Silver Spruce Board Appoints New President, CEO and Director

BRIDGEWATER, NOVA SCOTIA–(Marketwired – Nov. 24, 2016) – Silver Spruce Resources Inc. (“Silver Spruce” or the “Company”) (TSX VENTURE:SSE)(FRANKFURT:S6Q) is pleased to announce that its Board of Directors has approved the appointment of Karl J. Boltz as President and Chief Executive Officer of the Company. Mr. Boltz has also been appointed by the Board to serve as a Director of Silver Spruce.

“On behalf of fellow Board members, I congratulate Karl on his new leadership role as President and CEO and welcome him to the Board of Directors of Silver Spruce Resources Inc.,” stated Chairman, Dr. Brian Penney. “I would also like to thank Mr. Stephan Jedynak for his leadership during the restructuring and turnaround process that has helped to position the Company to pursue opportunities that can enhance value for our shareholders.”

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