Silvore Fox Minerals Corp.: Vendor Defaults on Madagascar Project Sale

Silvore Fox Minerals Corp. (the "Corporation" or "Silvore Fox")(TSX VENTURE:SFX)
announces that Gaea Mining Co Ltd. Sarl ("GAEA") has failed to perform its
obligations under the previously announced binding letter of intent signed with
the Corporation in April 2011 regarding the sale to the Corporation of a 55%
interest in two copper properties in the Maindelanu region of western
Madagascar. In particular, GAEA was not able to deliver title to the properties
on or before January 15, 2012 and is therefore in default under the terms of the
letter of intent.


The Corporation is conferring with its legal advisors in Madagascar regarding
potential legal recourse against GAEA as a result of this breach.


About Silvore Fox Minerals Corp.

Silvore Fox Minerals Corp. is a Toronto, Ontario, Canada based public mineral
exploration company, focused on base and precious metal exploration projects. On
November 17, 2010, the Corporation 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. The Corporation has an experienced management and geological team.