Silver Reserve Corp. - Mohawk Mine Resource Report

    OTCBB Symbol: SLVV

    RENO, NV, June 9 /CNW/ - Silver Reserve has received a report written by
2 geologists in 1982 on the Mohawk Mine, located within the Company's Silver
Queen Project. The report was prepared for a prior owner of the property and
its findings have not been confirmed by Silver Reserve. The report states that
52,167 tons of probable and possible mineralized material grading an average
of 13.4 ounces per ton silver (699,000 ounces silver), remains unmined in the
mine workings. The report goes on to show estimated actual extraction after
mining losses, totalled 40,071 tons of probable and possible mineralized
material grading 13.3 ounces per ton silver (532,900 ounces silver). The
report also states there is great potential of finding additional tons of
mineralized material.
    Four major exploration targets with good potential within the claim group
and separate from the Mohawk vein occurrence have been documented. These
targets, combined, have over 4,000 feet of vein strike length open to
exploration and could contain several major ore bodies, according to the
    Other historical reports indicate the average grade mined between 1920
and 1960 was 20 to 25 ounces silver per ton.
    Recent work by the Company has traced the vein structures from the Mohawk
Mine to the Silver Queen mine, also within the Project, and beyond for a total
of 1.8 miles offering large tonnage potential for this Project.
    Surface exploration has also identified a large silver/lead/zinc anomaly
1000 feet long and 600 feet wide away from the vein structures encompassing
the mines on the Project that appears to have had no previous exploration.
    Approval from the Bureau of Land Management has been received for a
10,000 foot drill program on the Silver Queen Project that will commence in
June, 2008.

    Silver Reserve is an exploration stage mining company. The Company's main
focus is its 14 silver exploration projects in the State of Nevada, in the
United States of America. The properties are located in the counties of
Esmeralda, Mineral, Nye, Lyon, Humbolt and Elko. Silver Reserve also owns a
280 ton per day mill facility at Mina, Nevada.

    FORWARD-LOOKING STATEMENTS: This news release contains certain
"forward-looking statements" within the meaning of Section 21E of the United
States Securities Exchange Act of 1934, as amended. Except for statements of
historical fact relating to the company, certain information contained herein
constitutes forward-looking statements. Forward-looking statements are
frequently characterized by words such as "plan", "expect", "project",
"intend", "believe", "anticipate", "estimate" and other similar words, or
statements that certain events or conditions "may" or "will" occur.
Forward-looking statements are based on the opinions and estimates of
management at the date the statements are made, and are subject to a variety
of risks and uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the forward-looking
statements. These factors include the inherent risks involved in the
exploration and development of mineral properties, the uncertainties involved
in interpreting drilling results and other ecological data, fluctuating metal
prices, the possibility of project cost overruns of unanticipated costs and
expenses, uncertainties relating to the availability and costs of financing
needed in the future and other factors. The Company undertakes no obligation
to update forward-looking statements if circumstances or management's
estimates of opinions should change. The reader is cautioned not to place
undue reliance on forward-looking statements.

    (*) Cautionary Note to US Investors - The United States Securities and
Exchange Commission (SEC) limits disclosure for U.S. reporting purposes to
mineral deposits that a company can economically and legally extract or
produce. The reader is cautioned that the term, "resource," is not a term that
is recognized by SEC guidelines for disclosure of mineral properties.
Generally, "resources" estimates do not rise to the level of certainty
required by SEC guidelines. The mineralized material described above is not
considered a "reserve" as that term is used in the mining industry and in SEC
disclosure guidelines. The Company must undertake a feasibility study before
it can estimate the value of its mineral assets. U.S. investors are urged to
consider closely the disclosure in our Form 10-KSB, File No. 000-52641. You
can review and obtain copies of these filings from the SEC's website at

For further information:

For further information: Corporate Head Office: 1135 Terminal Way, Suite
207B, Reno, Nevada 89502, e-mail:, Phone: (866)
448-1073, Fax: (866) 786-6415; Investor Relations: Stephan Latieyre, Phone:
(305) 335-5708, Toll Free: (866) 448-1073

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