Silk Road Resources Ltd. announces financial results for the quarter ended September 30, 2007

    TORONTO, Nov. 28 /CNW/ - Silk Road Resources Ltd. (TSX-V; SIL) (the
"Company") today announced financial results for the quarter ended September
30, 2007. Net Loss for the period was $605,877. Working capital as at
September 30, 2007 was $1,084,059. The Net Loss per share was $0.02. The
complete financial statements and the Company's management discussion and
analysis can be viewed at
    During the quarter ended September 30, 2007, the Company finalized the
transfer of the exploration mineral licenses that cover the Bulagou Property
for the Jiaxin Joint Venture. The 5 licenses cover an area of approximately
42 square kilometers and contain several prospects including Yidi and
    The Company 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 is located in Gansu Province of China. The
objective of the drilling program was 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 was to confirm the
vertical continuity by at least 200 meters. On the Labuzaika prospect the
objective was to test the continuity along strike and to test a number of
zones that were identified last year.
    The Company is currently awaiting the results of the drilling program and
will release the assay results when they are completed.

    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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