Silver Reserve Corp. - New President Appointed

    OTCBB Symbol: SLVV

    RENO, NV, June 23 /CNW/ - Silver Reserve Corp. is pleased to announce the
appointment of Mr. Mason Douglas as President, effective June 23, 2008. Todd
Montgomery, current President and CEO, will continue in his role as CEO.
    Mr. Douglas is currently a member of the Board of Directors of Silver
Reserve Corp. He has both an MBA and LLB. With nearly 8 years of experience in
the mining industry as a consultant, executive and director for a variety of
private and public companies. Mr. Douglas offers a wealth of experience in
mining and project leadership.
    Mr. Montgomery welcomes Mr. Douglas "as a new member of the executive
team who will bring Silver Reserve experience in strategic planning and
tactical implementation as well as strong interpersonal skills that will be
critical for the development and growth of the Company in the future." Mr.
Montgomery added, "He has contributed positively to the Board of Directors and
with the current development plans for the Company, we look forward to his
contribution in his new leadership role at an operational level."

    Silver Reserve is an exploration stage mining company. The Company has a
portfolio of 15 silver and base metal projects in the State of Nevada, United
States of America. The properties are located in the counties of Esmeralda,
Mineral, Nye, Lyon, Humboldt and Elko. Silver Reserve also owns a 250 ton per
day mill facility at Mina, Nevada. A year long evaluation of the projects has
identified the Medicine and Silver Queen Projects as the potential for the
earliest develop sizable resources. A major drill program is being planned to
concentrate on these two projects.

For further information:

For further information: Mason Douglas, President, (866) 448-1073,

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