Silk Road Resources Private Placement of 7% Unsecured Convertible Debenture Update



    
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    SERVICES/
    

    TORONTO, Aug. 21 /CNW/ - Silk Road Resources Ltd. (TSXV - SIL) (the
"Company") is continuing to work towards completion of the second tranche of
its previously announced non-brokered private placement of a 7% unsecured
convertible debenture (the "Debenture") with Patriarco Holdings Ltd. The
second tranche is for up to $750,000 and is expected to close prior to
September 15, 2008. As previously announced, the first tranche closed on 
July 16, 2008 and was for $500,000.
    The Company intends to use the proceeds from the sale of the Debenture
for drilling at its properties in China and for general working capital
purposes.
    Pursuant to Multilateral Instrument 61-101, the issuance of the Debenture
is a "related party transaction". Please see the Press Release of the Company
dated July 16, 2008 for further details.

    Forward Looking Statements

    Certain information regarding the Company set forth in this press
release, including management's assessment of the Company's future plans and
operations contains forward looking statements that involve substantial known
and unknown risks and uncertainties. These forward looking statements are
subject to numerous risks and uncertainties, some of which are beyond the
Company's and management's control, including but not limited to, the impact
of general economic conditions, industry conditions, fluctuation of commodity
prices, fluctuation of foreign exchange rates, imperfection of reserve
estimates, environmental risks, industry competition, availability of
qualified personnel and management, stock market volatility, timely and cost
effective access to sufficient capital from internal and external sources. The
Company's actual results, performance or achievement could differ materially
from those expressed in or implied by, these forward looking statements and
accordingly, no assurance can be given that any of the events anticipated to
occur or transpire from the forward looking statements will provide any
benefits to the Company.

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





For further information:

For further information: Silk Road Resources Ltd., David R. Bell,
Chairman, Telephone: (416) 363-4280

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SILK ROAD RESOURCES LTD.

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