Silver Pursuit Announces La Luz Drill Results

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UNITED STATES


Silver Pursuit Resources Ltd. (TSX VENTURE:SPF) (the "Company") is pleased to
report on recent results from its La Luz copper-gold property (the "Property")
located 50 kilometers north of Alamos in Sonora, Mexico.


In July 2011, the Company performed a round of diamond core drilling to test for
extensions of outcropping skarn mineralization identified in 2010. A total of
358 meters was drilled in 9 holes. All of the holes intersected altered and
mineralized zones in skarn and calc-silicate altered rocks adjacent to dioritic
porphyry and granodiorite. Table 1 lists the significant intercepts.


Table 1. Significant Intercepts from La Luz Copper-Gold Property, Mexico



                                Core    True
                               Inter-  Width
                  From     To    val    (app-    Au           Ag    Mineral-
Hole     Az. Inc.   (m)    (m)    (m)   rox.)  (g/T)  Cu %  (g/T)   ization
---------------------------------------------------------------------------
LUZ11-01 240  -45  2.1   15.8   13.7    13.7   0.42   0.55  13.4  Magnetite
                                                                    Skarn &
                                                                   Hornfels
---------------------------------------------------------------------------
LUZ11-02 240  -68  2.1   13.9   11.8    13.7   0.58   0.52  16.3  Magnetite
                                                                    Skarn &
                                                                   Hornfels
---------------------------------------------------------------------------
LUZ11-03 305  -45  3.4   17.7   14.3    13.7   0.60   0.56  11.9  Magnetite
                                                                    Skarn &
                                                                   Hornfels
---------------------------------------------------------------------------
LUZ11-06   0  -90 11.0   23.3   12.3    12.1   0.09   0.25  11.8   Oxidized
                                                                  Magnetite
                                                                      Skarn
---------------------------------------------------------------------------
LUZ11-07 245  -50 14.6   26.6   12.1    12.1   0.07   0.23  11.2   Oxidized
                                                                  Magnetite
                                                                      Skarn
---------------------------------------------------------------------------
LUZ11-08 340  -60 11.6   23.9   12.3    12.1   0.33   0.19   8.1   Oxidized
                                                                  Magnetite
                                                                      Skarn
---------------------------------------------------------------------------
LUZ11-09   0  -90  5.3   23.4   18.2    15.0   0.01   0.15   4.1   Oxidized
                                                                  Magnetite
                                                                    Skarn &
                                                                   Hornfels
---------------------------------------------------------------------------



Note: The Company considers these results highly significant but also cautions
that they are preliminary in nature and not conclusive evidence of the
likelihood of the occurrence of an economic mineral deposit.


Drill core was placed in corrugated core boxes and transported to the nearby
village of San Bernardo by the drill contractor. The core was photographed and
logged for geological and geotechnical information. Half core samples were cut
along intervals selected for assay by the site geologist. The samples were
placed in plastic bags and retained in possession of the site geologist until
shipment to the lab. Samples were delivered to the ALS Chemex preparation
facility in Hermosillo, from which pulps were shipped to by ALS Chemex for
analysis at their North Vancouver laboratory. Analyses were performed by Fire
Assay for gold and either AA or ICP techniques for silver and base metals.
Quality Control procedures included the insertion of blanks and standards in the
sample stream at the point of sample collection at a frequency of 1 in 20 or 5%
for each, and monitoring the analytical results of the control samples.


The best copper and gold grades occur in massive magnetite skarn and an
underlying sequence of magnetite skarn alternating with calc-silicate hornfels.
This zone is about 10 to 15 meters in thickness and generally follows a
stratigraphic horizon that strikes northwest and dips northeast in folded limey
sedimentary host rocks. High copper and gold values are associated with the
economic minerals chalcopyrite and magnetite. Total iron content over 50% was
also encountered in some of the iron-rich sections. Significant surface
oxidation has affected the magnetite skarn in holes 6 through 8, resulting in a
mixture of iron oxides including goethite, limonite and hematite. In contrast,
Hole 9 had the highest sulphide content, with up to 10% total sulphur locally,
correlating with high pyrite content. Values for Pb and Zn were elevated in
holes 6 thru 8, and hole 9 had the highest Zn content (up to 4.2% Zn locally).
Hole 9 was stopped before reaching the target zone due to the onset of the rain
season and potential for flooding of the route of access.


Overall, the results indicate a copper-gold magnetite skarn body that is typical
of copper porphyry related deposits. The extent of this body is not known.
Results to date indicate it is separated into a number of blocks by numerous
fault structures but may extend to the north beneath rhyolite cover rocks.


Dr. Matt Ball, P.Geo., is the Qualified Person who prepared the technical
information contained in this news release.


ON BEHALF OF SILVER PURSUIT RESOURCES LTD.

Adrian Robertson, President and CEO
Silver Pursuit Resources Ltd. (TSXV:SPF)
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