Silvore Fox Minerals Announces Warrant Exercise for GrossProceeds of $1,125,000

HALIFAX, NOVA SCOTIA--(Marketwire - Dec. 1, 2010) - Silvore FoxMinerals Corp. (TSX VENTURE:SFX) (the Corporation) is pleased toreport, further to its Press Release dated March 30th, 2010 and June29, 2010, that 11,250,000 common shares of the Company were issued upon theexercise of outstanding warrants at a price of
.10 per common share for grossproceeds of $1,125,000. This represents the successful conclusion of the total22,500,000 warrants to be exercised early under the Warrant Exercise Agreementwith Sino Minerals Corp. (Sino) dated March 30th, 2010. The warrants were issuedas part of the Company's non-brokered private placement with Sino on January28th, 2010.

"Sino's completion of the early warrant exercise agreement, in its entirety,is an important further demonstration of Sino's dedication and commitment to ourCorporation. Rarely in my career have I encountered such a genuine relationship.I see this as yet another positive endorsement from Sino Minerals on thepotential for the Corporations Coxheath Property. The expertise brought to bearby Sino Minerals/Beijing Donia Resources in our assessment of new acquisitiontargets will be of tremendous benefit " reports Harry Cabrita, President &CEO.

Dr. Jingbin Wang states , "I am very pleased to see Silvore Fox's recentsteady developments and the closer relationships among Sino Minerals , BeijingDonia Resources and Silvore fox. I hope that Sino/Donia and Silvore Fox willbring their cooperation in technology to the next level, help Silvore Foxenhance its value, and make the companies shareholders feel the positive resultsof this continued cooperation."

About Silvore Fox Minerals Corp.

Silvore Fox Minerals Corp. ("SFX") is a Bedford, Nova Scotia, Canada basedpublic mineral exploration company with 100% mineral rights to the claims atCoxheath, Cape Breton Island, Nova Scotia (known as the 'Coxheath Deposit'). SFXhas an experienced management and geological team.

The Coxheath deposit model is believed to be analogous to Pacific Rimvolcanogenic porphyry copper deposits. Alteration patterns in association withthe regional geological setting further suggest a possible model linking thediorite-hosted porphyry-style mineralization at Coxheath and an epithermalsystem approximately 4 km to the east.

FOR FURTHER INFORMATION PLEASE CONTACT:

Harry Cabrita, President and CEO
Silvore Fox Minerals Corp.
Dr. Jingbin Wang, Chairman
1-902-832-1060
info@silvorefox.com
www.silvorefox.com

OR

The Howard Group Inc.
For Investor Relations please contact;
Dave Burwell/Grant Howard
403-221-0915 or Toll Free: 1-888-221-0915
Info@howardgroupinc.com
www.howardgroupinc.com