SSE Silver Spruce Resources Inc

Silver Spruce Resources Inc. (TSX VENTURE:SSE) is pleased to update shareholders
on results recently released by Crosshair Energy Corporation on the former
Central Mineral Belt Joint Venture (CMBJV) properties on which Silver Spruce
holds a 2% Net Smelter Return (NSR). 


Crosshair reported on August 22, 2012 that drilling on the Two Time deposit, on
the CMB Northwest (NW) property, intersected mineralization at the expected
depth over a significant interval (see results below), indicating the deposit is
continuous to the south along strike and down dip. Drill hole CMB-12-49 is a 50m
step out to the south from previous holes that were last drilled in 2011, lying
approximately 50 m to the north of the north boundary of the Snegamook property,
which is owned 100% by Silver Spruce.




----------------------------------------------------------------------------
                              From            To      Interval              
Hole ID                        (m)           (m)           (m)         U3O8%
----------------------------------------------------------------------------
CMB-12-49                    492.5         521.0          28.5         0.031
----------------------------------------------------------------------------
including                    494.0         498.0           4.0         0.051
----------------------------------------------------------------------------
and                          513.5         516.5           3.0         0.074
----------------------------------------------------------------------------



Silver Spruce holds a 2% NSR on the CMBJV properties and the Two Time deposit,
discovered by Silver Spruce in 2006/07. It hosts a NI 43-101 indicated resource
of 2.33 million lbs (1.82 MT at 0.058% U3O8) and an additional inferred resource
of 3.73 million lbs (3.16 MT grading 0.053% U3O8). The CMBNW property is
contiguous with both the Snegamook and A7 properties owned 100% by Silver Spruce
(see map on website for property positions). The Snegamook property hosts a
number of uranium showings, including the Snegamook zone on strike to the south
of the Two Time zone, as well as the Near Miss prospect. At the Snegamook zone,
17 drill holes intersected a 20 to 50 m wide section of uranium mineralization
in the the same geological setting as the Two Time zone, over a strike length of
300 m and to a vertical depth of 200 m. The Anomaly 7 (A7) uranium property
purchased from Virginia Energy Resources Inc. in August 2012 (news release dated
August 7, 2012) hosts a number of significant uranium showings, including the
Anomaly 7 (A7) and the Fishhawk Lake South (FHLS), with drill intersections of
0.13% U3O8 / 23.4 m, including 0.25% / 9.7 m on the A7 and 0.063% U3O8 / 27.9 m,
including 0.18% / 4.5 m and 0.106% / 9.9 m in DDH FHLS-07-3 on the FHLS. 


A claim map showing the property position and the various showings on the
property and in the area is available on the Silver Spruce website at
www.silverspruceresources.com. 


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 portfolio of
gold/silver (Big Easy), uranium (Snegamook, A7, Double Mer, Mount Benedict,
CMBJV (NSR)) and rare earth (Pope's Hill, Pope's Hill JV (with Great Western
Minerals Group), MRT, RWM and the Straits) in Newfoundland and Labrador. With
interests in more than 4,000 claims totalling more than 1,000 km2 in Labrador,
Silver Spruce is one of the largest landholders in one of the world's premier
emerging rare earth and uranium districts. For additional information, please
visit the company's website - www.silverspruceresources.com.

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