16:06 EDT Wednesday, October 05, 2011

TORONTO, ONTARIO--(Marketwire - Oct. 5, 2011) - Silvore Fox Minerals Corp. (the "Corporation" or "Silvore Fox")(TSX VENTURE:SFX) is pleased to update the geological due diligence program for the Totora and Harvest properties recently optioned in Chile.

On September 15, 2011 Silvore Fox announced the signing of a Letter of Intent ("LOI") with Sinotech Mineral Exploration Chile Limitada ("Sinotech") to acquire a 100% interest in the Totora Gold Property and the Harvest Property, each with no NSR.

Silvore Fox has contracted with Santiago, Chile based drilling company Ingenieria Y Sondajes Limitada, and drilling has commenced on the Totora property located south of Copiapo where a large shear zone containing gold and copper bearing lodes occurs within Paleozoic metamorphic rocks near the contact with a quartz diorite. The planned drill program includes seven test holes (1,050 total meters) of diamond NQ drilling.

Surface mapping and data interpretation by Sinotech, the property vendor, had previously indicated mineralized widths of vein system from 2 to 30m. The drilling will test two of the major north south trending gold copper lode systems for continuity and overall grade to depths of about 150m. The program is under the supervision of Dr. S. Zhang, a Chilean based consultant under contract to manage the Silvore Fox activities in Chile. Dr S. Zhang was until recently the country manager for Sinotech.

On the Harvest Gold property a 19-line (1,200 meters per line) Geophysical Induced Polarization (IP) program is currently underway as part of a pre-drilling program to identify the most prominent drill targets within the vein systems. Mapping and a ground magnetic survey for the Harvest property were previously completed by Sinotech.

The LOI provides Silvore Fox with 90 days to conduct significant geological due diligence, including drilling. (Please refer to the Press Release dated September 15, 2011 for details)

Management Comments

"After having an opportunity to further review some of Sinotech's existing data on these properties the Silvore Fox team is excited to get a drill turning on the Totora property and continue pre-drilling work on the Harvest property. We are continuing to perform our corporate and geological due diligence for this important transaction in a thorough and professional manner on behalf of our shareholders. Both Silvore Fox and Sinotech expect to sign the Formal Agreement on or before December 14, 2011."

• Mr. Harold Cabrita, President and CEO

Ian Chisholm, PEng, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release.

About Silvore Fox Minerals Corp.

Silvore Fox Minerals Corp. is a Canadian public mineral exploration company based in Toronto. We are focused on both base and precious metal exploration projects within a diversified portfolio of properties that attempts to minimize political risk without limiting potential returns for our shareholders.

On November 17th, 2010, Silvore Fox entered into a Strategic Agreement with Beijing Donia Resources Co. Ltd ("Donia") at the China International Mining Conference, 2010. Donia is the single largest shareholder of Silvore Fox currently holding approximately 30% of the Corporation's outstanding shares. This strategic partnership provides the Corporation with a strong platform for growth through mineral exploration expertise, funding and strategic acquisitions. SFX has an experienced management and geological team.

Harry Cabrita

President and CEO

Dr. Jingbin Wang

Chairman