Silver Range Resources Ltd. advances Sniper prospect

7 January 2021

Silver Range Resources Ltd. is pleased to announce that it has completed soil geochemical surveys at its high-grade Sniper gold-silver property in Esmeralda County, Nevada.
During September 2020, a soil geochemical survey was completed over the claims and surrounding area at the Sniper Property, approximately 10 km south of Gold Point in the Tokop Mining District.  A total of 153 soil samples and 6 grab samples were collected during the survey.  A large soil anomaly in gold, silver and arsenic is located along the inferred contact between Jurassic Sylvania Pluton granodiorite and an overlying roof pendant of Precambrian Wyman Formation carbonates and siltstone.  Peak soil responses in gold and silver were 82.8 ppb Au and 1.35 ppm Ag respectively.  Rock sampling to date has returned assays from separate grab samples up to 121 g/t Au and 1,375 g/t Ag.  A chip sample assaying 0.40 m @ 46.3 g/t Au was collected across exposed vein mineralization.