> TORONTO, ONTARIO--(Marketwire - Jan. 9, 2012) - Silvore Fox Minerals Corp. 
> (the "Corporation" or "Silvore Fox") (TSX VENTURE:SFX) announces that 
> further to its news releases issued September 15, 2011 and December 13, 
> 2011 in relation to the letter of intent (the "Letter of Intent") with 
> Sinotech Mineral Exploration Chile Limitada ("Sinotech Chile"), a final 
> agreement to acquire a 100% interest in both the Totoral Property and the 
> Harvest Property has been entered into. The amended purchase price is set 
> at CDN $1,000,000.00 with Sinotech Chile retaining a 3% net smelter 
> returns royalty (NSR) on each property.
>                Mr. Harold Cabrita, President and CEO of Silvore Fox said, 
> "Sinotech Chile's willingness to re-structure this deal with the net 
> smelter royalty clearly demonstrates their belief in the properties and 
> their confidence in management to execute on the exploration and 
> development of the properties."
>                Golden Fox Resources SpA and Golden Eagle Resources SpA, 
> which are indirectly wholly-owned subsidiaries of Silvore Fox, will be the 
> purchasers of the properties and $500,000.00 will be advanced by Silvore 
> Fox to each of Golden Fox Resources SpA and Golden Eagle Resources SpA to 
> fund the purchase price for the properties.
>                Golden Fox has the right at any time to acquire up to (2/3 
> rds) of the Harvest NSR in tranches of one-third (1/3rd) for CDN 
> $1,000,000.00 per one-third tranche.
>                Golden Eagle has the right at any time to acquire up to 
> two-thirds (2/3 rds) of the Totoral NSR in tranches of one-third (1/3rd) 
> for CDN $1,000,000.00 per one-third tranche.
>                The transaction is subject to the acceptance of the 
> transaction by the TSX Venture Exchange.
>
>
>                    About Silvore Fox Minerals Corp.
>
>
>
>                  Silvore Fox Minerals Corp. is a Toronto, Ontario, Canada 
> based public mineral exploration company, focused on base and precious 
> metal exploration projects. On November 17, 2010, the Corporation 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. The Corporation has 
> an experienced management and geological team.
>
>                Harry Cabrita
>                President and CEO
>
>
>
>
> FOR FURTHER INFORMATION PLEASE CONTACT: (416) 847-0189
> Harry Cabrita, President & CEO
> (416) 847-0157 (FAX)
> info@silvorefox.com