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News - Tuesday, June 26, 2007
Detailed Sampling Discovers Highly Anomalous Lake Sediments on
CMB JV Properties
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Highlights

- CMBNW block - values to 374 ppm uranium to the northeast of the Two
Time showing area
- Jacques Lake block - values greater than 200 ppm uranium in two areas

June 26 2007, Bridgewater, NS / Vancouver, BC. - Silver Spruce
Resources Inc. (TSXV: SSE) and Universal Uranium Ltd. (TSXV: UUL) are
pleased to announce the results of detailed lake bottom geochemistry
surveys on the CMB NW and Jacques Lake properties, part of the CMB
joint venture.

The results indicate significant uranium anomalies on both properties.
The CMBNW block returned values ranging from background (less than 17
ppm) to 374 ppm. Two significant anomalous areas were defined. The
first area lies south of the Kanairikotok river and extends from the
Near Miss showing continuing northeast to encompass the Two Time Zone
and HF occurrence. The highest values, ranging from 6.5 to 374 ppm with
six values greater than 100 ppm, are located further to the northeast
in an unexplored area. In comparison, lake sediment values in the area
of the Two Time showing, where drilling has defined an extensive zone
of uranium mineralization, ranged from 9.8 to 44.9 ppm. The second
area of anomalous samples was located to the north of Snegamook Lake,
in the northwest portion of the property, with values ranging from 5.4
to 258 ppm and three values greater than 60 ppm. In this area, an
additional 56 claims were added to protect the anomalous area as it is
located near the boundary of the pre-existing CMBNW property.

At the Jacques Lake property, values ranged from a high background of
approximately 30 ppm, to 217 ppm. Two anomalous areas were defined. The
first area lies to the north of Jacques Lake in the central/northeast
portion of the property with values ranging from 14 to 207 ppm and 17
values greater than 50 ppm. The second area is located in the northwest
corner of the property with values from 27 to 217 ppm and two values
greater than 100 ppm.

Lloyd Hillier, President and CEO of Silver Spruce states: "The results
of the lake bottom sediment sampling on the CMBNW block indicate the
potential for continuity between the three known mineralized zones and
the likelihood that mineralization may continue northeast to an
unexplored area. We are also encouraged by the results from the Jacques
Lake property and are optimistic that more uranium mineralization will
be located as the summer work program continues."

Samples were analyzed at Actlabs in Ancaster ON, by delayed neutron
counting (DNC) for U and an ICP technique for other elements, the same
techniques used in the government surveys that led to the initial
staking of the properties. Government background uranium values for the
area are less than 10 ppm. Plan maps of the lake sediment results for
uranium are available on Silver Spruce's and Universal Uranium's
websites. Results for ICP remain pending.

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 THE CMB NORTHWEST and JACQUES LAKE PROPERTIES
The CMBNW and Jacques Lake blocks are part of the Silver
Spruce/Universal Uranium CMB joint venture previously announced.

ABOUT SILVER SPRUCE RESOURCES
Silver Spruce Resources Inc. (TSXV: SSE) is a junior exploration
company primarily focused on uranium in the Central Mineral Belt (CMB)
of Labrador, Canada. With over 9,500 claims totaling approximately
2,400 square kilometers in Labrador and over 5000 claims in the CMB,
Silver Spruce is the second largest landholder in one of the world's
premier emerging uranium districts. A large-scale exploration program
on the company's properties in the summer of 2006 resulted in the first
uranium discovery in October at the Two Time showing, from early stage
follow up of the airborne surveys. With experienced partners and strong
financial backing, Silver Spruce is emerging as a leading uranium
explorer in Labrador.

ABOUT UNIVERSAL URANIUM
Universal Uranium Ltd. (TSXV:UUL) is a publicly held Canadian uranium
exploration company focused on acquiring, exploring and developing
uranium properties located in favorable geo-political climates. The
company is led by a highly skilled, experienced board and management
team with significant successes in managing early stage mineral
exploration companies.

PLAN OF ARRANGEMENT
Under the terms of the previously announced June 15th, 2007 plan of
arrangement, Universal Uranium Ltd. and Silver Spruce Resources have
agreed to consolidate all Canadian uranium properties into one company.
Universal Uranium shareholders (as of the record date) will receive
one share in Silver Spruce Resources Inc. and one share in a new
corporation created by spinning out Universal Uranium's US properties.

For Further Information Contact:

SILVER SPRUCE RESOURCES HEAD OFFICE
Gordon Barnhill, CFO & Director
Phone: 902.527.5700
Fax: 902.527.5711
E-mail: gbarnhill@silverspruceresources.com
Web: www.silverspruceresources.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

INVESTOR RELATIONS
Sean Charland, Longview Capital Partners Inc.
Phone: 604.681.5755 ext. 291
E-mail: scharland@longviewcp.com
Web: www.longviewcp.com

UNIVERSAL URANIUM HEAD OFFICE
Clive Massey, CEO & Director
Phone: 604.662.3903
Fax: 604.662.3904
E-mail: cmassey@universaluranium.com

INVESTOR RELATIONS
Bill Galine, Director of Corporate
Communications
Phone: 604.662.3903 ext. 106
E-mail: bgaline@universaluranium.com
Web: www.universaluranium.com

The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release. The Company seeks Safe Harbour.

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Copyright (c) 2007 SILVER SPRUCE RESOURCES INC. (SSE) All rights
reserved. For more information visit our website at
http://www.silverspruceresources.com/ or send
mailto:info@silverspruceresources.com
Message sent on Mon Jun 25, 2007 at 2:56:49 PM Pacific Time
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