April 20th, 2016
Silver Predator Grants Stock Options
Toronto, Ontario, April 20th, 2016: Silver Predator Corp. (TSX.V:SPD) (the “Company” or “Silver Predator”) announces that it has granted an aggregate of 2,000,000 incentive stock options to the directors and officers to purchase up to 2,000,000 common shares in the capital of Silver Predator. The incentive stock options have an exercise price of $0.05 per share, expire two years from the date of grant and fifty percent of the options vest immediately and the remaining fifty percent vest in six months. As a result of this option grant, Silver Predator has 4,500,000 stock options issued, representing 3.5% of the issued and outstanding share capital.
Silver Predator Corp.
Silver Predator owns the Springer Tungsten Mine and Mill Complex where the current mineral resource estimate(1) is 246,117 Indicated tons at an average grade of 0.43% containing 106,113 STU’s (short ton units) of WO3 (tungsten trioxide) and 1,768,968 Inferred tons at an average grade of 0.48% containing 852,884 STU’s of WO3. The Springer facility was originally constructed by General Electric Corp. in the late 1970’s and was operational for a few months in the early 1980’s and due to low tungsten prices the project was put on care and maintenance. Golden Predator Corp. modernized the mill in 2007-2008.
The Company also holds the Taylor silver-gold project in Nevada. The Taylor project hosts a current resource estimate (2) , is open to expansion, and is located in a district that has identified the potential for discovery of additional silver and gold deposits.
Mr. Michael Maslowski, CPG, a Qualified Person as defined by National Instrument 43-101 and a consultant for the Company, has reviewed, verified and approved disclosure of the technical information contained in this news release.
For additional information:
William M. Sheriff
(208) 635 5415
1) Silver Predator Corp News Release dated February 12, 2016
2) National Instrument 43-101 Technical Report; NI 43-101 of the Taylor Silver Project, White Pine County, Nevada, USA by Thomas H. Chadwick, Dean D. Turner, and Patrick J. Hollenbeck dated March 18, 2013 filed on SEDAR.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.