Mar. 1, 2011 (Marketwire Canada) --

HALIFAX, NOVA SCOTIA -- Silvore Fox Minerals Corp. (the "Corporation")(TSX VENTURE:SFX) is pleased to announce that it proposes to offer to investors, by way of a non-brokered private placement (the "Private Placement"), up to 22,222,222 units ("Units") at a price of $0.09 per Unit for gross proceeds of $2,000,000. Each Unit will consist of one common share and one- half of one common share purchase warrant (each whole common share purchase warrant a "Warrant"), whereby each Warrant will entitle the holder to purchase an additional common share of the Corporation (the "Warrant Share") at a price of $0.12 per share during the 12 months from the date of issuance of the Warrant and at a price of $0.15 per share during the second 12 months. Certain insiders of the Corporation, including Sino Minerals Corp., may purchase Units.

The net proceeds of the Private Placement will be used to fund the Corporation's acquisition and exploration activities, and to provide general working capital.

The Private Placement is conditional upon receipt of approval by the TSX Venture Exchange.

About Silvore Fox Minerals Corp.

Silvore Fox Minerals Corp. ("Silvore Fox") is a Bedford, Nova Scotia, Canada based public mineral exploration company with 100% mineral rights to the claims at Coxheath, Cape Breton Island, Nova Scotia (known as the "Coxheath Deposit"). On November 17, 2010, Silvore Fox entered into a Strategic Agreement with Beijing Donia Resources ("Donia") at the China International Mining Conference, 2010. Donia is the parent company of Sino Minerals Corp., which currently owns 40.13% of Silvore Fox. These strategic partnerships provide Silvore Fox with a strong platform for growth through mineral exploration expertise, funding and strategic acquisitions. Silvore Fox has an experienced management and geological team.

Harry Cabrita

President and CEO

Dr. Jingbin Wang

Chairman