Silver Range Resources Announces Termination of Property Transaction

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 29, 2014) - Silver Range Resources Ltd. (TSX VENTURE:SNG) ("Silver Range") announces that it and Strategic Metals Ltd. will not proceed with the mineral property purchase and sale transaction announced on June 19, 2014. Both companies have agreed to terminate the purchase and sale agreement as the current value of the properties does not support the costs required to obtain regulatory approval of this related party transaction.

About Silver Range Resources Ltd.

Silver Range is a junior mineral exploration company listed on the TSX Venture Exchange. The Company is exploring for zinc, lead and silver at wholly-owned projects in Yukon Territory. Its main focus is the Silver Range project, where multiple bulk-tonnage and high-grade prospects are located within an area of exceptional infrastructure near the town of Faro and former mines in the Anvil district.

SILVER RANGE RESOURCES LTD.

Ian J. Talbot, Chief Operating Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.