Silver Spruce Completes Airborne Survey and Receives Check Assays for the Big Easy Gold/Silver Property, Eastern Newfoundland

Silver Spruce Resources Inc. (TSX VENTURE:SSE) is pleased to announce that the
high resolution magnetic / VLF-EM airborne survey has been completed and
preliminary results received on the road-accessible, Big Easy gold/silver
property in eastern Newfoundland. The Big Easy prospect is a large, altered
(silicified) system that covers an area of approximately 1.7 kilometres by up to
300 metres wide. The prospect was drilled in 2011 and 2012 - a total of 12 holes
over a 1.2 km strike length, giving significant gold (Au) and silver (Ag) values
in a number of the drill holes (news releases September 18, 2012, August 16,
2012 and June 7, 2011). 


Airborne Survey 

The airborne, high resolution magnetic / VLF-EM survey was carried out in late
September by Terraquest Ltd. of Mississauga, ON. The aim of the survey was to
improve the understanding of the geological setting of the area by a
lithological/structural interpretation based on the survey results, drilling and
surface geology. 


The preliminary magnetic data shows a broad, NNE (025 degrees) magnetic high
trending through the main portion of the claim group with narrow linear, NNE
trending magnetic lows within the overall magnetic high. The magnetic lows are
offset by linear zones and possible dikes / faults, trending NNW (340 degrees).
A sinuous magnetic low joins the BE and ET zones, continuing to the south of the
ET zone. The preliminary VLF-EM data shows NNE and NNW trending, as well as a
number of E-W to ENE-WSW trending conductive zones cutting through the property.



"We are pleased with the resolution of both the magnetic and VLF-EM data. Based
on what we are able to tie into our existing geological and structural
compilation, the final results should enable us to better target continued
exploration, including drilling," states Peter Dimmell, President and CEO of
Silver Spruce Resources.


Line spacing was 200 m in the known mineralized areas (Big Easy and ET) and 300
m over the rest of the property, at a mean terrain clearance of approximately 70
m. The survey was flown using E-W lines and N-S tie lines for a total of 349
line km. The VLF-EM used two orthogonal receivers, with the main transmitter
Cutler, ME. 


Check Sample Assays 

Results were received for a total of 51 reject samples of core from the 2012
diamond drilling program, which were shipped to Activation Laboratories in
Ancaster, ON for check analysis. The samples were analyzed for gold by fire
assay, as well as an ICP technique that gives good detection limits for other
elements such as Ag, arsenic (As) and mercury (Hg). Mercury was not analyzed in
the original sampling. Duplicate analyses carried out routinely in the original
analytical program gave generally consistent results for gold, silver and other
elements. Check samples were taken from the "reject sample portion" of low,
moderate and high values in both gold and silver.


The variability of the check sample results compared to the original results was
significant, especially in gold and silver. The combination of limited
reproducibility between the two sets of analyses, yet significant values in
both, point to a "nugget affect" in both elements. Some examples are given in
the following table:




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          Check Sample Analyses - Big Easy - 2012 Diamond Drilling          
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Hole #               Sample           From              To            Length
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                          #              m               m                 m
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BE-12-9              553610            5.0            5.65              0.65
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"                    553610           12.8            13.8               1.0
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BE-12-10             553792           10.8            12.0               1.2
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"                    553849            104             105               1.0
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"                    553853            109           110.5               1.5
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BE-12-11             948506           10.8            11.2               0.4
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                     948509           12.7              14               1.3
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                     948535           41.5            42.2               0.7
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BE-12-12             948676           27.7            28.7               1.0
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                     948734           87.5              89               1.5
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                     948790          141.5           142.5               1.0
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                     948844          203.9           204.4               0.5
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Hole #                           Gold (Au)                       Silver (Ag)
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                                       ppb                               g/T
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                 Accurassay        Actlabs      Accurassay           Actlabs
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BE-12-9                 472            471              21              82.2
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"                      1196           2110              17                32
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BE-12-10                504            410               4              12.3
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"                      1146             28               4                 3
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"                      1037             64               3               3.5
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BE-12-11               4391           6390              69 greater than 100
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                        194            188    less than 1               8.1
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                        662           1320               2              18.3
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BE-12-12                782            728              48              28.9
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                        118             76              90              53.5
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                        104            133              36              38.8
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                        860            913              98 greater than 100
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Note: The drill core was sawn in half, with one half sent to Accurassay     
Laboratories in Thunder Bay, ON for analysis for gold by fire assay (ALFA1 -
30 g sample) and an ICP technique (ICPAR1) for other elements, including Ag.
Silver assays greater than 100 g/T were rerun using an ore grade technique. 
Fifty-one (51) check sample core rejects were sent to Activation            
Laboratories Ltd. in Ancaster, ON. for analysis for Au by fire assay (Codes 
1A2 and 1A3) and other elements by ICP/MS (Code UT-4).   The other half of  
the core was retained for further study.                                    
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The gold analyses in Hole BE-12-10 are problematic as the two check samples from
this section gave values of 28 and 64 ppb Au, although the two original samples
gave values over 1 g/T and the overall section from 101 to 112.25 m (11.3 m)
gave 0.8 g/T Au and 3.8 g/T Ag. The reduction in values in the check samples
reduces the overall gold values in the section significantly. The rest of the
samples in this section, which gave only low Ag values in comparison to most of
the other significant gold/silver zones, are being re-analyzed as check samples
to evaluate possible contamination in the original analyses. Results will be
reported when received. Check sample results for other elements such as As,
molybdenum (Mo) and copper (Cu) gave generally good coincidence. The Hg analyses
gave low values with a high of 50 ppb.


Ongoing Exploration 

Prospecting and stream sediment geochemistry has been completed in the eastern
and southern portion of the property to evaluate the area for an extension of
the alteration/mineralization to the south of the ET zone. Although the area is
generally bog covered with shallow streams and ponds, a number of samples were
acquired and have been submitted for analysis. Results will be reported when
received and compiled with the airborne data. 


Plan maps and a summary of the drilling; compilation maps of the property; and
pictures showing the drilling, drill core and other exploration on the property
are shown 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 the Big Easy Property 

The road-accessible, 294 claim (73.5 square kilometre) property, located near
Thorburn Lake in eastern Newfoundland, was optioned from prospectors Alex Turpin
and Colin Kendall. The agreement, to earn 100% interest subject to a 3% NSR with
a 1.5% buyback for $1.5 M, is for a total of $110,000 plus 1.6 M shares over
three years. A yearly advance royalty payment of $20,000 per year, deducted from
future NSR payments, is payable from the fourth anniversary on. 


About Silver Spruce Resources Inc. 

Silver Spruce is a diversified junior exploration company with a portfolio of
gold/silver (Big Easy), uranium (Snegamook, A7 (Fishawk Lake), Double Mer, Mount
Benedict, CMBJV) and rare earth (Pope's Hill, Pope's Hill JV (with Great Western
Minerals Group), MRT, RWM and the Straits) projects in Newfoundland and
Labrador. With interests in more than 4,000 claims totalling more than 1,000
square kilometres in Labrador, Silver Spruce is one of the largest landholders
in one of the world's premier emerging uranium and rare earth districts.