Silk Road Resources Ltd. announces financial results for Quarter ended June 30, 2007

    TORONTO, Aug. 29 /CNW/ - Silk Road Resources Ltd. (TSX-V; SIL) (the
"Company") today announced financial results for the quarter ended June 30,
2007. Net Loss for the period was $594,961. Working capital as at June 30,
2007 was $1,217,156. The Net Loss per share was $0.02. The complete financial
statements and the Company's management discussion and analysis can be viewed
    During the quarter ended June 30, 2007, the Company continued to work on
the finalization of the transfer of the exploration mineral licenses for the
Jiaxin Joint Venture and on the restructuring of the Pargas Joint Venture.

    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: Allen J. Palmiere, President & CEO, 155
University Avenue, Suite 750, Toronto, ON, M5H 3B7, Tel: (416) 363-6045, Fax:
(416) 363-6048

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