902.527.5711 (FAX)
gbarnhill@silverspruceresources.com

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