Silk Road Resources Ltd. Announces Drilling Program on Bulagou Property

    TORONTO, Oct. 31 /CNW/ - Silk Road Resources Ltd. (TSXV: SIL) announced
today that it has began drilling on both the Yidi and Labuzaika prospects
located on the Bulagou property. The Bulagou property, which is owned by the
Jiaxin Joint Venture Company (the "JV Company") is located in Gansu Province
of China. The Company currently has a 70% interest in the JV Company and
subject to certain conditions precedent will increase its interest from 70% to
90% as announced on October 2, 2007. The JV Company holds the exploration
licenses for the Bulagou property.
    The objective of the drilling program is to establish the vertical and
horizontal continuity of the gold bearing mineralization identified in the
prior drilling programs. In the case of the Yidi prospect, the objective is to
confirm the vertical continuity by at least 200 meters. On the Labuzaika
prospect the objective is to test the continuity along strike and to test a
number of zones that were identified last year. Additionally, the Company
plans to drill several holes on another prospect known as the "X Zone". The X
Zone prospect has been recently opened up by illegal miners and appears to
have significant potential.
    The results of the drilling program will be released as the assays are

    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.

    %SEDAR: 00012266E

For further information:

For further information: Silk Road Resources Ltd., Allen J. Palmiere,
President & CEO, Telephone: (416) 363-6045; And/or David R. Bell, Chairman,
Telephone: (416) 363-4280

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