BRIDGEWATER, NOVA SCOTIA–(Marketwired – July 13, 2016) – Silver Spruce Resources Inc. (TSX VENTURE:SSE)(FRANKFURT:S6Q) announces a non brokered private placement to sell up to 7,692,308 units (the “Units”) in the capital of the Company at a price of $ 0.065 cents per Unit for total proceeds of up to CDN $500,000. Each unit will consist of one (1) common share in the capital of Silver Spruce and one share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of Silver Spruce (a “Warrant Share”) for ten cents ($0.10) at any time prior to the date which is twenty four months (2 years) from a particular Closing Date, at which time the Warrants will expire. All units acquired pursuant to the private placement, and shares which may be acquired upon the exercise of the warrants, are subject to a four (4) month hold period in accordance with applicable securities legislation.