Silvore Fox Begins Test Drilling of Targets in Chile

Silvore Fox Minerals Corp. (the "Corporation" or "Silvore Fox")(TSX VENTURE:SFX)
is pleased to update the geological due diligence program for the Totora and
Harvest properties recently optioned in Chile. 


On September 15, 2011 Silvore Fox announced the signing of a Letter of Intent
("LOI") with Sinotech Mineral Exploration Chile Limitada ("Sinotech") to acquire
a 100% interest in the Totora Gold Property and the Harvest Property, each with
no NSR. 


Silvore Fox has contracted with Santiago, Chile based drilling company
Ingenieria Y Sondajes Limitada, and drilling has commenced on the Totora
property located south of Copiapo where a large shear zone containing gold and
copper bearing lodes occurs within Paleozoic metamorphic rocks near the contact
with a quartz diorite. The planned drill program includes seven test holes
(1,050 total meters) of diamond NQ drilling.


Surface mapping and data interpretation by Sinotech, the property vendor, had
previously indicated mineralized widths of vein system from 2 to 30m. The
drilling will test two of the major north south trending gold copper lode
systems for continuity and overall grade to depths of about 150m. The program is
under the supervision of Dr. S. Zhang, a Chilean based consultant under contract
to manage the Silvore Fox activities in Chile. Dr S. Zhang was until recently
the country manager for Sinotech.


On the Harvest Gold property a 19-line (1,200 meters per line) Geophysical
Induced Polarization (IP) program is currently underway as part of a
pre-drilling program to identify the most prominent drill targets within the
vein systems. Mapping and a ground magnetic survey for the Harvest property were
previously completed by Sinotech.


The LOI provides Silvore Fox with 90 days to conduct significant geological due
diligence, including drilling. (Please refer to the Press Release dated
September 15, 2011 for details) 


Management Comments

"After having an opportunity to further review some of Sinotech's existing data
on these properties the Silvore Fox team is excited to get a drill turning on
the Totora property and continue pre-drilling work on the Harvest property. We
are continuing to perform our corporate and geological due diligence for this
important transaction in a thorough and professional manner on behalf of our
shareholders. Both Silvore Fox and Sinotech expect to sign the Formal Agreement
on or before December 14, 2011." 




--  Mr. Harold Cabrita, President and CEO



Ian Chisholm, PEng, a qualified person as defined by National Instrument 43-101,
has reviewed and approved the technical information contained in this news
release.


About Silvore Fox Minerals Corp.

Silvore Fox Minerals Corp. is a Canadian public mineral exploration company
based in Toronto. We are focused on both base and precious metal exploration
projects within a diversified portfolio of properties that attempts to minimize
political risk without limiting potential returns for our shareholders. 


On November 17th, 2010, Silvore Fox entered into a Strategic Agreement with
Beijing Donia Resources Co. Ltd ("Donia") at the China International Mining
Conference, 2010. Donia is the single largest shareholder of Silvore Fox
currently holding approximately 30% of the Corporation's outstanding shares.
This strategic partnership provides the Corporation with a strong platform for
growth through mineral exploration expertise, funding and strategic
acquisitions. SFX has an experienced management and geological team.


Harry Cabrita 

President and CEO

Dr. Jingbin Wang 

Chairman

This press release contains "forward-looking information" within the meaning of
applicable securities laws relating to the intention of the Corporation to begin
exploration activities on the properties being discussed. Readers are cautioned
not to place undue reliance on the forward-looking information. Actual results
and developments may differ materially from those contemplated by this
forward-looking information depending on, among other things, the risks of
funding by the Corporation of the exploration and development on the properties.
Such forward-looking information is based on current expectations that involve a
number of known and unknown risks and uncertainties that may cause actual
results to differ materially from those expressed or implied by the
forward-looking information. Factors that could cause actual results to differ
materially from any forward-looking information include, but are not limited to,
the risks of capital and operating costs varying significantly from estimates,
delays in obtaining or failures to obtain required governmental, environmental
or other project approvals, inflation, delays in the development of projects,
uncertainties relating to the interpretation of the geology, and unanticipated
operational or technical difficulties and other factors. Such forward-looking
information is based on a number of assumptions, including but not limited to,
the availability of skilled labour, availability of equipment, and future
capital and operating costs. Should one or more risks and uncertainties
materialize or should any assumptions prove incorrect, then actual results could
vary materially from those expressed or implied in the forward-looking
information and accordingly, readers are cautioned not to place undue reliance
on this forward-looking information. The Corporation does not assume the
obligation to revise or update this forward-looking information after the date
of this announcement or to revise such information to reflect the occurrence of
future unanticipated events, except as may be required under applicable
securities laws.