September 20, 2006 - Silver Spruce Resources Inc. (TSXV:SSE, Frankfurt S6Q) is pleased to announce analytical results from the recent discovery of an anomalous radioactive zone, announced on September 12, 2006, on airborne radiometric target Central Mineral Belt ("CMB") NW2, located to the south of the Kanairiktok River, in the western part of the CMB of Labrador.

Grab samples were taken from 22 locations over an area of approximately 300 m by 50 m, along the trend of the radiometric anomaly (map available at www.silverspruceresources.com). Values ranged from 2783 to 18 ppm U3O8. Eight samples gave individual values > 0.1 % U3O8 with 12 samples averaging > 0.05 % U3O8 (see Table 1 for individual sample results). Individual results in duplicate samples were sometimes quite variable, possibly due to a "nugget affect" in the samples. This is being addressed by the laboratory; however, it is obvious that this radioactive zone carries significant uranium mineralization. The zone remains open in all directions.

The host rock is a felsic intrusive which has been brecciated and fractured with red earthy hematite and a grey mineral, possibly uraninite, associated with fractures. Uranophane, a yellow alteration product of uranium, has been tentatively identified in the field.

Analyses were performed by Activation Laboratories in Ancaster, Ontario, an approved, accredited laboratory, using the delayed neutron activation technique, which gives good results for samples carrying up to 1 % U.
Follow up on this target will consist of prospecting, gridding, soil and humus geochemistry, ground scintillometer surveys, geological mapping, hand trenching and channel sampling to prepare for a drilling program planned for winter 2007.

The CMBNW block is part of the Silver Spruce/Universal Uranium Ltd. (TSXV:UUL) CMB/Seal Lake joint venture previously announced. Under the terms of this agreement, Universal Uranium can earn a 60-percent interest in the properties by spending $2-million on exploration over a three year period with Silver Spruce acting as the operator during the earn-in period.

This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, Silver Spruce Resources Inc., who is a Qualified Person (QP) as defined in National Instrument 43-101.

ABOUT SILVER SPRUCE
Silver Spruce Resources Inc. (TSXV: SSE) is a junior mining exploration company primarily focused on uranium in the Central Mineral Belt (CMB) of Labrador, Canada. With over 5,000 claims totalling more than 1,250 square kilometres, Silver Spruce is the second largest land holder in one of the world's premier emerging uranium districts. In the 12 months commencing summer 2006, Silver Spruce is planning a large scale exploration program on its CMB and area properties at a cost of more than $2 million. With experienced development partners and strong financial backing, Silver Spruce is emerging as a leading uranium explorer in central Labrador.

This release has been approved by Peter Dimmell, P.Geo., Vice President of Exploration, who is the Qualified Person (QP) as defined in National Instrument 43-101.

On behalf of the Board of Directors, Gordon Barnhill, CFO and Director.

FOR FURTHER INFORMATION, CONTACT:

HEAD OFFICE
Gordon Barnhill, CFO & Director
Phone: 902.527.5700
Fax: 902.527.5711
E-mail: gbarnhill@sse-tsx.com
Web: www.silverspruceresouces.com

INVESTOR RELATIONS
Keir Reynolds, Ascenta Capital Partners Inc.
Phone: 604.684.4743 ext. 231
Toll Free: 1.866.684.4743 ext. 231
E-mail: keir@ascentacapital.com
Web: www.ascentacapital.com

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this Release. The company seeks safe harbour.

Analyte Symbol	U	U3O8	U	U3O8
Unit Symbol	ppm	ppm	ppm	ppm
Detection Limit	0.1	(U x 1.1792)	0.1	(U x 1.1792)	Average
Analysis Method	DNC		DNC		U3O8 (%)
Sample Number	2nd	2nd	1st	1st
TT-01	1070	1262	140	165	0.071
TT-02	76	89	958	1130	0.061
TT-03	435	513	970	1144	0.083
TT-04	63	74	51	60	0.007
TT-05	2360	2783	136	160	0.147
TT-06	79	94	59	70	0.008
2003	595	702	410	483	0.059
2006	ns	ns	>1500	> 1769	0.177
2007	2150	2535	>1500	> 1769	0.215
2008	79	94	69	81	0.009
2009	279	329	324	382	0.036
2010	296	349	160	189	0.027
2011	475	560	230	271	0.042
2012	522	616	712	840	0.073
2013	867	1022	662	781	0.090
2014	ns	ns	13	15	0.002
2015	1330	1568	692	816	0.119
2016	430	507	ns	ns	0.051
2017	45	53	ns	ns	0.005
2021A	124	146	ns	ns	0.015
2021B	376	443	ns	ns	0.044
2022	15	18	ns	ns	0.002
20U0627073 SN 0002	ns	ns	1080	1274	0.127
average value	583	688	370	437

Note: NS means no sample; 2 samples (2006, 2007) > 1500 ppm are pending final analyse

click to enlarge


View News Release and Map in PDF Format: